rigs
Posted inExploration & Production, News
Arabian Drilling to sell 30% stake in IPO
The Saudi oilfield-services firm will sell 26.7 million shares on the Main Market of the Saudi Exchange
Posted inDRILLING & PRODUCTION
ADES Q1 revenue rockets to $108.7mn
The company made more in Q1 2019 than it did in H1 2018
Posted inExploration
Wintershall awards rig contract for Nova field
New rig is set to drill six subsea wells, commencing in 2020, with ten more wells possible on other assets.
Posted inDRILLING & PRODUCTION
WTI crude passes $70 a barrel for first time in three years
Oil prices remain bullish as imminent US decision over Iran sanctions and Venezuelan economic troubles spook market.
Posted inDRILLING & PRODUCTION
TWMA secures drilling cuttings agreement at New Age West Africa project
UK based firm wins deal in Cameroon and begins work this month with 20 personnel engaged in delivering two well, offshore contract.
Posted inProducts & Services
KCA Deutag completes acquisition of the Omani and Saudi Arabian businesses of Dalma Energy
Scottish firm makes major acquisition to strengthen its presence in the region’s rig sector.