rigs | Egypt Oil & Gas

ADNOC Drilling Acquires Two New Jack-Up Rigs

ADNOC Drilling Company has inked an agreement to acquire two premium high-specification Gusto MSC CJ46 design offshore jack-up drilling units (the “rigs”). The $220 million-rigs will be brought into the waters off ...

U.S. Rigs Face Significant Drop Amid Cuts

Baker Hughes announced that U.S. energy firms has reduces 11 oil rigs this week, which is the biggest oil rigs reduction since September 2021. The oil and gas rig count, which is treated as an early indicator of f ...

US Weekly Oil, Gas Rig Count Up 43 Rigs Compared to Last Year Despite Deep Decline: Baker Hughes

Despite the deepest weekly decline in US energy firms' oil and natural gas rig count since February, Baker Hughes pointed out that the total count was still up 43 rigs, 6% more compared to the same period last yea ...

Equinor Wins Two Rig Contracts, Collaboration Agreement with Transocean  

Equinor, on behalf of number of licenses, has won two rig contracts for the use of Transocean Encourage, mainly in the Norwegian Sea, and Transocean Enabler, for the Johan Castberg field. The companies also signed ...

ADNOC Drilling, Helmerich & Payne Enter into Strategic Alliance

The Abu Dhabi National Oil Company (ADNOC) and its subsidiary ADNOC Drilling Company (ADNOC Drilling) along with Helmerich & Payne, Inc. (H&P) have announced formation of strategic alliance.

US Firms Increase Oil & Gas Rigs

Three rigs were added; increasing the number of rigs to 491 ones during the week ending on August 6th, compared to 244 rigs around this time of 2020.

Centamin Awards Capital Drilling New Contract, Extends Another

Centamin awarded Capital Drilling (Egypt) LLC with a conditional open-pit waste mining services contract for the East wall in addition to expanding and extending its existing drilling contract at Sukari gold mine. ...

EDC Becomes 100% Egyptian

EDC expanded its scope of work, currently owning 40 onshore drilling rigs, four offshore rigs, 21 wells maintenance rigs, two lifting units, and one offshore device.

ADES Acquires Onshore Contracts in Algeria

ADES International completed acquiring four onshore rigs contracts from Weatherford in Algeria.

ADES Renews Saudi Rigs Contracts

The contracts’ renewal term for all six rigs start during February 2019 as existing contracts expire.

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