rigs | Egypt Oil & Gas
NIDC to Invest around $1 billion in Drilling Equipment
The CEO of the National Iranian Drilling Company (NIDC), Mehran Makvandi, announced that the National Iranian Oil Company will invest $800 million to purchase 15 onshore drilling rigs this year. An additional $200 to ...
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 Abu... U.S. Rigs Face Significant Drop Amid Cuts
Baker Hughes announced that U.S. energy firms have cut 11 oil rigs during the week ending on May 19, the biggest cut in oil rigs since September 2021, Reuters reported. The report elaborated that U.S. oil rigs fell by...
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 y...
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 a s...
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, a press release is...
US Firms Increase Oil & Gas Rigs
United States’ firms added oil and gas rigs for the fifth week, out of six weeks, Reuters reported. Three rigs were added; increasing the number of rigs to 491 during the week ending on August 6th, compared to 2...
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. The...
