Page 163 - Grilling News Today

Valaris Ltd. has exercised its options and taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million.

The U.S. has defied expectations with a significant increase in oil production, challenging OPECs influence on the global oil market.

Veracio said the two companies have an existing relationship, and this new partnership “acknowledges the vision both companies share for transforming how the drilling workflow can be enhanced with better

The Interior Department auction, mandated by Congress under last year’s Inflation Reduction Act, will be the last sale of its kind until 2025 — when there may be tighter limits and less territory up for grabs.

 China has begun sea trials for its first domestically-built ultra-deep ocean drilling ship. Officials are boasting that it is one of the most sophist...

The Interior Department auction, mandated by Congress under last year’s Inflation Reduction Act, will be the last sale of its kind until 2025 — when there may be tighter limits and less territory up for grabs.

The U.S. Department of the Interior is conducting a significant auction for drilling rights in the Gulf of Mexico, marking the industrys last opportunity before a two-year suspension of such auctions begins.

Private oil and natural gas operators are projected to cut their budgets by 4% to an average of $34.4 billion in 2024, according to the 39th annual global spending survey from Barclays PLC.

Operators are squeezing crude out of new wells more efficiently because of innovations in everything from electric-pump technology to new strategies for deploying workers while fracking wells to minimize downtime.

Operators are squeezing crude out of new wells more efficiently because of innovations in everything from electric-pump technology to new strategies for deploying workers while fracking wells to minimize downtime.