The Zacks Oil and Gas - Drilling industry operates in a volatile environment, influenced by rig availability, contracting activity, and capital expenditures rather than commodity prices alone. A 5% ...

Nabors Industries faces a declining US drilling market, high debt, and poor market outlook, leading to a sell recommendation.

Canada dropped 19 rigs for the week ended Mar. 21, according to Baker Hughes data. With 180 rigs running, the count was 11 more than the 169 units drilling during the same period in 2024. The number ...

Arabian Drilling ended the year 2024, with a healthy backlog of SAR 10.3 billion with an addition of SAR 795 million in Q4 2024. Backlog growth was driven by contract extensions for two land rigs and ...

The Contract Drilling Services segment offers onshore well drilling services to ... as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling ...

(MENAFN- Instinctif) Al Khobar (Kingdom of Saudi Arabia) and Dubai (UAE), 18 February 2025: Arabian Drilling and Shelf Drilling, Ltd. (“Shelf Drilli”g”) announced today the signing of a Memorandum of ...