Drilling
News
October 23, 2025
The Trump administration has reopened Alaska’s Arctic National Wildlife Refuge for oil and gas leasing, reversing a Biden-era ban and paving the way for a winter lease sale. Interior Secretary Doug Burgum said the move will expand U.S. fossil fuel production across 1.56 million acres of the Arctic coastal plain.
News
October 21, 2025
Halliburton reported $5.6 billion in Q3 2025 revenue, led by North America growth and steady international results. Adjusted earnings rose to $496 million as the company emphasized cost discipline, technology leadership and shareholder returns.
News
October 21, 2025
Brazil’s state-run Petrobras has received environmental approval to begin drilling its first exploration well in the Foz do Amazonas basin after years of regulatory delay. The project could open a new offshore frontier comparable to Guyana’s oil-rich plays, as Brazil seeks to sustain output beyond 2030.
News
October 10, 2025
U.S. geothermal lease bids have surged to record highs, driven by data-center energy demand and advances in drilling and completions technology. Oilfield methods such as fracing and high-temperature well design are powering geothermal’s next growth phase.
News
October 07, 2025
ReconAfrica is drilling ahead into the Otavi carbonate reservoir at its Kavango West 1X exploration well in Namibia. The company expects to reach total depth in November, followed by a full evaluation of the reservoir section.
News
October 03, 2025
Unit Corporation has sold its Unit Drilling Company subsidiary to Cactus Drilling in a $120 million all-cash transaction, marking a strategic exit from the contract drilling business. The divestiture allows Unit to sharpen its focus on upstream oil and gas operations and pursue new drilling opportunities.
Article
September 2025
News
September 29, 2025
Carlos Slim’s Grupo Carso has secured a $1.99 billion contract with Pemex to drill 32 wells at the Ixachi gas and condensate field in Veracruz. The project affirms Pemex's efforts to boost output amid mounting debt and a push for energy self-sufficiency by 2027.
Article
September 2025
It’s been a tumultuous year for the Canadian oil patch—weakening markets have tempered expectations that the new federal government is open to discussing, and possibly changing, some of its most damaging and punitive policies and legislation.
Article
September 2025
International activity is maintaining leisurely growth, while the U.S. continues to lag. Global oil production was up slightly in 2023, with stronger gains in the Americas. Offshore activity is buoyed by continued success in areas like Guyana, Suriname and Namibia.
Article
U.S. drilling slows as high operating costs, low oil prices and capital restraint motivate operators
September 2025
U.S. drilling activity has softened in 2025, with rig counts sliding despite steady production, as operators lean on efficiency gains and disciplined spending. M&A and inventory optimization took priority over aggressive new drilling, while gas-focused rigs remained under pressure amid shifting LNG demand.
News
September 23, 2025
Condor Energies has launched a multi-well drilling program in Uzbekistan as the Canadian independent looks to expand natural gas production and reserves across its portfolio in Central Asia.
News
September 15, 2025
TAQA (Industrialization & Energy Services Company) has introduced the Esaar™ mud motor, designed to improve drilling performance and serviceability. Built for durability in high-torque and corrosive conditions, the motor has been field-tested across a range of well types.
News
September 11, 2025
Pelican, Greenland Exploration, and March GL have merged to form Greenland Energy, advancing oil and gas drilling in Greenland’s Jameson Land Basin, a region long considered one of the most promising undrilled hydrocarbon basins in the Arctic.
News
September 10, 2025
MOL and O&GD have discovered a new oil field at a depth of approximately 2,400 m near Galgahévíz, Hungary. The well, named Galgahévíz-4, is capable of producing approximately 1,000 bopd, which is processed at the Danube Refinery in Százhalombatta.
News
August 28, 2025
Borr Drilling has announced contract awards for two of its premium jack-up rigs to operate in the North Sea as well as offshore Congo, West Africa. The contracted work will span over 300 days and represent more than $43 million in contract revenue backlog, Borr Drilling said.
News
August 25, 2025
Seadrill Limited today announced Sonadrill Holding Ltd, its 50:50 joint venture with an affiliate of Sonangol E.P., has been awarded two contracts. The West Gemini secured a contract with Sonangol Exploração & Produção, S.A. for work in Angola.
Article
August 2025
As the industry evolves to support oilfield companies’ sustainability goals, current dual-fuel solutions will enable drillers to navigate the industry’s shifting dynamics while keeping a competitive edge.
News
August 20, 2025
Nabors has entered into a definitive agreement to sell its Quail Tools, LLC subsidiary to Superior Energy Services, Inc. for $600 million. The transaction reduces Nabors' net debt by more than 25%.
News
August 19, 2025
Supporting workforce logistics for both multinational crew rotations and shore-based and corporate personnel, ATPI will provide comprehensive travel solutions to each operator to ensure safe and efficient transfer of crew to and from drilling sites and offshore rigs.
