Rigzone Industry News

The all-share transaction valued at $8.5 billion (CAD 11.5 billion) is expected to close on October 3.

The Port of Aberdeen is now the largest berthage port in Scotland.

The government has earmarked $325 million in grants for 15 projects advancing the development of LDES technologies.

The JV would advance the commercial-scale deployment of liquefied CO2 carriers.

The increase in operating loss is mostly attributed to increased drilling activity in Morocco.

A three-judge panel of the court in Manhattan Wednesday upheld lower court rulings that Petroleos de Venezuela SA had to make good on a set of promissory notes.

The merger boosts Persist's position as an emerging player in the southern Alberta Mannville formation oil development.

Perenco Mexico said it has seen positive results from its recent drilling campaign at Santuario Noreste, onshore Mexico.

With the transaction, Precision adds 62 marketed service rigs and seven marketed drilling rigs in Canada and 11 marketed drilling rigs in the USA.

The assets will add about 23,000 boepd to Peyto's production.