Rig And Oil Field Market Report 2025 ... In 2024, MEIL, an India-based construction engineering company, introduced the C3BR1 NG 2000-5, a fully automated, 2000 HP capacity oil drilling rig.

Helmerich & Payne (HP) beats expectations with Q1 FY24 revenue of $677.1M and EPS of $0.97, driving a 14.42% surge in stock value. Despite the U.S. oil production outlook, HP plans for ...

By John Lee. The Iraqi Drilling Company (IDC) is making steady progress on its project to drill 15 oil wells in the North ...

Oil field of study: Texas Tech raises mast on nation's first operational on-campus rig Mateo Rosiles, Lubbock Avalanche-Journal Fri, January 6, 2023 at 11:30 PM UTC ...

Helmerich & Payne said it received notices of contract suspensions for an additional nine rigs in Saudi Arabia, bringing the ...

Helmerich & Payne HP has endured 12 tough months, with shares down 33%, underperforming the broader energy sector's 1.5% ...

MEIL has received an order for 47 rigs from the ONGC in global competitive bidding. Of the 27 land drilling rigs, two are mobile hydraulic rigs with a capacity of 1,500 HP, and 17 are AC VFD rigs ...

At latitude 71.3 north, it will be 140 miles closer to the pole than Russia's Prirazlomnoye platform in the eastern Pechora Sea—the only other offshore rig currently producing oil in Arctic ...

The São João oil and gas field is situated in the Barreirinhas basin in the state of Maranhão, Brazil. The SPT-129 rig, a modern rig that has been recently renovated, is scheduled to arrive on ...

Texas Tech leaders hope to strike black gold - and give petroleum engineering students some literal in-the-field experience at the same time. The university made history on Friday by raising the ...