Borr Drilling reports strong Q4 2024 results with higher day rates and solid 2025 contracts. Explore their outlook, challenges, and market strategies.

The 625 million acres is roughly equivalent to 976,562.5 square miles. Considering that the total land area of the United ...

The drilling of China's first ultra-deep scientific exploration well, Shenditake 1, has been completed at a depth of 10,910 ...

Seatrium secures jack-up rig contract with International Maritime Industries. Find the latest news from the maritime industry on the PortNews website.

It is 70 years since Seatrium designed and built the world's first independent leg jack-up drilling rig, and it has designed ...

This month’s Investing in African Mining Indaba has reminded the industry of the need to grow and innovate. In order to remain competitive and sustainable, technology must be front and centre of this ...

Valaris retires rigs, announces new contracts. Find the latest news from the maritime industry on the PortNews website.

Saudi Arabian Oil Co. (Aramco) has signed agreements to buy a 25 percent stake in retail network operator Unioil Petroleum ...

ADNOC Drilling Company has reported its highest-ever financial results for the year ending December 31, 2024, highlighting ...

Singapore shipyard group Seatrium has secured a tender from Saudi shipyard International Maritime Industries (IMI) to supply ...

RIG designer Seatrium Offshore Technology, a wholly owned subsidiary of Seatrium, has secured a contract from shipyard ...

The suit, filed in Alaska, is likely to be the first of many challenging the administration’s goal of expanding fossil fuel ...