Land rig provider Patterson-UTI Energy Inc has halved its full-year rig construction program to 16 new high-tech APEX rigs as oil producers cut back on drilling due to weak prices.

Crucial to energy production, land drilling rigs allow oil and natural gas extraction which are the key resources running industries, powering infrastructures, and facilitating day-to-day life.

Saudi Arabian oilfield services provider Arabian Drilling Company said it won multiple contracts from Aramco for ten additional land rigs. Arabian Drilling said the ten contracts awarded are for ...

The 2,000-HP land drilling rig equipped with robotic arm is the first of its kind to be used for on land drilling in the world, MEIL officials said while demonstrating the technology to a group of ...

A Hilcorp drilling rig operates on the shore of Cook Inlet, not far outside Anchorage. The company will use a different rig for its exploratory wells in the Yukon Flats this summer.

EQNR's Deimos well in the Barents Sea comes up dry, with no commercial hydrocarbons found despite extensive drilling efforts.

Patterson-UTI Energy Inc., a drilling contractor based in Snyder, Tex., agreed to buy $100 million of rig components from National Oilwell Varco Inc. to build 15 land drilling rigs in 2007.

Global growth in land rig demand will average 5%/year in 2012-2016, expanding the rig fleet to more than 11,000 units from the 9,700 in service today, said a worldwide study by Douglas-Westwood ...

Rigs engaged in land operations climbed by 11 to 1,910, while inland waters activity and offshore drilling remained steady at 23 and 46, respectively.

The Zacks Oil and Gas - Drilling industry is contending with multiple challenges. First, the U.S. rig count has fallen year over year, slowing drilling activity and impacting service companies ...

How big is the largest oil rig in the world? Find out more about the location, capacity, impact, and other facts about the Pacific Berkut oil rig.