Thursday 5 May 2016
 
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Iran firm sets up 15 drilling rigs in joint fields

The National Iranian Drilling Company (NIDC) has set up 15 offshore and onshore drilling rigs in joint fields spudding 100 wells, according to a report.   The company i currently drilling wells in Azadegan, South

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HH signs $25m drilling rig sales deal with Kuwait firm

Leading global land drilling rig manufacturer Honghua Group (HH) has entered into a ultra-deep drilling rig sales agreement with Kuwait Drilling Company (KDC) with a total value of $25 million.   Under the sales

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HH signs $25m drilling rig sales deal with Kuwait firm

Leading global land drilling rig manufacturer Honghua Group (HH) has entered into a ultra-deep drilling rig sales agreement with Kuwait Drilling Company (KDC) with a total value of $25 million.   Under the sales

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VW eyes 20 people responsible for emissions rigging

Volkswagen believes that up to around 20 people were involved in its rigging of diesel-engine emissions tests, a person familiar with the matter said on Thursday.   A source told Reuters earlier this month that m

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Mystery behind missing rig Iran bought for $87m

Four years after Iran spent $87 million to buy an oil drilling rig that was never delivered, the broker in the deal has given his side of a story he describes as a cautionary tale for Western investors impatient for an end to sanctions.

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Kerui delivers third-gen fast moving drilling rig to Dalma

Kerui, an integrated international drilling engineering services, has delivered its latest third-generation fast-moving drilling rig to the leading drilling contractor Dalma. The rig was shipped to the Middle East, based on the st

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Drydocks World completes major rig repair ahead of schedule

Drydocks World, a leading service provider to the shipping, maritime, offshore, oil, gas and energy sectors, has completed a refurbishment project on the National Drilling Company’s (NDC) offshore drilling Rig Beynouna in the UAE.

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Brent approaches $61, set to end 7-month losing streak

Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices. A reduction in rig counts

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North Sea rig closures may hit UK oil output

Britain's oil industry is facing the threat of a cascade of North Sea rig closures, unless ageing platforms can urgently source more gas to help squeeze out the remaining barrels, said experts. The potential threat to oil reve

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NDC inaugurates new rig

A new land rig has been inaugurated by the National Drilling Company (NDC) as part of the company’s fleet expansion programme. The new rig will help the company to step-up its ability to perform specific drilling operations that r

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