Sunday 4 December 2016
 
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drilling rigs

Saudi Aramco, Nabors sign JV for onshore drilling rigs

Saudi Aramco, the world’s top exporter of crude oil and natural gas and Nabors Industries, a global leader in drilling rigs, have signed an agreement to form a new joint venture in Saudi Arabia to manage and operate onshore drilling rigs.

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Iran aims to increase drilling rigs

National Iranian Drilling Company (NIDC) plans to increase its drilling rigs to 80 by mid-March 2017, a report said. NIDC had completed drilling its 100th oil and gas well both onshore and offshore, Iran Daily reported, c

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NIDC aims to supply equipment to Chinese projects in Iraq

National Iranian Drilling Company (NIDC) is in negotiations with Chinese firms aiming to supply some of the equipment for their oil projects in Iraq, a report said. Talks are also underway with European companies on collaboration

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No decision on increase of drilling rigs: Aramco

National oil firm Saudi Aramco is currently operating a total of 212 oil and gas drilling rigs and has not decided whether to increase that number this year, a senior executive said on Monday. Amin Nasser, senior vice-president fo

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Qatar Petroleum signs $1.4bn rig deals with GDI

Gulf Drilling International (GDI) has signed five-year contracts worth QR5.2 billion ($1.4 billion) to supply drilling rig services to state energy giant Qatar Petroleum (QP). GDI, a subsidiary of Gulf International Services, will

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NDC awards $272m deal for 9 drilling rigs

UAE-based National Drilling Company (NDC) recently signed an agreement with China Petroleum Technology & Development Corporation (CPTDC) to obtain nine new land rigs, with a total value close to Dh1 billion ($272 million). The

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Saudi Arabia targets record oil drilling

Top global oil exporter Saudi Arabia is set to use a record number of drilling rigs this year as it ramps up production, in the face of possible supply shortages due to Western sanctions on Iran. With oil exports by Iran, Opec's second lar

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Shoaibi, US group in new coil drilling JV

Shoaibi Group, a leading Saudi business group, has joined hands with US-based Xtreme Coil Drilling Corporation, to introduce new technologies for drilling with coiled tubing in the Mena region. Under the agreement, Suhayl Abdul Mohsin Al S

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MIS wins $335m Meju rig contracts

UAE-based Maritime Industrial Services Company (MIS) has clinched rig-building contracts worth $335 million from Mosvold Middle East Jackup (MEJU) for the detail design and construction of two offshore jack-up drilling rigs for the company.

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