Tuesday 1 September 2015
 
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Rigs

National Drilling Company to buy 14 new rigs for $543m

The UAE's National Drilling Company has signed three key contracts worth $543 million to buy 14 new rigs, state news agency WAM reported on Sunday. One offshore and one onshore rig, worth $203 million, will be built in the UAE

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National Drilling Company to buy 14 new rigs for $543m

The UAE's National Drilling Company has signed three key contracts worth $543 million to buy 14 new rigs, state news agency WAM reported on Sunday. One offshore and one onshore rig, worth $203 million, will be built in the UAE

More…

UAE's National Drilling Company to buy 14 new rigs for $543m

The UAE's National Drilling Company has signed contracts worth $543 million to buy 14 new rigs, state news agency WAM reported.   One offshore and one onshore rig, worth $203 million, will be built in the UAE

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Saudi Aramco plans 250 rigs in 2016 if oil price soars

Saudi Aramco may raise the number of its oil and gas drilling rigs to as high as 250 next year if oil prices continue to firm and as domestic demand for gas increases, industry sources said on Thursday. Currently the national ener

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Qatar's GIS says oil price fall hits rig business

Qatari drilling rig provider Gulf International Services (GIS) said that one of the customers of its subsidiary Gulf Drilling International (GDI) would release a contracted rig in May because of the decline of oil prices.  

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Saudi looking beyond oil price slump as rig count spikes

As the global energy industry stares transfixed at a spectacular drop in US rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of crude. Industry sources and analysts

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Oil in biggest weekly drop since January on dollar

Crude oil prices closed down on Friday, with benchmark Brent losing its most in a week since January, as a resurgent dollar and fear of a US rate hike diverted attention from the shrinking number of rigs drilling for oil in the United States.

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NDC commissions five new rigs

Abu Dhabi-based National Drilling Company (NDC) has commissioned five new rigs assigned for the maintenance of oil wells in the UAE, as part of its fleet expansion plans covering onshore and offshore operations. NDC chief executiv

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Pason, Rawabi set up Saudi joint venture

Pason Systems has signed a joint venture agreement with Saudi Arabia's Rawabi Holding Company for the distribution of Pason's industry-leading data management systems for drilling rigs in Saudi Arabia. Rawabi and Pason wil

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Aramco to use more rigs this year

Saudi Aramco plans to use a record number of rigs this year, more than 170, to search for unconventional gas while drilling for oil needed to maintain the world's biggest spare capacity cushion, industry sources in Saudi Arabia said.

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