Tag: drilling

Shale drilling drops for longest stretch since 2020 as rig rely slips once more

(Bloomberg) — The variety of rigs drilling for crude within the U.S. declined for the longest weekly streak in about 5 years as shale explorers shrugged off a latest soar in crude costs. The...

Petro-Victory begins drilling marketing campaign in Potiguar basin, Brazil

Petro-Victory Vitality Corp., an oil and fuel E&P firm centered on onshore Brazil,...

Drilling waste specialist TWMA studies good quarter, as a result of utilization of RotoMill expertise

Specialist drilling waste administration firm, TWMA*, has revealed its first quarter outcomes for 2025, together with income of $16.4million and EBITDA of $4.1m. The outcomes comply with a interval of progress on key...

Trump criticizes UK North Sea tax for discouraging drilling

(Bloomberg) – U.S. President Donald Trump criticized the UK’s strategy to taxing North Sea oil and fuel, saying it discouraged drilling and raised power costs.  Britain ought to cease utilizing “pricey and unpleasant windmills”...

Matador plans to chop drilling exercise, drop one rig by mid-2025

(Bloomberg) -- Texas shale-oil firm Matador Sources Co. plans to drop certainly one...

Nabors, Corva AI be a part of to advance digital transformation in drilling {industry}

Nabors Drilling Applied sciences and Corva AI announce the enlargement of their strategic alliance, reinforcing the shared imaginative and prescient to speed up digital transformation within the drilling {industry}. Constructing on the strategic alliance,...

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