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Latest Drilling rig Stories

2014-08-01 16:21:49

MONCTON, NB, Aug. 1, 2014 /CNW/ - Major Drilling Group International Inc. ("Major Drilling") (TSX: MDI) is pleased to announce that it has completed the previously announced acquisition of the assets and business of Taurus Drilling. Through this acquisition Major Drilling is entering into the underground percussive/longhole drilling sector with operations in Canada, the U.S. and Mexico. Pursuant to this transaction, Major Drilling has acquired 39 drill rigs, together with...

2014-07-31 08:24:18

SAN ANTONIO, July 31, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended June 30, 2014. Highlights include: -- Production Services Segment revenue was $132.3 million in the second quarter, up 9% from the prior quarter. -- Well servicing rigs achieved a 101% utilization rate and an average hourly rate of $648. -- Drilling rig utilization is currently 90%, with 42 of our 56 working...

2014-07-30 16:25:11

HOUSTON, July 30, 2014 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company has finalized a 2 1/2 year contract with Rosneft Oil Company, in conjunction with North Atlantic Drilling Ltd., for the provision of the jackup drilling rig Energy Endeavour. According to the agreement, any break rights expire after 100 days, after which the contract will commence in direct continuation upon the release of the rig by the current client. The company...

2014-07-30 16:24:49

Stock Symbol: AEM (NYSE and TSX) TORONTO, July 30, 2014 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on its 2014 exploration activities. Highlights include: -- Expansion of IVR discovery in Nunavut - Exploration drilling has expanded the scope of the mineralization at the IVR property, located 50 kilometres northwest of the Meadowbank mine. A total...

2014-07-29 20:21:40

Maintains 2014 production guidance of 101,000 - 106,000 boe per day CALGARY, July 29, 2014 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("Penn West", "we", "our", "us" or the "Company") today reported second quarter 2014 average production of 108,130 barrels of oil equivalent ("boe") per day (64 percent oil and liquids) and maintained 2014 production guidance of 101,000 - 106,000 boe per day. Penn West also reported other key operating results for the second...

2014-07-28 12:24:15

Strong Momentum for Advanced Modern Land Rigs Increases the Pace of Operational Demands on the Company WEST CHESTER, Pa., July 28, 2014 /PRNewswire/ -- Schramm, Inc., a world class manufacturer of mobile, land-based hydraulic drill rigs used extensively in the global energy industry, announced today that industry veteran Bobby Bryan has been appointed to the newly created position of Chief Operating Officer (COO) based in West Chester, PA. The position was created to manage the...

2014-07-24 16:22:59

HAMILTON, Bermuda, July 24, 2014 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) today announced that its Board of Directors has approved a 50% increase in the Company's quarterly cash dividend. A dividend of $0.06 per common share will be paid on September 30, 2014, to shareholders of record at the close of business on September 9, 2014. Tony Petrello, Nabors' Chairman and CEO, commented, "The Board's increase in the dividend reflects the financial strength of the Company and...

2014-07-23 23:13:17

GN Solids Control System for oil gas drilling rig gets the CE markeing for entering the Europe market, gives the signal to show the Chinese made high standard drilling products are now accepting and popularizing in the developed countries. Houton,Texas (PRWEB) July 23, 2014 GN Oil gas drilling solids control system complete line of products get the CE marking certificate for entering Europe market by DNV. Recent years, Chinese drilling equipment manufacturers are growing fast. Now more...

2014-07-22 20:21:12

Second-Quarter Highlights Include: HAMILTON, Bermuda, July 22, 2014 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) today reported its financial results for the second quarter of 2014. Operating revenues and earnings from unconsolidated affiliates for this quarter totaled $1.62 billion, compared to $1.50 billion in the same quarter of the prior year and $1.59 billion in the first quarter of 2014. Net income from continuing operations was $65.7 million or $0.21 per diluted...

2014-07-22 12:24:04

SPRING, Texas, July 22, 2014 /PRNewswire/ -- Integrated Drilling Equipment Holdings Corp. ("IDE") (OTC: IRIG) announced today the appointment of Jim Terry, 60, as chief executive officer, effective immediately. Mr. Terry replaces the former CEO, Stephen Cope, who resigned in April of this year. Effective with his CEO appointment, Mr. Terry will also become a member of IDE's Board of Directors. Prior to his appointment, Jim Terry was the CEO and President of Particle Drilling...


Word of the Day
lambent
  • Licking.
  • Hence Running along or over a surface, as if in the act of licking; flowing over or along; lapping or bathing; softly bright; gleaming.
This word comes the Latin 'lambere,' to lick.
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