Latest Oil well Stories

Trimble DPS900 Drilling and Piling System Enables Increased Quality and Productivity While Helping Promote Safer Operations SUNNYVALE, Calif., May 23, 2013 /PRNewswire/ -- Trimble (NASDAQ:TRMB) today introduced the Trimble(®) DPS900 Drilling and Piling System, a new machine control solution for drilling and piling contractors. Part of the Trimble Connected Site(®) portfolio, the new DPS900 system can enable contractors to perform drilling and piling operations quickly, safely and...

BEDFORD, Texas, May 23, 2013 /PRNewswire/ -- PetroTech Oil and Gas Inc. (OTC Pink: PTOG), announced today they have entered into an agreement to purchase solid controls equipment that will expand their services by offering waste management solutions for Oil and gas drilling, completion and work over operations. "In addition to the first five wells of 110 being worked over, we are pleased to be working with Solid Services Depot, a recognized industry leader in the manufacturing of...

ZUG, Switzerland, May 22, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation, will present at the Sanford C. Bernstein Strategic Decisions Conference in New York City on Wednesday, May 29, 2013 at 8:00 a.m. Central Daylight Time. A live webcast and presentation slides will be available at the time of the presentation in the "Investor Relations" section of the Company's Web...

HOUSTON, May 21, 2013 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its monthly report of drilling rig status and contract information has been updated as of May 20, 2013. The report titled "Monthly Fleet Status Report," can be found on the Company's website www.rowancompanies.com. (Logo: http://photos.prnewswire.com/prnh/20120827/DA62568LOGO) Notable events in the current report include: Gorilla IV: Awarded a six month...

HOUSTON, May 21, 2013 /PRNewswire/ -- Parker Drilling Company (NYSE:PKD) today announced, that in accordance with New York Stock Exchange rules regarding equity inducement awards, the Company has granted an equity inducement award of 261,438 restricted stock units to Christopher T. (Chris) Weber, its newly appointed Senior Vice President and Chief Financial Officer, on May 20, 2013. (Logo: http://photos.prnewswire.com/prnh/20050620/PARKERDRILLINGLOGO) The restricted stock units...

TSX: IMG    NYSE: IAG TORONTO, May 21, 2013 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced additional drilling results from its 100% owned Boto Gold Project in eastern Senegal, West Africa.  The Company is reporting assay results from 29 diamond drill holes totaling 7,325 metres completed between November 2012 and April 2013. The results are provided below in the Tables 1 and 2 and include the following highlights: Boto 2 prospect;...

SPOKANE, Wash., May 20, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the third well in the current drilling program at the East Slopes Project in Kern County, California. The Sunday #5 well was drilled to 2,044 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Sunday #5 well. This drilling rig has...

SUSQUEHANNA COUNTY, Pa., May 20, 2013 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) announces the use of Marcellus Shale natural gas to fracture wells via innovative dual fuel technology. This marks the first time "field" gas has been used in northeastern Pennsylvania for this purpose. The process of using clean-burning natural gas can displace up to 70 percent of the diesel fuel traditionally used to operate fracturing equipment. This successful effort was a partnership...

THE WOODLANDS, Texas, May 20, 2013 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) today announced that it has been awarded and has entered into a contract with the Kuwait Oil Company to provide drilling fluids and related services for land operations. The agreement has an initial term of up to five years, and subject to the customer's activity levels the Company estimates that revenues of up to $75 million may be generated under the contract. The Company expects that work under...

HOUSTON, May 20, 2013 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) announced that it has entered into an agreement for the sale of eleven inland barge rigs, which includes three active rigs, eight cold stacked rigs, and related assets ("Inland Asset Package") for cash proceeds of approximately $45 million. Excluded from the Inland Asset Package are the Hercules 27, for which the Company has a separate agreement to sell the rig to a third party for $5 million, the Hercules...