Drilling & Completion
Rig counts, drilling activity, completion techniques, and oilfield services.
Related Topics
Latest Drilling Stories
Adnoc Drilling on track for 5M b/d capacity by 2027
Adnoc Drilling is on track to achieve a 5 million barrel per day oil production capacity target by 2027. This progress continues despite concerns regarding infrastructure attacks and shipping disruptions in the Mideast Gulf.
Equinor secures contractors for $1.8 billion drilling project
Equinor has secured 18 services companies to support its upcoming drilling operations. The project is valued at $1.8 billion.
Velesto secures jackup drilling contract with Hibiscus offshore Malaysia
Velesto has secured its first asset-light jackup drilling contract with Hibiscus for an offshore campaign in Malaysia. The contract includes drilling services for eight plug and abandonment wells and one exploration well, with operations set to begin in May 2026. If exercised, the contract could extend to seven additional optional wells.
Texas adds oil and gas drilling rigs; New Mexico count remains unchanged
Texas added 2 oil and gas drilling rigs, bringing the total to 240, while New Mexico's count remained at 95. The Permian Basin has 242 rigs, down 43 from a year ago. Overall, the U.S. count increased by 1 to 548 rigs, down 30 from last year.
Weatherford awarded contracts for offshore drilling and intervention in Brazil
Weatherford International has secured two contracts with Constellation Oil Services for offshore operations in Brazil, focusing on well intervention and drilling activities. The first contract enhances services on the Gold Star semisubmersible, while the second supports a drilling campaign in the Búzios Field. Both contracts reinforce Weatherford's presence in Brazil's deepwater market and are set to run through 2028 and 2030, respectively.
Dolphin finalizes drilling contracts in UK and India
Dolphin has finalized a new drilling contract with Harbour in the UK and secured a short extension for operations in India. These developments indicate ongoing activity in the upstream sector.
Battalion Oil announces eight-well drilling program in Ward County, Texas
Battalion Oil Corporation has executed a Joint Development Agreement for an eight-well program in Monument Draw, Ward County, Texas. The initial phase will focus on a four-well pad targeting the 3rd Bone Spring and Wolfcamp formations, expected to prove over 100 additional drilling locations. This program aims to enhance hydrocarbon recovery and capital efficiency.
Expro acquires Enhanced Drilling for $215 million
Expro has announced the acquisition of Enhanced Drilling, a Norway-based offshore drilling services supplier, for $215 million. This acquisition aims to enhance Expro's capabilities in the drilling sector.
ADNOC Drilling acquires 80% stake in MB Petroleum Services
ADNOC Drilling completed its acquisition of an 80% stake in MB Petroleum Services, a joint venture with MB Holding Company, for $204 million. The deal includes 22 drilling and workover rigs across Oman, Kuwait, Saudi Arabia, and Bahrain, increasing ADNOC's total rig fleet to 170. MBPS results will be consolidated within ADNOC Drilling’s onshore segment starting from the closing date.
PV Drilling secures jackup contract with Zarubezhneft offshore Vietnam
PetroVietnam Drilling has secured a jackup contract with Zarubezhneft for a development drilling campaign at the Thien Nga–Hai Au field in Block 12/11 offshore Vietnam. The contract, lasting approximately 160 days, is expected to commence in October 2026.
EnQuest awards 3-year drilling contract for Magnus
EnQuest has awarded a three-year drilling contract for the Magnus field, set to commence in the third quarter of this year.
Big Oil increases interest in Alaska drilling amid Middle Eastern crisis
International oil companies are showing renewed interest in Alaska for drilling due to the ongoing Middle Eastern crisis. A recent lease sale in the National Petroleum Reserve attracted record bids totaling $163 million, with major companies like Exxon and Shell participating. Additionally, interest in the Alaska LNG project has increased as global LNG supply is affected by the crisis.
Vantage Drilling schedules Q1 2026 earnings release and conference call
Vantage Drilling International Ltd. announced it will host a conference call on May 26, 2026, to discuss its operating results for the first quarter of 2026. The earnings release will be available on the company's website prior to the call.
Borr Drilling Limited Announces First Quarter 2026 Results
HAMILTON, Bermuda, May 20, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three months ended March 31, 2026. Highlights First Quarter total operating revenues of $247.0 million, a decrease of $12.4...
EU energy ministers to discuss domestic gas drilling
EU energy ministers are set to discuss the topic of domestic gas drilling in an upcoming meeting. This conversation is part of broader efforts to address energy security and supply within the EU.
Norway offers up to 70 new oil and gas drilling permits
Norway has announced the availability of up to 70 new permits for oil and gas drilling. This move aims to boost exploration and production activities in the region.
EU energy ministers discuss local gas drilling amid supply concerns
European Union energy ministers are set to discuss the potential for domestic gas drilling in response to supply issues from the Middle East. Historically, the EU has relied on external gas suppliers, but with a ban on Russian gas approaching, there is renewed interest in local production despite concerns about climate goals. Domestic gas production in the EU has decreased by 50% over the past decade due to net-zero initiatives.
Keppel focuses on completing unfinished offshore drilling rigs
Keppel is shifting its focus towards completing unfinished offshore drilling rigs due to favorable market conditions. This strategic move aims to capitalize on the current demand in the drilling sector.
Precision Drilling to hold virtual 2026 Annual Meeting on May 14
Precision Drilling Corporation will conduct its virtual 2026 Annual Meeting of Shareholders on May 14, 2026, at 10:00 a.m. MST. Registered shareholders and proxyholders can participate in real-time voting and Q&A, while guests can listen without voting rights. Additional details are available in the Management Information Circular dated April 1, 2026.
Namcor seeks partner for drilling in Orange basin block
Namcor is searching for a partner to drill prospects estimated at 2 billion barrels in Petroleum Exploration Licence 79, located in very shallow water. This initiative aims to enhance exploration efforts in the Orange basin region.
Drilling FAQ
What is Drilling & Completion?
- Rig counts, drilling activity, completion techniques, and oilfield services.
How does Energy Marketplace cover Drilling?
- We aggregate and analyze news from dozens of industry sources covering Drilling & Completion. Our AI clusters related stories together so you can see the full picture of each development.
How often is Drilling coverage updated?
- Our Drilling coverage updates continuously throughout the trading day. Breaking news typically appears within minutes of publication.