Statoil is awarding Aker Solutions a contract today for hiring of an entirely new type of rig, which represents an important technological advance for the industry. The category B rig will represent ...

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The drilling market is buoyed by newly designed rigs but hampered by bottlenecks in manufacturing “smart iron.” It’s old news that drilling is increasing and day rates are rising, spurring rig ...

Even though more than 1,000 rigs are inactive in the US, drilling contractors are building new land rigs to satisfy operator demand for improved technology. In the case of Nabors Drilling USA LP, ...