In its relatively short lifespan, horizontal directional drilling has gone from boom to bust and is now making its way back up again. The used equipment market for drill rigs has followed this cycle.

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

STOCKHOLM, Jan. 15, 2024 /PRNewswire/ -- Sandvik has received its largest ever order for surface drill rigs, valued at SEK 248 million. The order from US-based Sandvik dealer Country Boy Supply, LLC, ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

Two yellow masts peek high above the jam-packed city streets of Brooklyn, New York. While it was not obvious to passersby, Urban Foundation/Engineering was using two state-of-the-art BAUER BG Drilling ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...