Key market opportunities in the Saudi Arabia drilling rigs market include the integration of advanced technologies like IoT and AI, driven by megaprojects such as NEOM, fostering increased demand for ...

Arabian Drilling Co. secured extensions for four rig contracts with Saudi Arabian Oil Co. (Saudi Aramco),adding more than SAR ...

Bermuda-registered rig owner Borr Drilling has received a notice of temporary suspension of operation for its rig Arabia II, which was on charter to Saudi Aramco in Saudi Arabia. The temporary ...

December WTI crude oil (CLZ25) today is down -0.33 (-0.55%), and December RBOB gasoline (RBZ25) is up +0.0290 (+1.52%). Crude oil and gasoline prices are mixed today, with crude falling to a 2-week ...

Nabors Industries continues to endure “pressure” in its US shale business as operators are still reacting to lower oil prices, chief executive Anthony Petrello said Wednesday. The drilling giant saw ...

Earnings call Borr Drilling posted Q3 2025 adjusted EBITDA of $135.6M (+2% QoQ) on revenue of $276.9M, with utilization near 98%. Management reaffirmed full-year EBITDA guidance of $455M–$470M despite ...

Offshore drilling contractor Shelf Drilling has received a notice from Saudi oil and gas giant Aramco to resume operations ...

Borr Drilling Limited (NYSE:BORR) Q3 2025 Earnings Call Transcript November 6, 2025 Operator: Good day and thank you for standing by. Welcome to the Borr Drilling Limited Q3 2025 Results Presentation ...

The Middle East offshore drilling rig market is undergoing a period of strategic recalibration following Saudi Aramco’s ...

The Chinese company UBTech Robotics, backed by Tencent Holdings, signed a $362 million contract in 2019 to develop AI ...

Oil prices have fallen despite a drop in the US rig count following news that Saudi Arabia could further boost output in an already glutted market. US benchmark West ...