LONDON--(BUSINESS WIRE)--New market research study by Technavio on the global workover rigs market projects the market to grow at a CAGR of more than 5% during the period 2019-2023. This research ...

South Texas Oil Company (OTCBB: STXX), announced today that it plans to significantly increase its production capacity through the acquisition of a drilling rig and a workover rig to be used at its ...

LAFAYETTE, La. (KLFY) — An expensive purchase by a local family-owned workover and drilling company is increasing the company’s ability to service its customers and provide employment.

28 September 2005 DHAHRAN - The overhauled drilling/workover rig SAR-102, retired and dismantled in 1999, is now back in service. In July, the project of overhauling the rig was declared complete - ...

Transerv Energy informed that fracture stimulation work has been successfully concluded at the Warro-5 well in WA’s Mid-West. The Warro-5 and Warro-6 wells are now being completed in preparation for ...

New rules for offshore drilling under consideration in Congress could create major competitive advantages for offshore contract drillers that have heavily invested in modern drilling fleets in recent ...

Indonesian independent MedcoEnergi is moving a workover rig to its CBM-SE-02 well at the Sekayu coalbed methane (CBM) exploration project in South Sumatra, project partner CBM Asia Development has ...

On April 14, 2016, the Department of the Interior (DOI), through the Bureau of Safety and Environmental Enforcement (BSEE), released a final rule establishing requirements for certain offshore oil and ...

Dec 5 (Reuters) - Schlumberger is selling its rig management business to a Canadian company that it part owns, as the world's largest oilfield services company sharpens its focus on providing services ...

In the last two articles in this series (found here and here), I discussed the positive impacts that the start-up of three new rigs would have on SeaDrill's (NYSE:SDRL) second quarter earnings. There ...

London-listed company President Energy has secured a workover rig for its upcoming campaign in Argentina. President has contracted the rig from Quintana Well Pro for a 12-month period for its ...