It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshore drilling rig for a cut-rate price—in fact, you ...

WEST GOSHEN – Chester County drilling rig maker Schramm Inc. has been sold following its June filing for Chapter 11 bankruptcy protection. The newly formed Schramm II Inc. (“Schramm”) has completed ...

(Alliance News) - Range Resources Ltd on Wednesday announced the sale of four drilling rigs and related equipment for USD3.6 million in cash to Wilson Energy Services Inc in a bid to cut costs and ...

BAAR, Switzerland: Weatherford International plc (NYSE: WFT) (the "Company" or "Weatherford") today announced it has completed the sale of two land drilling rigs that were relocated in Algeria and has ...

US drilling giant Noble has sold five jack-up rigs required for the merger with Danish counterpart Maersk Drilling, which was completed this week. The jack-ups Noble Hans Deul, Noble Sam Hartley, ...

HOUSTON, May 31, 2022 (GLOBE NEWSWIRE) -- Vantage Drilling International (“Vantage”), announces today that on May 27, 2022, its directly-held subsidiary, Vantage Holdings International (“VHI”), ...

The company has also made significant strategic moves, including the sale of three jack-up rigs and a 50% stake in the Gulfdrill joint venture to Gulf Drilling International (GDI) for $338 million.

WEST GOSHEN – Chester County drilling rig maker Schramm Inc. has been sold following its June filing for Chapter 11 bankruptcy protection. The newly formed Schramm II Inc. (“Schramm”) has completed ...