July 18 (Reuters) - Contract drilling company Helmerich & Payne Inc. said its unit and Southeast Texas Industrial Services Inc. entered into a contract for the assembly of drilling-rig components.

The current malaise in the oil industry has placed a renewed emphasis on measures to cut costs, as producers struggle with the realities of sub $50-a-barrel oil. One of the more interesting ...

SNYDER, Texas, Aug. 28 /PRNewswire-FirstCall/ -- PATTERSON-UTI ENERGY, INC. (Nasdaq: PTEN) today announced that it has entered into an agreement to purchase ...

The current malaise in the oil industry has placed a renewed emphasis on measures to cut costs, as producers struggle with the realities of sub $50-a-barrel oil. One of the more interesting ...

A German engineering and fabrication firm has designed new AC drawworks suitable for Arctic drilling conditions. Bentec GMBH Drilling & Oilfield Systems, based in Bad Bentheim, finished the prototype ...

Jack up rig construction in the US generates an average of $374 million in direct revenue each year and employs about 2,500 people in the Gulf Coast. Although employment is small relative to other ...