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.

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 ...

Oil Works, Inc. has been active in the oil and natural gas drilling industry for over 20 years. During this time, OWI has grown from a small repair shop to a full-service drilling rig equipment ...

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

Bitcoin mining hardware, also known as mining rigs, are computing devices made specifically to “guess” the correct bitcoin block hash as quickly and with as little power as possible. While the ...

Helmerich & Payne has maintained the dominant market share in U.S. horizontal land rigs (26%) for over a decade. H&P seeks to differentiate itself in the commoditized drilling services market by ...