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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 ...

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 ...

Drilling activity across the industry has recently surged as the price of oil has recovered. The demand for available rigs has increased and hourly cost of rigs is rising once again. According to an ...