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Drilling & Exploration
Drilling & Exploration News
Biden to increase fees for federal oil, gas drilling
Biden's administration proposed a slew of changes to the federal oil and gas leasing program including hiking royalty rates drillers must pay on their production and limiting areas that can be developed. Read more
Nov 26, 2021
Oil price jump puts Permian in full swing again
Crude oil production in the Permian Basin, the country’s largest oil field, is slated to move beyond its pre-pandemic high next month, according to the most recent U.S. Energy Information Administration (EIA) Drilling Productivity Report. Read more
Nov 19, 2021
Stena Drilling signed a new contract with ExxonMobil Canada
It is planned that the rig shall return to the Eastern Mediterranean upon completion of operations in Canada. Read more
Nov 19, 2021
