Driller

Global Smart Mining Market to Grow US$ 43,511.2 Mn by end of 2028, Says Coherent Market Insights

Retrieved on: 
Monday, January 31, 2022

The report also examines the growth prospects of the market in terms of revenue, market share, and geographic distribution.

Key Points: 
  • The report also examines the growth prospects of the market in terms of revenue, market share, and geographic distribution.
  • With smart mining solutions, workers can do their routine operations in a cleaner, safer, and more efficient environment.
  • Besides, real-time monitoring of equipment is possible with smart mining solutions, thereby further enhancing the safety of the workers.
  • Among regions, North America is expected to witness significant growth in the global smart mining market during the forecast period.

Global Smart Mining Market to Grow US$ 43,511.2 Mn by end of 2028, Says Coherent Market Insights

Retrieved on: 
Monday, January 31, 2022

The report also examines the growth prospects of the market in terms of revenue, market share, and geographic distribution.

Key Points: 
  • The report also examines the growth prospects of the market in terms of revenue, market share, and geographic distribution.
  • With smart mining solutions, workers can do their routine operations in a cleaner, safer, and more efficient environment.
  • Besides, real-time monitoring of equipment is possible with smart mining solutions, thereby further enhancing the safety of the workers.
  • Among regions, North America is expected to witness significant growth in the global smart mining market during the forecast period.

ADES International Holding plc Declares Cash Offer by Innovative Energy Holding Ltd Unconditional

Retrieved on: 
Thursday, April 22, 2021

Over the last four years we have delivered on this strategy and transformed ADES International from a local, offshore-focused driller in Egypt, to a regional champion with a significant asset base across both the on- and offshore segments.

Key Points: 
  • Over the last four years we have delivered on this strategy and transformed ADES International from a local, offshore-focused driller in Egypt, to a regional champion with a significant asset base across both the on- and offshore segments.
  • In addition, as part of the wider vision of the Company, the operational headquarters of the ADES International group will be relocated to the Kingdom of Saudi Arabia.
  • ADES International is a leading regional oil and gas drilling services provider and we are pleased to be its partner of choice.
  • This important move aligns closely with PIF\xe2\x80\x99s strategic objective to build partnerships and localize knowledge as outlined in the PIF Program 2021-2025.

Generational Equity Advises GEDCO Drilling & Coring in Sale to Innovative Environmental Technologies

Retrieved on: 
Thursday, February 18, 2021

Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of GEDCO Drilling & Coring, Inc. to Innovative Environmental Technologies, Inc.

Key Points: 
  • Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of GEDCO Drilling & Coring, Inc. to Innovative Environmental Technologies, Inc.
  • Located in Irving, Texas, GEDCO Drilling & Coring (GEDCO) is an independent drilling contractor founded in 2000 and has established itself as a premier drilling contractor in Texas as well as neighboring states.
  • GEDCO's founder, Cliff L. Rigby, a Licensed Driller with over 30 years of environmental and geotechnical drilling experience, will continue to manage the division.
  • IET provides turn-key design and implementation services to environmental consulting companies as well as providing environmental drilling and geotechnical services.

Vantage Drilling International Announces Contract for the Topaz Driller

Retrieved on: 
Tuesday, June 30, 2020

HOUSTON, June 30, 2020 (GLOBE NEWSWIRE) -- Vantage Drilling International (Vantage or the Company), announced today that it has entered into a contract with Eni Montenegro BV (Eni) for its premium jackup rig, the Topaz Driller, to perform drilling services offshore of Montenegro for 180 days.

Key Points: 
  • HOUSTON, June 30, 2020 (GLOBE NEWSWIRE) -- Vantage Drilling International (Vantage or the Company), announced today that it has entered into a contract with Eni Montenegro BV (Eni) for its premium jackup rig, the Topaz Driller, to perform drilling services offshore of Montenegro for 180 days.
  • Ihab Toma, the Companys Chief Executive Officer, commented, We are very pleased to announce this contract with our client Eni for the Topaz Driller in Montenegro.
  • Securing this contract during these challenging times demonstrates that Vantage, with its high-specification rigs and experienced crews, is a leader in safety and operational performance.
  • Vantage Drilling International, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships, and five premium jackup drilling rigs.

Transocean Ltd. Announces Contract Award for Development Driller III

Retrieved on: 
Thursday, December 12, 2019

STEINHAUSEN, Switzerland, Dec. 12, 2019 (GLOBE NEWSWIRE) -- Transocean Ltd.(NYSE: RIG) announced today that the semisubmersible Development Driller III has been awarded a one year contract off the coast of Trinidad and Tobago.

Key Points: 
  • STEINHAUSEN, Switzerland, Dec. 12, 2019 (GLOBE NEWSWIRE) -- Transocean Ltd.(NYSE: RIG) announced today that the semisubmersible Development Driller III has been awarded a one year contract off the coast of Trinidad and Tobago.
  • The contract is expected to commence in the second quarter 2020 and will contribute approximately $91 million dollars of contract backlog, excluding mobilization reimbursement.
  • Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.
  • Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean.

Measurement While Drilling (MWD) - Patenting and Technology Development Trends

Retrieved on: 
Monday, November 19, 2018

Measurement while drilling technology is a critical part of the oilfield drilling operations as it enables the driller to achieve precise well placement by efficient steering the drill bit in planned well path to reach the target in shortest possible time.Real-time formation evaluation measurements transmitted to the surface while drilling helps optimize drilling and improve recoverable reserves.

Key Points: 
  • Measurement while drilling technology is a critical part of the oilfield drilling operations as it enables the driller to achieve precise well placement by efficient steering the drill bit in planned well path to reach the target in shortest possible time.Real-time formation evaluation measurements transmitted to the surface while drilling helps optimize drilling and improve recoverable reserves.
  • Therefore recent development in MWD technology has been focussed on improving sensor capabilities together with advanced dual-telemetry systems.
  • In this study, we cover technology development trends and stakeholder initiatives in moving away from traditional MWD methods towards a more accurate and high speed data acquisition and transfer technologies.
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