In its relatively short lifespan, horizontal directional drilling has gone from boom to bust and is now making its way back up again. The used equipment market for drill rigs has followed this cycle.

Drilling in its broadest sense is any process that involves making a circular hole in a solid material or hard surface using a boring tool. With thousands of applications across industries, drilling ...

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 ...

Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.