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The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply...

Valaris has announced that the company continues actively working to recover or replace the blowout preventer stack on the VALARIS DS-8 following a non-drilling incident earlier this month...

Due to the concerns regarding COVID-19, IADC is postponing and rescheduling IADC events and conferences as necessary. New dates for rescheduled events will be posted here...

According to a new assessment of oil markets by IHS Markit, current global output levels cannot be sustained throughout Q2 because oil storage capacity will fill up...

Murphy Oil has announced that Roger Jenkins, President and CEO has, pending test results, a presumptive diagnosis of COVID-19, and has taken a temporary medical leave...

Nabors has announced it is taking several actions in light of current market conditions, which have arisen from the combination of the COVID-19 outbreak and the ongoing dispute between two of the largest oil exporters...

Columbus McKinnon has launched its Intelli-Crane family of products. New from Columbus McKinnon, the Magnetek brand Intelli-Protect System is the first product in the Intelli-Crane portfolio, which leverages automation technology to improve customers’ safety, productivity, and uptime...

Precision Drilling has provided a series of announcements in response to the COVID-19 pandemic and current market conditions...

Chevron has announced several steps it is taking in response to market conditions...

Parker Drilling has announced that it has appointed Sandy Esslemont to serve as President and Chief Executive Officer...