Independence Contract Drilling’s Anthony Gallegos: Industry will also have to embrace focus on returns instead of growth in order to attract, retain investors By Linda Hsieh, Editor & Publisher Anthony Gallegos is President and CEO of Independence Contract Drilling (ICD). Looking at the 30-plus rigs in ICD’s fleet, what do you see as the biggest challenges that you face as a land rig contractor? It’s not unique to ICD, but the biggest challenge today is the workforce – attracting, developing and retaining a skilled and motivated workforce. A lot of young people today don’t necessarily want to go into an industry like ours, where it can be very labor intensive. You work in the elements, and the work sites are often in ...

The exploration sector heads into 2020 facing increasing pressure from the energy transition. The shift to a low-carbon world poses a fundamental challenge...

ADES has announced that it has extended the contract for the ADMARINE 261 in Saudi Arabia. The performance of the high-efficiency jackup rig ADMARINE 261 has resulted in a contract extension of one-year, which will be effective upon the expiration of the current contract in February 2020...

Maersk Drilling has secured a two-well contract extension from Aker BP for the Maersk Integrator, an ultra-harsh environment, low-emission jackup rig...

Keppel Offshore & Marine has, through its wholly owned subsidiary Keppel FELS, made its first rig delivery in 2020 safely, on time and within budget...

Equinor has been awarded 23 new production licenses by the Ministry of Petroleum and Energy during the awards in predefined areas (APA) 2019 – 14 of the licenses are Equinor-operated and nine are partner-operated...

Maersk Drilling has been awarded contracts for a 3-well exploration drilling project by Total E&P Angola Block 32, Block 48 and Total E&P Namibia for the 7th generation drillship Maersk Voyager...

Maersk Drilling has been awarded a contract for the 7th generation drillship Maersk Valiant which will be employed by Noble Energy for a one-well campaign offshore Colombia...

The Bureau of Safety and Environmental Enforcement (BSEE) announced that, for the first time in history, oil production from the Gulf of Mexico exceeded 2 million barrels per day in August 2019...

Talos Energy has announced the finalization of the third-party contingent resource evaluation of the company’s globally recognized Zama discovery...