Texas and Louisiana Rig count dips

The price of WTI crude oil was down 2.5 percent to $58.46 per barrel on Friday after Baker Hughes A GE Co BHGE released its weekly U.S. rotary drill rig…

Rolls-Royce To Help Power New Drilling Rigs

Rolls-Royce said it has signed agreements for the supply of mooring equipment to drilling rigs under construction at Singapore’s KeppelFELS yard and China Merchants Heavy Industry’s facility in Jiangsu, China….