LONDON--(BUSINESS WIRE)--Technavio has been monitoring the mobile offshore drilling unit (MODU) market and it is poised to grow by USD 4.92 bn during 2019-2023, progressing at a CAGR of almost 9% ...

Unit Corporation has delivered strong returns, driven by production growth and new investor interest, but now approaches fair value. Recent drilling reversed production declines, validating asset ...

Unit Corporation operates in two segments, Oil and Natural Gas and Contract Drilling. This diversification allows the company to leverage opportunities across different aspects of the oil and gas ...

Unit Corporation's subsidiary, Unit Drilling Company, has closed an acquisition to purchase a subsidiary of Strata Drilling LLC for $10.5 million in cash. Unit Corporation's subsidiary, Unit Drilling ...

U.S.-based classification ABS on Wednesday announced it is expanding its partnership with Singaporean shipbuilding group Seatrium to advance cutting-edge marine and technology projects that target ...

Unit Corp. increased its proved reserves by 29 percent in 2012 and found more than three times as much new oil, gas and liquids than it produced last year, the Tulsa-based contract drilling and ...

The Kulluk, a conical drilling unit, was safely towed to a harbor on Kodiak Island in the Gulf of Alaska where it will undergo a thorough safety assessment before resuming its journey to its winter ...

On Nov. 7, Pennsylvania Gov. Tom Wolf signed into law Senate Bill No. 694 that permits cross-unit drilling for unconventional oil and gas wells. This new law takes effect on Jan. 6, 2020. A cross-unit ...