CIT Group Inc.has arranged a $60 million senior secured credit facility for Independence Contract Drilling (ICD), a vertically integrated premium land drilling services provider, to build a fleet of fast moving land-based oil and gas programmable AC drilling rigs. 

We hear a lot of noise these days from people who call themselves environmentalists. They come from all walks of life.

National Oil Companies (NOCs) are transforming themselves into lean, professionally managed enterprises, shaking off old criticisms of being overstaffed and underfunded.

Cretaceous age TMS garnering attention

Harvey Gulf International Marine has secured plans to construct and operate the first LNG marine fueling facility in the United States, to be located at its vessel facility in Port Fourchon, Louisiana.

For the first time in over two decades, the UK government will review the country's offshore oil and gas industry that the sector remains a vital contributor to the UK economy.

Oilfield services company Express Energy Services has named David Brunnert as executive vice president and COO.

An affiliate of H.I.G. Capital LLC, a global private equity firm with more than $12 billion of capital under management, has invested in Holland Services, a land services company focused on the energy sector.

Forum Energy Technologies Inc. (NYSE:FET) and Quantum Energy Partners have entered into a definitive agreement to jointly acquire Global Tubing from ARC Financial Corp., a Calgary-based private equity firm, and a group of investors.