What are Mud Tanks? Mud tanks are large steel containers designed to store and circulate drilling fluids (often called “mud”) in the oil and gas industry. Drilling fluids are essential for cooling the drill bit, carrying rock cuttings to the surface, and maintaining pressure in the wellbore to prevent blowouts. This equipment is a critical…
Westwood analysis shows Namibia is the most promising deepwater rig demand hotspot. Exploration of Namibia’s Upper and Lower Cretaceous plays in the offshore Orange Basin have delivered nearly 5 Bbbl from nine wells since 2022, according to Westwood Global Energy Group. The seven exploration wells that followed up the Graff and Venus play opening discoveries…
