The number of total drilling rigs in the U.S. fell for the fifth straight week, down by 3 to 563 to the lowest level since November 2021, Baker Hughes reported.

The oil industry’s worst nightmare came true on July 6, 1988. The Piper Alpha oil platform suffered a catastrophic explosion, leaving most workers trapped in an inferno at sea. This disaster led to ...

The number of rigs drilling for oil in the U.S. shed 1 to 473 this week, their lowest level since January, gas rigs also dropped 1 to 100, and 3 rigs remained classified as miscellaneous.

Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on the number of natural gas and oil rigs for the third consecutive week for the first since mid-April. The ...

Baker Hughes reported last Friday that active US oil rigs in the week ending May 9 fell -5 to 474 rigs, just above the 3-1/4 year low of 472 rigs posted on January 24. The number of US oil rigs ...

For the week ended May 16, the rig count in Canada stood at 121, according to Baker Hughes data. There were 6 additional oil-directed rigs working in Canada last week and 1 additional gas-directed ...

Drilling activity continues to decline as operators reduce their plans amid lower oil prices. Baker Hughes said Friday its U.S. rig count fell two rigs to 576 rigs for the week, the third ...

The Department of Mineral Resources in North Dakota said Friday that oil and gas operators have stated they will be reducing rigs and crews in response to lower oil prices. This move is likely to ...

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(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on ...

With fewer rigs and crews in the field, he told investors he sees output going down for the first time in a long time. It is “likely that U.S. onshore oil production has peaked and will begin to ...

The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May 9. Baker Hughes said this week's decline puts the total rig count down 25, or 4% below this ...