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Offshore oil rigs are some of the largest structures on the ocean, they can operate at incredible depths and drill deeper ...
US oil and gas rig counts hit their lowest since 2021 as drilling activity slows due to lower prices and market uncertainty.
The latest EIA data showed that weekly U.S. crude oil production rose, from 13.387 million bpd to 13.392 million bpd. The ...
If you've ever seen an offshore drilling rig, you know they're absolutely massive. But are these huge rigs, which are essential for oil production, built?
Port Fourchon at the southern tip of Lafourche Parish is the go-to service station for offshore energy production, serving as ...
The Zacks Oil and Gas - Drilling industry consists of companies that provide rigs (or specialized vehicles) on a contractual basis to explore and develop oil and gas. These operators offer ...
The upper reaches of the fixed platforms feature a deck with space for living quarters, the drilling rig itself, and facilities for oil production. Out of the seven major types of offshore oil ...
Furthermore, directional drilling can be much more cost-effective. Oil rigs and their staff sometimes have day rates that are upwards of hundreds of thousands of dollars. With directional ...