Offshore oil rigs have made it possible to collect oil and natural gas from below the ocean's floor, appearing as massive megastructures in the middle of open water. Given their sheer size and ...

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 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 ...

Total rig count falls six to 578, oil down five, gas steady Gulf of Mexico rig count drops to lowest since September 2021 Permian shale rig count hits lowest since December 2021 May 9 (Reuters ...

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.

The total U.S. rig count is made up of 479 oil rigs, 101 gas rigs, and four miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 523 horizontal rigs ...

- US president threatens to impose sanctions on Russia's oil sector if he believes Kremlin is not contributing to efforts to secure ceasefire in Ukraine ...

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 ...

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 2 rig increase in each of ...

May 2 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes (BKR.O), opens new tab said ...