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 ...

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 ...

A burning oil rig has collapsed in Siberia. Several people were seriously injured in the accident. Supreme Court deals new blow to Donald Trump on immigration 10 Paint Colors That Can Make Your ...

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The number of rigs drilling for oil in the U.S. fell by 5 to 474 this week, their lowest level since January and 22 fewer than at the same time last year, gas rigs remained unchanged at 101 ...

(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 ...

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 ...

North American drilling activity declined for the week, with 692 rotary rigs working in the US and Canada. Fewer oil-directed rigs drove the decline. North American drilling activity declined for ...

said that the U.S. oil and gas companies have reduced their number of operating oil and natural-gas rigs to its lowest level since January. The number of oil and gas rigs, a good indicator of future ...

the lowest level since January and 22 rigs or 4% below the 496 seeking crude oil last May. The number of rigs was unchanged at 101 rigs and is down two rigs or 2% from 103 last year. Texas bucked ...