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U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy ...
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If you've ever seen an offshore drilling rig, you know they're absolutely massive. But are these huge rigs, which are ...
The number of total drilling rigs in the U.S. fell sharply during the past week, declining by 6 to 578, Baker Hughes said in its latest weekly survey.
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 ...
Interior said Friday that a rule implemented in 2024 to impose supplemental financial bond requirements on offshore drilling ...
With crude prices at multi-year lows, the US oil industry is at a "tipping point," a top energy exec said. A historic production boom is at jeopardy if prices don't stabilize. America's oil boom ...
With WTI below $60 a barrel, oil rig counts are apt to decline and could eventually slow U.S. output enough to begin offering price support, “especially if accompanied by other key non-OPEC ...
The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the ...
Baker Hughes reported a loss of four oil rigs to 479 last week, the lowest since the end of January and down 20 from a year earlier. “With higher OPEC+ supply growth this month, next ...
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