U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time ...

Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.

The total number of active oil and gas drilling rigs in the United States has decreased again this week, alongside a dip in ...

Long before offshore oil rigs are put together, much less sent out into the open ocean, they're expertly designed. Schematics are drawn up, and in many cases, engineers will take these plans and ...

More rigs, which meant more money and more oil and, eventually, too much oil, driving a bust. GILDEA: Since COVID, what we're seeing is investors are actually demanding more discipline.

Recent California oil spills—like the 25,000 gallons that leaked from a broken pipeline connected to a rig—have left many environmental groups wary of any oil infrastructure, regardless of ...

The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on boosting shareholder ...

Deepwater Oil Rigs May Fetch $600,000 a Day as Spending Expands. Noble CEO sees demand growth boosting rates starting in 2026; Deepwater spending forecast to reach $79 billion through 2027 ...

Permian — the most prolific basin in the United States — recorded a weekly oil rig count of 306, lower than a week-ago figure of 309. The number increased in five of the prior 11 weeks.

Kevin O'Connor spends four weeks at a time working on an offshore oil rig. While the views are breathtaking, the loneliness can take a toll on him and his crew.

Long before offshore oil rigs are put together, much less sent out into the open ocean, they're expertly designed. Schematics are drawn up, and in many cases, engineers will take these plans and ...