Velesto, which has a current fleet of six wholly owned jack-up rigs and two hydraulic workover units, has a stated long-term strategy to broaden its regional presence while maintaining high ...

The number of total drilling rigs in the U.S. fell for the fourth consecutive week, down by 10 to 566 for the biggest weekly decline in total rigs since September 2023, Baker Hughes reports.

Tie rig a slip bobber, first slide a pre-tied bobber stop on the line. / Joe Shead To rig a slip bobber, slide a manufactured slip bobber stop onto your line. (Or you can tie your own slip bobber ...

EON Resources Inc. reported its Q1 2025 earnings, revealing an earnings per share (EPS) of -0.11, surpassing the forecasted -0.15. Despite this beat, the company’s revenue fell short of ...

Energean said in a trading update today that it has awarded a contract to NOV (National Oilwell Varco) for the upgrade of the FPSO topsides related to mono ethylen glycol (MEG) treatment ...

Crude prices maintained their gains Friday after Baker Hughes reported that active US oil rigs fell to a 3-1/2 year low, a harbinger of lower future US crude production. Don’t Miss a Day ...

A helicopter blade “narrowly missed” an oil rig worker after it broke while they were trying to secure the aircraft to a helipad during high winds, an investigation has found. According to an ...

A helicopter blade “narrowly missed” an oil rig worker after it broke while they were trying to secure the aircraft to a helipad during high winds, an investigation has found. According to an Air ...