Built to withstand extreme conditions and house hundreds of people, the size, complexity, and location of oil rigs makes ...

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 ...

Baker Hughes (BKR) reports that the U.S. rig count is down 2 from last week to 576 with oil rigs down 1 to 473, gas rigs down 1 to 100 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is ...

- Developments surrounding tariffs increase likelihood that US Fed's next interest rate cut may be delayed due to economic uncertainty ...

Oil has been powering the global economy for over a century, and its extraction is a highly complex and challenging process, ...

- 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 ...

(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 ...

HOUSTON, May 16 (Reuters) - Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third ...

The U.S. added two oil rigs and one natural gas rig in the week ending Friday. The increased rig count could signal that the market was not as shocked as some had feared by oil prices briefly ...

The total U.S. rig count is made up of 474 oil rigs, 101 gas rigs, and three miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 522 horizontal ...