Helmerich & Payne, Patterson-UTI Energy downgraded at Citi, expecting lower oil prices will result in ~75 rigs being dropped and a push by E&Ps for rate concessions for drilling equipment.

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

Marketed as unsinkable, the Ocean Ranger vanished beneath the waves during a brutal storm—killing all 84 aboard.

Jack-up rigs are typically used for shallow-water oil and gas drilling operations. Valaris Ltd operates a global fleet of drillships, semisubmersibles and jack-up rigs.

There’s some evidence this happened briefly in early April, when prices dropped and so did active oil rigs, said Matt Smith at the analytics firm Kpler. “It's a clear signal that we hit that ...

US drillers cut the number of oil rigs operating for the first time in three weeks, data from oilfield services provider Baker Hughes showed. The oil rig count, an early indicator of future output, ...

May 2 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes (BKR.O), opens new tab said ...

A couple in North Attleboro, Massachusetts has a warning for home owners after their oil tank leaked in their yard and left them with a massive clean up bill. They say a simple move could have ...

June WTI crude oil (CLM25) Wednesday closed down -2.21 (-3.66%), and June RBOB gasoline (RBM25) closed down -0.0393 (-1.91%). Crude oil and gasoline prices on Wednesday extended this week’s ...

Some of the biggest US shale-oil producers plan to slash about 4% of their drilling rigs by the end of the year, according to a survey from one of the largest providers of the equipment. The ...

In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other companies that were heavily sold down. Wall Street’s main indices finished stronger on ...

Koch Inc., the conglomerate controlled by the billionaire Koch family, is exiting oil and refined products trading globally to pull back from speculation and push into areas with more attractive ...