A corresponding drop in U.S. production hasn’t yet materialized. Today’s rigs are more efficient, and new wells pump oil faster, so raw rig counts are losing some of their predictive power.

A 450-tonne decommissioned oil rig that has been transformed into an interactive art installation in Weston-super-Mare will open to the public from Saturday. Dubbed “See Monster”, the former ...

Featuring a 33ft waterfall and crowned with trees and sculptures, this 450-ton decommissioned oil rig will soon be transformed ... now be transformed into an art installation dubbed the See ...