JP Morgan analyst Arun Jayaram upped Noble Corporation plc (NYSE:NE)’s stock from “Neutral” to an “Overweight” rating and set ...

operators is that this oil ... work." Industry insiders have highlighted that the rising cost of drilling is causing production to plateau after reaching an all-time high last year. Weekly rig ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest ...

Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they ...

North Sea rigger Peter Iain Campbell explained to Royal Museums Greenwich that "on a rig you tend to have 12 hours of work (the busier the better to be honest) and 12 hours of down time." Another ...

US oil and gas rig counts hit their lowest since 2021 as drilling activity slows due to lower prices and market uncertainty.

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 ...

The oil and gas rig count fell by three to 563 in the week to May 30. Baker Hughes said this week's decline puts the total count down 37 rigs, or 6%, from this time last year.

US drillers pumped a record amount of oil in March, but the final number came in lower than government figures previously ...

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 ...