The number of active oil rigs worldwide fell by 70 year-on-year (YoY) in April to 1,616, according to data from oilfield services company Baker Hughes. The total was also down by 110 rigs compared ...

The announcement Friday came after three Gulf Coast states asked the Trump administration to intervene. The Interior Department announced plans Friday to walk back changes under former President ...

Baker Hughes reported a loss of four oil rigs to 479 last week, the lowest since the end of January and down 20 from a year earlier. “With higher OPEC+ supply growth this month, next ...

ADNOC Drilling has secured a major $806 million contract from ADNOC Offshore for three new-generation island rigs to support the expansion of the offshore Zakum development, the company announced ...

NEW YORK (Reuters) -Oil prices fell over 1% lower on Friday and recorded for their biggest weekly losses since the end of March, as traders turned cautious ahead of an OPEC+ meeting to decide the ...

The U.S. Coast Guard has set up over 15,000 feet of boom to contain the spill off of the coast of Plaquemines Parish. An 83-year-old well is gushing a mixture of crude oil and natural gas into ...

NEW YORK (Reuters) -Oil prices fell over 1% lower on Friday and recorded for their biggest weekly losses since the end of March, as traders turned cautious ahead of an OPEC+ meeting to decide the ...

but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales. Upstream companies often face significant financial hurdles since drilling and mining ...

BP has reached an $18.7 billion settlement with the federal government and five states, effectively ending litigation stemming from the 2010 Deepwater Horizon rig explosion and subsequent oil spill.

Natural gas up 5%, nears trigger point for rally on talk of output cuts By Investing.com - May 15, 2023 3 Investing.com -- Talk of output cuts is beginning to influence trading in U.S. natural gas ...

Victims losing over $600,000 in a fraud scheme has led police to lay more charges against a Toronto man already accused of scamming over $250,000 from a Mississauga woman. The scams happened ...

That’s down 21 rigs or 3% from 605 rigs last year. The number of rigs seeking crude oil dropped four rigs to 479 rigs, down 20 rigs or 4% from 499 rigs last year. The number of rigs drilling for ...