TEHRAN- The managing director of the National Iranian Drilling Company (NIDC) said that purchasing 15 new drilling rigs for ...

Baker Hughes’s report found that compared to this week in 2024, there are 25 fewer onshore rigs and four fewer offshore rigs in the U.S. The active rig count in the U.S. stands at 587.

Petro-Victory Energy Corp. successfully completed drilling operations for the AND-5 well in Brazil’s Potiguar Basin, ...

Occidental Petroleum: Unpacking Its Onshore Oil & Gas Strength April 22, 2025 — 07:15 am EDT. ... (16 net rigs) and are forecast to bring 500 to 550 new wells online.

Petro-Victory Energy Corp. (TSXV: VRY) ("Petro-Victory" or the "Company") is pleased to announce that the drilling operations for the AND-5 well, in partnership with Azevedo & Travassos Energia ("ATE" ...

A North American energy slowdown, especially for onshore U.S. crude oil, is well underway and threatens to worsen both domestically and worldwide amid weaker commodity prices, recession fears, and ...

Rystad Energy expects onshore Lower-48 production will fall short of the record high output of 11.37 million barrels per day (bpd) of oil, achieved in November 2023, until at least June of this year.

Diamondback projects onshore oil rigs across the US industry will drop by almost 10% by the end of this quarter, and Chief Executive Officer Travis Stice wrote that American output is “at a ...