Singapore-based offshore contractor OceanSTAR Elite (OSE) has achieved a key construction milestone with the keel-laying of ...

Singapore-based offshore contractor OceanSTAR Elite (OSE) has achieved a key construction milestone with the keel-laying of ...

The number of total oil and gas drilling rigs in the US fell by 2 to 537, the lowest total since October 2021 and posting its 11th consecutive weekly decline, Baker Hughes reported.

Drillers packing up gear, rig count drops, potential signal of tighter oil supply. Investors should watch oil stocks, favoring efficient producers.

The total number of active drilling rigs for oil and gas in the United States came crashing down this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease ...

Built to withstand extreme conditions and house hundreds of people, the size, complexity, and location of oil rigs makes dismantling them a massive task.

U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on Friday.

If you've ever seen an offshore drilling rig, you know they're absolutely massive. But are these huge rigs, which are essential for oil production, built?

The increased rig count could signal that the market was not as shocked as some had feared by oil prices briefly plummeting below $60 per barrel.

U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Thursday. Baker Hughes ...

U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes ...

North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.