Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.

Offshore oil rigs have made it possible to collect oil and natural gas from below the ocean's floor, appearing as massive megastructures in the middle of open water. Given their sheer size and ...

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 ...

- In total, companies' combined net profits drop from approximately $259.2 billion in 2023 to $217.65 billion last year ...

The total U.S. rig count is made up of 483 oil rigs, 99 gas rigs, and five miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 527 horizontal rigs ...

We recently published a list of 12 Best Oil and Gas Penny Stocks to Invest in Now. In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other best oil ...

In an alternate 1988 where a supervolcanic eruption has devastated Earth's surface, brave and desperate Terranaut expeditions carve out a path to a supposedly massive crude oil deposit vital to ...

Welcome back to the Fluctus Channel for a special episode on life onboard offshore oil production platforms. In this episode, we will feature how oil rig workers spend their time offshore in one of ...

HOUSTON, May 16 (Reuters) - Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third ...

ships and oil rigs. Gyroscopes are devices that can sense orientation and the rate at which a moving object is turning, so they play an important role in inertial navigation systems. Those ...

(Reuters) -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 ...