These floating oil rigs are mobile and are fit for deeper, rougher waters. They in water between 1,600 and 10,000 feet and drill up to 6.2 miles.

It has been about a month since the last earnings report for Murphy Oil (MUR). Shares have added about 0.8% in that time frame, underperforming the S&P 500. Will the recent positive trend continue ...

Associated gases put oil rigs in a real lose-lose scenario: burning the gas is an environmental hazard of its own, but the alternative — venting the gas directly into the atmosphere — is just ...

The number of oil rigs fell by 4 to 461 after falling by 8 during the previous week—and down by 35 compared to this time last year. The number of gas rigs rose by 1 this week, to 99 for a loss ...

The total U.S. rig count is made up of 461 oil rigs, 99 gas rigs, and three miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 508 horizontal rigs ...

US drillers pumped a record amount of oil in March, but the final number came in lower than government figures previously indicated. Total liquids production rose to an all-time high of 20.8 ...

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 since November 2021, energy services firm Baker Hughes said in its closely ...

The impact was swift and brutal. Drilling wells in the U.S. dropped from 2,300 to just over 1,000 in a single year. The number of petroleum producers was cut in half, from more than 11,000 to 5,200.

The US drilling rig count decreased 3 units to reach 563 rigs working for the week ended May 30, according to Baker Hughes data. The count is down 37 units from the 600 rigs working this time a ...

A high-level overview of Murphy Oil Corporation (MUR) stock. View (MUR) real-time stock price, chart, news, analysis, analyst reviews and more.

The contraction could be swift if oil falls under $60 a barrel and remains there. For every dollar below that threshold, the I.E.A. estimates, five drilling rigs could be pulled out of U.S. fields.