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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.

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

Adnoc Drilling has won a $1.5bn contract from fellow Abu Dhabi National Oil Company (Adnoc Group) subsidiary Adnoc Offshore to provide two jack-up rigs to support its offshore oil and gas operations.

Fair Value and Profit Drivers Due to evaluating our rig count assumptions and productivity for EOG, we are raising our fair value estimate to $118 from $109.

A Houston-based oil company has rebuffed the authority of the California Coastal Commission in a bid to revive drilling off the coast of Santa Barbara.

The number of active U.S. oil and gas drilling rigs fell for the second consecutive week, amidst a decline in US crude oil production and a drop in oil prices.

One additional rig was drilling for gas in the US this week, bringing the weekly total to 103. There were 482 units drilling for oil this week, down 19 from this time last year.

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Rig Count by Type: The number of vertical drilling rigs totaled 17 units, in line with the week-ago count.