The last count showed 422 active U.S. oil rigs in operation. That’s comparable to when the pandemic depressed demand for ...

The total number of active drilling rigs in the United States increased this week, driven by a rise in gas rigs, even as oil ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes ...

CEO William Andrew Hendricks stated that “the second quarter saw several macro events take place that raised the volatility in the oil markets.” He highlighted that oil prices fluctuated between the ...

Offshore-Oil-Drilling-Rigs News: Norway Oil Workers Threaten To Strike, Keppel Posts Lower Q2 Profit, Warns On Rig Outlook, Keppel Shuts Down Three Yards In. Tuesday, July 16, 2024.

FILE – A large plume of smoke rises from fires on BP’s Deepwater Horizon offshore oil rig in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana’s tip on April 2010.