Crude prices maintained their gains Friday after Baker Hughes reported that active US oil rigs fell to a 3-1/2 year low, a harbinger of lower future US crude production. Don’t Miss a Day ...

A routine task turned into a financial catastrophe. This oil rig was worth $350 million - until workers made a fatal mistake. New Poll Reveals Gavin Newsom’s Approval Rating 11 Expensive ...

Oil rigs are structures used to extract crude oil and natural gas from beneath the Earth's surface, and there are many spread all over the globe. While most people think of offshore oil platforms ...

North Dakota oil and gas operators are preparing to reduce rigs and hydraulic fracturing crews due to falling oil prices, according to the state’s Department of Mineral Resources. With prices dropping ...

An increasingly hot-button issue, oil rigs have become the physical embodiment of larger economic and environmental debates, garnering praise from conservative politicians and the ire of ...

But then, the country struck the proverbial gold mine, when offshore oil was discovered in 2015. Production began about five years later. "Some persons saw it as a blessing: 'We're going to ...

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

U.S. energy producers this week cut the number of oil and natural gas rigs operating for the third week in a row for the first time since mid-April, energy services firm Baker Hughes said in its ...

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 ...

On the U.S. supply side, oil rigs fell by 1 to 473 this week, their lowest since January, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday.

April 20 marked 15 years since BP’s Deepwater Horizon rig exploded, releasing 134 million gallons of oil off the coast of Louisiana in the country’s largest oil spill. Oil gushed for nearly ...

Drilling activity continues to decline as operators reduce their plans amid lower oil prices. Baker Hughes said Friday its U.S. rig count fell two rigs to 576 rigs for the week, the third ...