At latitude 71.3 north, it will be 140 miles closer to the pole than Russia's Prirazlomnoye platform in the eastern Pechora Sea—the only other offshore rig currently producing oil in Arctic ...

Global rig count hits 20-year low, signaling tighter oil supply and possible price surge. Stocks like Diamondback, Coterra, EOG and Occidental poised to benefit from efficient, low-cost production ...

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 oil and gas rig count, an early indicator of future output, fell by four to 559 in the week to June 6, the lowest since November 2021. Oil rigs fell by nine to 442 this week, while gas rigs ...

Rigs in the Eagle Ford are 11 below where they were this time last year. At 11:55 p.m. ET, the WTI benchmark was trading up $1.18 per barrel (+1.86%) on the day at $64.55, up more than $4 per ...

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes said in ...

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 ...

The Helldivers, a tight-knit band of adrenaline seekers that has remained strong for over 60 years, recently held its annual spearfishing rodeo.

A continued slide in the U.S. oil rig count is supportive of prices. It’s seen likely to curb U.S. output growth. Baker Hughes reports U.S. oil rigs down by nine this week to 442.

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, ... The U.S. oil rig count in January/February 2015 saw its biggest period-on-period fall since 1991, ...