Helmerich & Payne (H&P) has seen nine more rig suspensions in Saudi Arabia, bringing its total paused rigs in the country to 26, the US driller said.

Baker Hughes reported last Friday that active US oil rigs in the week ending May 30 fell by -4 to a 3-1/2 year low of 461 rigs. The number of US oil rigs has fallen over the past two years from ...

Oilfield services company SLB expects second-quarter revenue and core profit to be about the same as the previous quarter due to weaker drilling activity in Saudi Arabia and Latin America, CEO Olivier ...

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient. ... and the gas rig count fell substantially at that time as well.

The 34 rig suspensions brought Saudi Aramco’s working fleet at the end of 2024 back to almost the same level it had been in 2022 when the expansion plans were launched.

IPO, with strong growth, pricing power, and a capital-light model, despite Aramco reliance. See why OMSE stock is a strong ...

Auto enthusiast Jay learns about oil prices amid Israel-Iran conflict from financial analyst friend, Juhi, discussing ...

Renewed conflict in the Middle East sent crude prices up like an Iron Dome, and then down like a retaliatory strike. US ...

Tensions at the Strait of Hormuz risk 20M bpd in crude oil flow, fueling a sharp rally in oil futures and boosting market volatility.

Helmerich & Payne (NYSE:HP) -0.9% in early trading Thursday after falling 4% in the previous session following disclosure that it received notices of contract suspensions for an additional nine ...

US shale oil production is unlikely to experience upside as West Texas Intermediate crude prices stay pressured near the mid ...