Trump on Friday ordered new sanctions against Iran, targeting companies, vessels, and individuals accused of supplying Tehran ...

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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 its ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely ...

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 ...

The number of total oil and gas drilling rigs in the US fell for the seventh consecutive week, down by 4 to 555 to the lowest count since November 2021, Baker Hughes reported.

These floating oil rigs are mobile and are fit for deeper, rougher waters. They in water between 1,600 and 10,000 feet and drill up to 6.2 miles.

Associated gases put oil rigs in a real lose-lose scenario: burning the gas is an environmental hazard of its own, ... In 2021 alone, 144 billion cubic meters of gas was flared globally.

The number of oil rigs fell by 4 to 461 after falling by 8 during the previous week—and down by 35 compared to this time last year. The number of gas rigs rose by 1 this week, to 99 for a loss ...