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Air Products has plans for a $4.5 billion hydrogen manufacturing complex in Ascension Parish that would use carbon capture technology to capture emissions and inject 5 million tons of carbon dioxide ...

The number of rigs drilling for oil in the U.S. dipped by 1 to 438 this week, and gas rigs shed 2 to 111, and 5 rigs were classified as miscellaneous.

Nabors Drilling is introducing a new series of programmable AC electric (PACE) rigs. The rigs are being built in North America, the Middle East, and in China, and moving into many markets. The ...

Drilling for oil in miles-deep ocean water is booming again with rig-rental prices forecast to climb another 18% after doubling over the past couple years, according to Wood Mackenzie Ltd.

Active rigs drilling for oil and gas in the U.S. fell by 1 to 585 in the latest weekly report from Baker Hughes, the count's third decline in the past four weeks. Drilling rigs targeting crude oil ...

The Norwegian owners of two state-of-the-art deepwater drilling rigs are working hard to secure new contracts for the units which are currently unemployed despite their excellent track records and ...

Established in 1965, Wallis Drilling is an Australian-based family-owned business operating a fleet of drilling rigs in Australia and selected international markets. In 1974, while looking for a way ...

Precision Drilling's focus on Canada's robust oil market and U.S. natural gas basins could help it thrive despite low oil prices. Click to read why PDS is a Buy.

But as drilling hits a plateau, growth is decelerating. US oil output soared by more than 1mn barrels a day each year between 2012 and 2014, with production hitting a peak of 13mn in November 2019.