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 waters.

Baker Hughes (BKR) reports that the U.S. rig count is down 4 from last week to 559 with oil rigs down 9 to 442, gas rigs up 5 to 114 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is ...

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 ...

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 ...

(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 ...

Offshore oil platforms grow nearer on the horizon. Behind the rigs, dark cumulonimbus clouds loom ominously as the 23-foot catamaran plows ahead. “ (Forget) it, I got a wetsuit on,” Paul Cozic ...

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.

Total drilling activity in North America decreased slightly the week ended June 6 with a total of 673 rigs working, reported Baker Hughes. A 2-rig gain in Canada helped offset a 4-rig loss in the ...

A deadly explosion aboard the Piper Alpha oil rig leaves the surviving crew scrambling to reach the evacuation helipad. But when they get there, they are stunned to find flames and smoke everywhere.