Oil rigs are critical for supplying the world with energy but working on a rig is not without its risks. In the eighties, a horror diving accident saw five men die after an unprecedented change ...

Oil prices are looking to finish the week in the green, with the pessimism that dominated the markets in the early part of the year beginning to dissipate.

Yes, the oil they retrieve could become fuel or some other petroleum product, but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales.

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior.

The oil and gas rig count, an early indicator of future output, rose by one to 593 in the week to March 21. Despite this week ...

The Eirik Raude will shortly begin a six-well drilling campaign operated by Premier Oil and Noble Energy. Two of the rig’s three supply vessels are in the Falklands along with three support ...

UK crude oil production is projected to average 0.53 million barrels per day in 2025 in the NSTA's updated output forecasts.

Ecuadorian state oil company Petroecuador said it might not be able to honor contractual commitments to export crude as it ...

Over 20 years they anticipate 255 million barrels of oil in a medium-case scenario. Ocean Rig UDW Inc. has officially announced that two of its drilling contracts have been terminated, one of them ...

Oil prices settle lower despite ongoing supply disruption concerns By Investing.com - Oct 11, 2024 1 Investing.com-- Oil prices settled lower Friday despite ongoing supply disruption concerns as ...

One of the men took to social media to explain how they had set out from Libya and spent five days aboard a rubber dinghy before being shipwrecked at the rig in the Miskar oil and gas field ...

Brazilian independent Prio has started drilling a first development well at the Wahoo pre-salt field in the country’s Campos ...