So we’ll have an asset that will produce something over 1 million barrels a day for many, many years into the future.” ...

The number of active rigs drilling for oil and gas in the U.S. rose by 6 to 582, after the count fell by 4 a week earlier to its lowest since December 2021, Baker Hughes said Friday in its latest ...

U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks ... as robust demand for natural gas equipment and services helped offset weak sales of its drilling gear ...

U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks ... as robust demand for natural gas equipment and services helped offset weak sales of its drilling gear ...

The rig count in Canada ended the week with an additional 13 rigs running. For the week, the rig count in Canada stood at 258. The rig count in Canada ended the week with an additional 13 rigs ...

But most of the drilling leases already granted to companies in the oil-rich Gulf are idle and unused, and they’ll stay that way until the United States’ record-breaking production rates wane ...

Oil prices settled lower on Friday, as investors assessed economic data indicating a decline in US crude demand and an increase in drilling activity for the first ... data from Baker Hughes showed ...

He explained that most of those who left fishing lacked the necessary skills to be absorbed into the oil sector. Besides, he said, the demand for casual labourers in the oil industry is low.

The count is 68 rigs or 11% below the 624 counted last year. The number of rigs drilling for crude oil was up 2 rigs to 158 for the week but remains 212 rigs or 57% below the 370 reported last year.

Aberdeen became the oil capital of Europe and an estimated half a million jobs were created by the industry over the decades. The world's worst offshore disaster was on the Piper Alpha rig in 1988 ...

Oil prices deepened their losses on Wednesday as investors parsed data showing higher-than-expected US crude inventories, breaking a nine-week streak of declines. Brent crude futures for March ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, after a 4-rig drop in the week prior. The ...