U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, ...

The Caspian Sea, also referred to as the world's "biggest lake," is home to one of the most unusual oil rigs ever seen. Bananas will not spoil or become mushy if not stored with 1 common ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

Manuj Nikhanj, Enverus chief executive officer, noted that in 2024 the top 10 public operators represented 56% of production out of the Top 50 on a barrel of oil equivalent per day basis. That figure ...

Designed to assist offshore oil rigs, it cost around 2.97bn dollars to build. The world's largest crane ship, which is capable of lifting oil rigs, has set sail from its shipyard in South Korea ...

A decline in rig counts can signal reduced exploration and drilling activities, resulting in a slowdown in oil production over time. According to Statista, there has been a noticeable decline in ...

In the Permian Basin in West Texas and eastern New Mexico, the nation's biggest oil-producing shale basin, the rig count fell by six in the week to 298, the lowest since February 2022. That six ...

Working on an oil rig has always been my dream job ... Now working on the rigs, I have more vacation, which is a big plus as a parent. The money is good as well. An offshore worker can earn ...