Offshore oil rigs have made it possible to collect oil and natural gas from below the ocean's floor, appearing as massive megastructures in the middle of open water. Given their sheer size and ...

- Trump's steel and aluminum tariffs and rising trade war fears aid the fall in oil prices ...

North American drilling activity declined for the week, with 692 rotary rigs working in the US and Canada. Fewer oil-directed rigs drove the decline. North American drilling activity declined for ...

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on ...

With crude prices at multi-year lows, the US oil industry is at a "tipping point," a top energy exec said. A historic production boom is at jeopardy if prices don't stabilize. America's oil boom ...

Tariffs on consumables such as imported steel, OCTG, cement, and drilling fluids result in near-immediate price increases that will see higher costs passed directly to operators, Wood Mackenzie ...

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 ...

Baker Hughes reported unexpectedly a drop in the number of active oil rigs in the US. The drop tends to imply that oil demand in the US may have been reduced forcing producers to shut down some ...

The Texas company trimmed its own full-year production forecast this week, and said in a letter to investors that it expects onshore oil rigs across the entire U.S. industry to drop by almost 10% ...