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 ...

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 ...

These floating oil rigs are mobile and are fit for deeper, rougher waters. They in water between 1,600 and 10,000 feet and drill up to 6.2 miles.

(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 ...

The number of oil rigs fell by 4 to 461 after falling by 8 during the previous week—and down by 35 compared to this time last year. The number of gas rigs rose by 1 this week, to 99 for a loss ...

Get the U.S. Baker Hughes Oil Rig Count results in real time as they're announced and see the immediate global market impact.

Of the major oil and gas-producing states, four saw rig counts drop. New Mexico, Oklahoma, Ohio, and West Virginia each dropped a single unit to reach respective counts of 91, 52, 11, and 7.

The CSOL Prospector is currently off the Tasmanian coast on its way to the offshore Tui oil field in the South Taranaki Basin. The self-propelled 34,500 tonne rig is 105m long and 71m wide ...

According to the latest Baker-Hughes survey, U.S. oil rig count fell by eight w/w to a 42-month low of 465, good for 32 rigs lower from 12 months prior.

HOUSTON (Reuters) -U.S. crude futures fell on Friday as traders expected OPEC+ would decide on Saturday to boost oil output for July beyond previous forecasts. Brent crude futures settled down 25 ...

U.S. crude oil futures rose about 3% on Monday after OPEC+ increased production at a steady rate, easing investor fears that the group might boost output even faster. West Texas Intermediate ...