Audun Martinsen, head of supply chain research at Rystad, estimates that costs to develop offshore projects rose 12% between ...

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The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR), while West Texas Intermediate crude oil slipped ...

Baker Hughes, a leading energy services company, said that the U.S. oil and gas companies have cut back on the number of oil ...

Active rigs drilling for oil and gas in the U.S. fell by 1 to 585, ticking lower for the fourth time in five weeks, Baker Hughes said Friday in its latest weekly report. Drilling rigs targeting crude ...

Canadian oil rig number fell by 2 to 217. The Baker Hughes Rig Counts are an important business barometer for the drilling ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that ...

The price of oil has hit a six-week high amid fears over the escalating conflict in the Middle East. The market value of the benchmark Brent crude increased to almost $80 (£61) a barrel on Monday ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said on Oct. 4 in its closely followed report. The oil and ...

Oct 4 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes (BKR.O), opens new tab said on ...