U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time ...

Eddy County, New Mexico, remains the most active county in the Permian with 44 rigs, down one for the week. Lea County, New ...

The total number of active oil and gas drilling rigs in the United States has decreased again this week, alongside a dip in ...

The number of total oil and gas drilling rigs in the U.S. fell by 2 to 537, the lowest total since October 2021 and posting its 11th consecutive weekly decline, Baker Hughes reported Friday in its ...

If you've ever seen an offshore drilling rig, you know they're absolutely massive. But are these huge rigs, which are essential for oil production, built?

Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they stay in place? Here's what we know.

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...

Oilfield services firm Baker Hughes said its weekly U.S. rig count fell eight rigs to 539 rigs, the lowest level since ...

The Biden administration has tightened offshore oil drilling safety regulations, including rules regarding the use of "blowout preventer" devices on offshore oil and gas drilling rigs.

Stay updated with essential financial indicators! Discover insights on Baker Hughes Rig Count & the U.S. Treasury's monthly ...

Energy Drilling in the Permian Is Lonely Work. A Rig Dog Can Help. When Bruno went missing, Alex Reyna lost a key member of his oil-field crew.

An oil drilling rig works in the Permian Basin in Texas. (Joe Raedle/Getty Images) American drillers are throttling back in a sign that oil producers are wary about prices slipping lower.