Oil rigs are massive industrial complexes crucial for meeting global energy demands through oil and gas drilling and production. But these sophisticated structures come at a steep price, whether built ...

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 ...

The count is 42 rigs or 7% below the 630 reported last year. After jumping by five last week, the number of rigs drilling for crude oil remained ... gas last year. Texas bucked the national ...

In the third quarter, the rig count rose by six, the first quarterly increase since 2022. The number of rigs drilling for crude oil fell by four ... 116 last year. Texas bucked the national ...

The price to rent a deepwater drilling rig may climb to near record levels if demand from oil companies continues to increase in the coming years, according to the head of the world’s biggest ...

Baker Hughes said that puts the total rig count down 34 rigs, or 5.5%, below this time last year. U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week ...

Oil: Saudis Are Cutting? Well, U.S. Is Producing More and More By Barani Krishnan - Aug 19, 2023 93 U.S. crude production hits three-year highs for two weeks despite a 15% drop in drilling rigs.