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 ...

Sept 27 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes (BKR.O), opens new tab said in ...

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.

Opinions expressed by Forbes Contributors are their own. Robert Rapier is a chemical engineer covering the energy sector. One of the most popular articles I have ever written is Average Gasoline ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 1 this week ...

Massive, offshore rigs the size of skyscrapers remain at sea around the world. Here's why these environmentalists say some should be left alone. An oil rig in the Gulf of Mexico, off the coast of ...

Oil rig counts are an unreliable indicator of presidential success in the oil industry, as they are influenced by various factors like oil prices, technological advancements, and global events.

The United States is one of the world's largest oil producers, with production exceeding 16 million barrels per day. The country has around 600 operational rigs across several major oil-producing ...

NEW YORK (Reuters) -Oil prices fell on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and rising data showed a weekly rise in U.S. rig count. Brent crude ...

The total U.S. rig count is made up of 488 oil rigs, 96 gas rigs, and four miscellaneous rigs, according to the count, which showed that the total U.S. rig figure comprises 523 horizontal rigs ...