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 ...

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.

The total U.S. rig count is made up of 488 oil rigs, 97 gas rigs, and five miscellaneous rigs, according to the count, which showed that the total U.S. rig figure comprises 523 horizontal rigs ...

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 ...

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 ...

- Increased regional tension in Middle East paves way for concerns about wider conflict and supply disruptions ...

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 said in its closely followed report on Sept. 27. The oil ...

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 ...

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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 ...