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Rig count still 6% below last year's level, Baker Hughes reports Permian Basin rig count falls to lowest since September 2021 EIA projects crude output rise despite forecasted price decline in 2025 ...

Transocean Ltd (NYSE:RIG) shares are tumbling in Wednesday’s after-hours session after the company announced a public offering. Check out RIG stock movement here. What Happened: After the market close ...

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. The total number of active drilling rigs for oil and gas in ...

Block’s Proto Rig and Proto Fleet aim to reduce upgrade costs and extend rig lifespans, giving miners a potential edge in a capital-intensive, increasingly AI-integrated industry. Bitcoin-focused ...

HOUSTON, Aug 5 (Reuters) - The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could ...

The miscellaneous rig count stayed the same at 5. The latest EIA data showed that weekly U.S. crude oil production dipped for the fourth week in a row in the week ending July 18, from 13.375 million ...

Transocean (NYSE:RIG), a company specializing in offshore drilling, has significantly lagged behind the broader S&P 500 index over the last twelve months, posting a decline of 45% compared to the S&P ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...