The Trump administration could be days away from proposing a five-year drilling plan that would open new waters off the ...

The total number of active drilling rigs for oil and gas in the United States fell this week, while weekly U.S. crude oil ...

CHARLOTTE HARBOR, Fla. -- A rusting oil rig perched on the muddy bottom of the Gulf of Mexico, notorious for its vast "dead zone" off the Mississippi Delta, might seem an unlikely setting for a ...

The number of oil and gas drilling rigs in the US fell by 4 to 546, down 39 rigs from last year at this time, or 6.6%, Baker Hughes said in its latest weekly report.

Workers move a section of well casing into place at a Chesapeake Energy well site in Bradford County in April of 2010. Jordon Bourque, a 23-year-old pipe inspector from Lafayette, La., talks to a ...

SAN FRANCISCO, March 30 (Reuters) - Hercules Offshore Inc is trying to sell retired rigs as the U.S. drilling contractor faces analyst concerns about its outlook and debt in a tough market for oil and ...

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors ...

Check here for weekly updated oil and gas drilling rig counts in the Permian Basin, New Mexico and Texas, reported by Baker Hughes. New Mexico saw no change to its rig count in the last week, as of ...

Learn the difference between horizontal and vertical drilling, and why we think vertical drilling is the way to go.

The sale includes the Topaz Driller jackup rig, operating in the Malaysia-Thailand Joint Development Area, and the Soehanah jackup rig, owned by Rig Finance Ltd. (RFL), which operates in Indonesia.

Transocean Ltd (NYSE: RIG) provides offshore contract drilling services for the oil and gas industry. They have a fleet of 34 mobile offshore drilling units, which consist of 26 ultra-deepwater ...