Oil rigs are structures used to extract crude oil and natural gas from beneath the Earth's surface, and there are many spread all over the globe. While most people think of offshore oil platforms as ...

July WTI crude oil (CLN25) Friday closed up +0.33 (+0.54%) and July RBOB gasoline (RBN25) closed down -0.0169 (-0.81%). Crude oil and gasoline prices on Friday settled mixed, with gasoline sliding to ...

Later today, oil services and technology company Baker Hughes will release its U.S. rig count, which is the tally of active oil rigs in the country. Since the spring, rig count has declined, reaching ...

When you think about offshore oil rigs, what comes to mind is what you may have seen in movies — skeletal towers in the middle of a vast sea, some flares cutting through the darkness, and a crew that ...

Traders work in the crude oil and natural gas options pit of the New York Mercantile Exchange years ago. An oilfield operator who owns small stripper wells in Oklahoma is nervous. A long-time ...

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 537, ...

(Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its ...

Even before I could make out the silhouette of Platform Holly on the foggy horizon, I could see and smell oil. Ripples of iridescent liquid floated on the sea’s surface, reflecting the cloudy sky. But ...

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 549, ...