U.S. drilling activity remains steady with 592 rigs, but the Permian Basin sees a decline, falling three rigs to 301.

The number of active rigs drilling for oil and gas in the U.S. remained unchanged this week at 592, down by 37 rigs from this time last year, Baker Hughes said in its latest report.

The rig is part of a $300 million contract covering deepwater exploration offshore Brazil, where it will operate in water ...

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 ...

Giants like Chevron are increasingly prioritizing efficiency over substantial capital investments or quantitative expansion ...

The company has hired the Deepsea Atlantic semi-submersible rig from Odjfell Drilling’s fleet to drill the two exploration wells. The drilling activities are scheduled to start in April 2025.

With 199 rigs running, the count is 8 fewer than the 207 units drilling this week a year ago. Canada dropped 35 rigs for the week ended Mar. 14, according to Baker Hughes data. With 199 rigs ...

U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged, energy services firm Baker ...

Artificial intelligence is transforming oil and gas drilling, making once-infeasible projects viable and improving efficiency ...

Oil prices settle lower despite ongoing supply disruption concerns By Investing.com - Oct 11, 2024 1 Investing.com-- Oil prices settled lower Friday despite ongoing supply disruption concerns as ...

The Baker Hughes' U.S. rotary drilling rig count was 592 on March 7, down by one from the previous week, down by 30 from 622 a year ago and unchanged from two weeks ago. Over the last eight weeks the ...