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 ...

Oil rig counts are an unreliable indicator of presidential success in the oil industry, as they are influenced by various factors like oil prices, technological advancements, and global events.

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 ...

Try as so many private and government organizations might, switching everywhere on Earth over to clean, renewable energy — including some strange sources being explored — is still a long way away.

(Reuters) - U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time since May 2022, energy services firm Baker Hughes said in its closely followed ...

The total number of active drilling rigs in the United States increased by 7 to 544 rigs this week, according to Baker Hughes. The rise was primarily driven by a gain of 9 gas rigs, reaching a total ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. MIDLAND, TX - JULY 29: President Donald Trump speaks to city ...

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 ...

Long-range drones operated by the Special Operations Centre Alpha of the Security Service of Ukraine (SSU) have struck a third oil rig owned by Russian energy giant Lukoil in the Caspian Sea in recent ...

Kailem Donovan, 37, from Middlesborough, England, works on oil rigs in the North and Baltic seas. Donovan works 12-hour shifts but gets three weeks of holiday every three weeks working on the rig. He ...

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 ...