The total number of active drilling rigs for oil and gas in the United States rose by 1 this week, according to new data that ...

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 ...

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 ...

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 ...

The US drilling rig count increased by 2 units to 588 rigs working during the week ended Feb. 14, data from Baker Hughes indicate. The added rigs are evenly split, one oil-targeted, and one ...

Italian energy giant Eni has extended its use of a premium shallow-water jack-up drilling rig in Mexico and has remaining ...