The number of active U.S. oil and gas drilling rigs fell for the second consecutive week, amidst a decline in US crude oil production and a drop in oil prices.

Leidos outlines an intriguing plan to acquire oil rigs and convert them to everything from maintenance to medical hubs. Find ...

Despite deregulation efforts and calls for increased production, U.S. oil drilling activity has fallen to near post-pandemic lows due to low oil prices, cost inflation, and changing industry dynamics.

The total U.S. rig count is made up of 478 oil rigs, 98 gas rigs, and four miscellaneous rigs, according to the count, which revealed that the U.S. total comprises 515 horizontal rigs, 52 ...

The oligarch Vagit Alekperov is Russia's official richest man after being behind the country's biggest oil company.

Alaska's political leaders are cheering an executive order that aims to boost oil and gas drilling, mining and logging in the ...

Nigeria’s oil production has hit a rough patch despite a 100 percent increase in the number of active drilling rigs in a sector that accounts for a significant chunk of government revenue and foreign ...

As promised, President Donald Trump began reversing the country’s energy policies his first day in office with a spate of ...

The president is also expected to direct the Interior Department to swiftly develop a new plan for selling offshore drilling ...