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 ...

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 total number of active drilling rigs for oil and gas in the United States decreased this week, with oil rigs declining by 65 year over year, while gas rigs increased. Despite the fall in active ...

'There is no sign of a blasting price war emerging between OPEC+ and U.S. shale oil producers', SEB Chief Commodities Analyst Bjarne Schieldrop said. Image by Agustina Torres via iStock OPEC+ did not ...

March WTI crude oil (CLH26) today is up +1.61 (+2.71%), and March RBOB gasoline (RBH26) is up +0.0314 (+1.71%). Crude oil and gasoline prices are sharply higher today, with crude oil posting a 1-week ...

An increasingly hot-button issue, oil rigs have become the physical embodiment of larger economic and environmental debates, garnering praise from conservative politicians and the ire of environmental ...

Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...