"If oil does go into lower $60s or upper $50s, public independents that are already capital disciplined are going to have to cut their budget and cut rigs," said Bryan Sheffield, founder of energy ...

Experience the reasons behind the high salaries of workers on offshore oil rigs, where harsh conditions and demanding work lead to significant financial rewards. These employees endure extreme ...

(Reuters) - U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm ...

President Donald Trump says he wants to grow oil and gas production and advance the goal of what he calls U.S. “energy dominance.” The White House says that term means both reducing the amount ...

A pumping station and oil pipeline north of Fairbanks, Alaska, are part of the existing fossil fuel industry in the state. AP Photo/Al Grillo ...

Increased production efficiency counteracted a decrease in the number of active oil rigs, resulting in L48 production increasing 3% last year. Unlike in the L48 states, production in Alaska and ...

A flurry of actions, but the results... In the White House's vision, due to policy easing, US drillers would be eager to produce more crude oil, thereby lowering US oil prices to fulfill Trump's ...