"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 ...

Oil prices settle lower despite ongoing supply disruption concerns By Investing.com - Oct 11, 2024 Investing.com-- Oil prices settled lower Friday despite ongoing supply disruption concerns as traders ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 2 rig dip in the prior week.

(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 ...

Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials preparing policy responses for a drop in revenue such as issuing more ...

The Department of the Interior announced Thursday it would no longer require the Bureau of Land Management to produce an environmental impact statement for thousands of oil and gas leases in seven ...

Crude prices sagged below US$60 a barrel on Tuesday, but Canadian oil and gas executives, investors and analysts believe the sector is battle-tested and better positioned to withstand a storm than ...

The Keystone pipeline - an oil pipeline system in Canada and the United States - ruptured on Tuesday and started to spill oil after a large bang. The incident was reported around 7.45am local time ...

The total U.S. rig count is made up of 489 oil rigs, 96 gas rigs, and five miscellaneous rigs, according to the count, which revealed that the U.S. total comprises 529 horizontal rigs, 48 ...