Brazilian state-controlled oil company Petrobras has welcomed four commercial proposals in a tender to charter a jack-up ...

French supermajor TotalEnergies is in the process of contracting a drilling rig to carry out a new exploration campaign ...

Discover the top 7 undervalued Energy Equipment & Services stocks for Tuesday, January 21 based on AAII’s Stock Grades.

Yes, the oil they retrieve could become fuel or some other petroleum product, but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales.

Despite deregulation efforts and calls for increased production, U.S. oil drilling activity has fallen to near post-pandemic ...

US President Donald Trump revoked offshore oil and gas leasing bans that effectively blocked drilling in most US coastal ...

The overall drilling rig count in North America is up 9 units during the week ended Jan. 17, with Canada’s double-digit oil-directed rig count increase leading the way.

The US rig count continues to fall, with the number of oil and gas rigs deployed declining amid rising oil prices ...

The number of active rigs drilling for oil and gas in the U.S. fell by 4 to 580 to its lowest level since December 2021, Baker Hughes said.

Talos said it expects production in line with pre-drill estimates of approximately 15 to 20 thousand barrels of oil ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest ...

(Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second ... in 2025 would prompt producers to boost drilling activity this year after a 14% ...