Despite operational setbacks, PetroTal Corp (PTALF) showcases resilience with strong cash flow and strategic investments for ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.

The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore ...

Ranger Energy Services posted strong Q2 2025 earnings, driven by improved margins and the debut of its new hybrid e-rig, ECHO ...

The oil and gas rig count in North America, which never quite returned to prepandemic levels, has been steadily declining since hitting a peak in late 2022, according to data from Baker Hughes BKR ...

The number of active oil rigs in Saudi Arabia fell after several oil-field projects aimed at maintaining production capacity ...

That’s an especially big challenge as drilling rigs target areas outside the traditional oil patch and as older workers retire from the industry, said Rep. Doug Lamborn, R-Colo.

The history of Oil Rocks dates to the Soviet era. In the late 1940s, oil workers landed on a tiny island and built a drilling rig and a small house for accommodation. The first exploratory well ...