While the spending package includes $8.1 billion for Taiwan and nations in the Pacific, the Navy plans to convert surplus oil rigs into mobile military bases. These bases will serve as resupply ...

NEW DELHI: The US Navy has embarked on an innovative yet contentious project to transform surplus oil rigs into mobile ... semi-permanent offshore military bases, noting their high costs ...

(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 ...

The oil and gas rig count, an early indicator of future output, fell by one to 592 in the week to March 28. Baker Hughes said this week's decline puts the total rig count down 29 rigs, or 5% below ...