Also, rigs drilling for oil in the unconventional resource basins have been increasing their efficiency. This explains the increase in production. Read the following parts in the series to learn ...

Global rig count hits 20-year low, signaling tighter oil supply and possible price surge. Stocks like Diamondback, Coterra, EOG and Occidental poised to benefit from efficient, low-cost production ...

Baker Hughes’s (BHI) crude oil rig count decreased by 61. It decreased from 1,482 to 1,421. This is the steepest fall in the oil rig count since February 1991.

Saturday, Jun 23, 2012 BEIRUT (Zawya Dow Jones)--The Egyptian Petroleum Development Co. is considering buying a new oil rig at a total cost of more than $15 million, Cairo-based Al Youm Al Sabea daily ...

He attributed the steady growth in rig count to the enactment of the Petroleum Industry Act in 2021 and the commission’s unwavering commitment to increasing oil production in the country. Recall ...

Drilling rig on the coast of the Barents Sea. (Atle Staalesen/The Independent Barents Observer) On the 8th day of the UN Climate Conference, COP28, the Norwegian Petroleum Directorate approved a ...

Petrobel Uses Cisco Unified Communications To Bridge The Digital Divide Between Rigs And Headquarters And Bring Massive Cost SavingsCairo, April 15, 2008 - Cisco, worldwide networking leader, ...