A Texas oil executive from Elon Musk’s government efficiency team has been tasked with overhauling the federal agency that ...

Drilling activity continues to hover at three-year lows as lower prices and market uncertainty prompt operators to cut back on their plans. Oilfield services firm Baker Hughes said Friday its U.S. rig ...

Baker Hughes, an energy services company, said Friday that U.S. firms have cut back on the number of natural gas and oil rigs for the fourth consecutive ...

The number of total drilling rigs in the U.S. fell for the fourth consecutive week, down by 10 to 566 for the biggest weekly decline in total rigs since September 2023, Baker Hughes reports.

- Developments surrounding tariffs increase likelihood that US Fed's next interest rate cut may be delayed due to economic uncertainty ...

The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May 9. Baker Hughes said this week's decline puts the total rig count down 25, or 4% below this ...

Offshore oil rigs have made it possible to collect oil and natural gas from below the ocean's floor, appearing as massive megastructures in the middle of open water. Given their sheer size and ...

The total U.S. rig count is made up of 483 oil rigs, 99 gas rigs, and five miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 527 horizontal rigs ...

(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 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 ...