These tantalizing secrets, hidden in a limestone and gypsum landscape known as karst, lie above still more ancient riches: the country’s largest technically recoverable oil and gas reserves ...

China is going full Jules Verne as it prepares to go where no drill has gone before. As part of its Deep Ocean Drilling ...

West Texas oil executives, who were some of Donald Trump's biggest supporters last election, say the president's trade and ...

US producers have also announced that they would cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest since November 2021, according to data from Baker Hughes.

Calgary-headquartered Cenovus Energy has shut in almost a quarter of a million barrels per day of oil production and evacuated non-essential personnel from its Christina Lake oil sands asset ...

The number of rigs drilling offshore increased by 2 to 13. US oil-directed rigs decreased by 4 from last week to reach 461 units. This time a year ago, 496 units were drilling for oil. Rigs ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row, energy services firm Baker Hughes said in its closely followed report on May 30. It was the ...

May 30 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest since November 2021, energy services firm Baker Hughes ...

A year ago, 310 rigs were active in the region. Nationally, the oil and gas rig count is down three from last week at 563 rigs. A year ago, 600 rigs were active. The count shows that 461 rigs ...

Drilling activity continues to remain at levels not seen in over three years, declining for a fifth consecutive week — the first time that has happened since September 2023. Oilfield services ...