US oil and gas drilling rig activity increased this week with the addition of 7 rigs, bringing the total working rigs to 549. This week’s count, however, is down 38 rigs from the comparable period a ...

North America dropped five rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on May 30. The U.S. dropped three rigs week on week and Canada cut ...

The overall drilling rig count in North America is down 7 units to 717 the week ended Aug. 1, with drops in oil-directed rigs accounting for much of the decline. The overall drilling rig count in ...

Traders work in the crude oil and natural gas options pit of the New York Mercantile Exchange years ago. An oilfield operator who owns small stripper wells in Oklahoma is nervous. A long-time ...

The geology and science behind oil drilling can be quite interesting and important for understanding which companies are the right fit for your investment. When people talk about oil drilling, many of ...

The Norwegian owners of two state-of-the-art deepwater drilling rigs are working hard to secure new contracts for the units which are currently unemployed despite their excellent track records and ...