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U.S. oil and gas drilling rigs hit their lowest count since 2021, with declines in major basins and continued monthly drops.
Drillers packing up gear, rig count drops, potential signal of tighter oil supply. Investors should watch oil stocks, favoring efficient producers.
Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they stay in place? Here's what we know.
The total rig count in Canada is up 7 from last week and up 7 from the same period a year ago.
If you've ever seen an offshore drilling rig, you know they're absolutely massive. But are these huge rigs, which are essential for oil production, built?
The total North America rig count stands at 715, according to Baker Hughes' latest North America rotary rig count.
The increased rig count could signal that the market was not as shocked as some had feared by oil prices briefly plummeting below $60 per barrel.
The number of oil rigs fell by 9 to 480—down by 26 compared to this time last year.
North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
The number of active rigs drilling for oil and gas in the U.S. fell for a second consecutive week, shedding 2 to 590, Baker Hughes said in its latest report.
The in-depth story of the Ocean Ranger Oil Rig Disaster 1982. It’s Sunday, February 14, 1982, and as a storm is approaching Newfoundland from the south, a shore-based radio operator of the ...