The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the ...

The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year. The number of gas rigs rose by 2 this ...

Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a ...

Some of the biggest US shale-oil producers plan to slash about 4% of their drilling rigs by the end of the year, according to a survey from one of the largest providers of the equipment.