The rig count in the Permian Basin was down three this week, the latest count Friday by Baker Hughes shows, with 279 rigs active in the region. A year ago, 312 rigs were active in the region.

Tie rig a slip bobber, first slide a pre-tied bobber stop on the line. / Joe Shead To rig a slip bobber, slide a manufactured slip bobber stop onto your line. (Or you can tie your own slip bobber ...

Velesto on Friday confirmed the award of the new charter for its jack-up rig Naga 8. The firm 48-month contract, which is due to commence in July, encompasses 12 firm wells and three optional ...

US operators in the Lower 48 expect to reduce their rig counts later this year amid global market volatility, officials with drilling contractor Nabors Industries said on Wednesday. Nabors ...

The total rig count in Canada is up 7 from last week and up 7 from the same period a year ago. The rig count in Canada ended the week with 7 additional rigs running. For the week ended May 16 ...

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 ...

A pedestrian was killed early Friday morning after she was struck by a big-rig on eastbound Highway 37 in Vallejo, according to the California Highway Patrol. The crash occurred at about 3:20 a.m ...

Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.

Full Year Capital Expenditures: Approximately $115 million. Transocean Ltd (NYSE:RIG) delivered an adjusted EBITDA of $244 million on $906 million of contract drilling revenues, resulting in an ...

Baker Hughes said this week's decline puts the total rig count down 25, or 4% below this time last year. Baker Hughes said oil rigs fell by five to 474 this week, their lowest since January, while ...