Salunda has announced it has launched the Latch Hawk 2 fingerboard latch monitoring device, with the aim of preventing dropped objects and improving safety during pipe handling on offshore drilling ...

Edge AI & IoT for Oil Rigs: Oil rigs often function in remote and extreme environments where real-time decision-making is crucial. NVIDIA’s AI-powered edge computing, combined with NVLink and ...

Aberdeen became the oil capital of Europe and an estimated half a million jobs were created by the industry over the decades. The world's worst offshore disaster was on the Piper Alpha rig in 1988 ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1).

Eleven people were killed. Two days later, the rig collapsed. Oil began seeping into the sea, and it continued to flow for almost three months. The Deepwater Horizon disaster is among the most ...

Migrants left stranded on the lower decks of a gas rig adrift in the Mediterranean Sea have made an urgent appeal for help as ...

One of the men took to social media to explain how they had set out from Libya and spent five days aboard a rubber dinghy before being shipwrecked at the rig in the Miskar oil and gas field ...

Thirty-two people were stranded on the British Gas-managed oil platform in the Mediterranean for several days Thirty-two migrants attempting to cross the Mediterranean have been rescued by an NGO ...

A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries that have repeatedly delayed production increases will now move forward ...

The total U.S. rig count is made up of 486 oil rigs, 102 gas rigs, and five miscellaneous rigs, according to the count, which revealed that the U.S. total comprises 533 horizontal rigs ...