North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Drilling rig Transocean Enabler has struck oil in the Drivis Tubåen, an exploration well located 12 km from the Johan Castberg field. According to preliminary estimates, the size of the discovery is 9 ...

Equinor has announced a new oil discovery near its Johan Castberg field in the Arctic Barents Sea, which is expected to boost ...

As the sun sets on the oil industry, we explore the far-reaching impacts of shutting down rigs. What does this mean for the ...

GasBuddy's Patrick De Haan spoke with Fox News Digital on gas prices and markets opened slightly higher, oil down.

At latitude 71.3 north, it will be 140 miles closer to the pole than Russia's Prirazlomnoye platform in the eastern Pechora Sea—the only other offshore rig currently producing oil in Arctic ...

Drilling activity’s decline has stretched into an eighth week, the longest such stretch since September 2023. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count slipped one rig ...

ConocoPhillips Skandinavia has completed drilling a key appraisal well in the Norwegian Sea, further confirming the scale and ...

Cairn Oil & Gas plans to triple output to 300,000 boepd with $3–4 billion investment, new drilling in Rajasthan, Gujarat, and ...

Fate unclear for ban on oil drilling along Apalachicola River in north Florida There's unconfirmed rumors of a veto by Gov. DeSantis, and a planned rally in Apalachicola to boost the ban.

July WTI crude oil is up +4.20 (+6.17%), and July RBOB gasoline is up +0.0825 (-3.85%).Crude oil prices initially soared by +11% after news that Israel launched a major military strike on Iran ...

The oil rig count fell by three to 439 this week, its lowest since October 2021, while gas rigs slipped by one to 113. The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U ...