The number of active rigs drilling for oil and gas in the U.S. rose by 2 to 588 for a third consecutive weekly gain, Baker Hughes said.

China has launched a new ultradeep drilling campaign, aiming to unlock oil and gas resources from depths exceeding 8,000 ...

Drilling activity posted a third consecutive weekly increase, the first such trend since December 2023. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count was up two rigs to 588 ...