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 ...

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 ...

ARO Drilling, a joint venture between Aramco and Valaris, and International Maritime Industries (IMI) have signed an ...

Petroleo Brasileiro SA has requested authorization from Brazil’s environment protection agency to prepare a drilling rig for work at a disputed offshore exploration project, a sign that the ...

The world's worst offshore disaster was on the Piper Alpha rig in 1988 when 167 men died. Oil production has slowed in the past decade but new discoveries are still being made in the North Sea.

It is advisable to work with a seasoned tax professional before setting up an offshore account or business. The Caymans provide services such as offshore banking, offshore trusts, and the ...

Tugboats are supporting the towage of offshore drilling rigs, damaged ships, newbuilds and floating docks Tug owners are handling large structures in tight harbour areas and canals, manoeuvring ...

Baker Hughes noted that oil rig numbers decreased by six to 472, while gas rigs saw a slight increase of one, reaching 99. In the Permian Basin, said to be the country's largest o ...

Commissions do not affect our editors' opinions or evaluations. Many people hear the words “offshore banking” and think of tax evasion or other illegal activity. But there are perfectly legal ...

Floater specialist BW Offshore has been awarded a contract for the pre-FEED study of the Bay du Nord FPSO by Norwegian oil major Equinor. Andreas Sohmen-Pao’s company said in a social media post ...

President Trump paused an offshore wind project aimed at fighting climate change. Reporter Sabrina Shankman explains why and the fallout to political reporter James Pindell. (Photo by David L.