Drilling activity continues to trend upward, posting a second consecutive weekly gain. Oilfield services firm Baker Hughes said Friday its U.S. rig count rose four rigs to 586 rigs for the week.

By Georgina McCartney, Arathy Somasekhar and Sheila Dang HOUSTON (Reuters) -Growth in oil output from the U.S. Permian basin, ...

Global upstream M&A activity is expected to slow down in 2025 following a peak driven by US shale consolidation.