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.

The active rig count in the US was up by 4 units for the week ended Feb. 7 with 586 rigs running, according to Baker Hughes data.

Analysts have recently evaluated Seadrill and provided 12-month price targets. The average target is $67.2, accompanied by a ...

The number of active rigs drilling for oil and gas in the U.S. rose by 4 to 586, Baker Hughes said in its latest weekly report.

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services firm Baker Hughes said in its closely followed report on ...

A bill preventing future presidents from unilaterally banning hydraulic fracking is on its way to the Senate after passing ...

US oil and gas drilling operator Noble has secured a new contract worth approximately $70m from Shell for its semi-submersible rig, Noble Developer, in the Americas. The agreement, which includes ...

French energy major TotalEnergies has started drilling the first of the planned two wells in oil and gas blocks offshore ...

Prio, a Brazilian oil company, is in discussions to purchase the remaining 60% stake in the offshore Peregrino oilfield from ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

The operator plans to exploit Hercules, along with other nearby discoveries. Beach last year filed an offshore project ...