Brava Energia’s acquisition of Petronas’ stake in two offshore assets marks Brazil’s first major M&A deal of 2026 and positions the company among the country’s top oil producers.

Offshore drilling contractor Northern Offshore has secured a contract for its Energy Emerger jack-up rig for a drilling operation at Yumna ...

The rig will be used by MOL to perform drilling of three development wells in the offshore Yumna Field in Block 50, Oman.

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A federal judge has refused to block a winter oil and gas exploration project in the National Petroleum Reserve-Alaska that ...

The total number of active drilling rigs for oil and gas in the United States fell by 1 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US ...

Idled oil rigs off the California coast could be back up and running soon if the federal government has its way. The Trump administration recently proposed a plan to open up the entire coast to new ...

Ukraine struck three Russian oil rigs operating in the Caspian Sea on Sunday following Moscow’s large-scale bombardment over the weekend that left thousands without heat or power in Kyiv. Footage ...

Italian energy giant Eni has extended its use of a premium shallow-water jack-up drilling rig in Mexico and has remaining options for an additional 240 days. Eni has a growing upstream business in ...

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards. One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s ...

Oil rigs, particularly the offshore type, are one of the most fascinating parts of the global energy industry. How do they work? How big can they get? Do they float on water? It's not surprising that ...

North America dropped 13 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on December 19. The total U.S. rig count dropped by six week on week ...