Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

Drilling activity’s decline has reached nine weeks, falling to levels not seen in nearly four years. Oilfield services company Baker Hughes said Friday its weekly U.S. rig count sank seven rigs to 547 ...

HOUSTON, Aug 5 (Reuters) - The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could ...