The total U.S. rig count is made up of 483 oil rigs, 102 gas rigs, and four miscellaneous rigs, according to the count, which revealed that the U.S. total comprises 527 horizontal rigs ...

Port of Spain: An oil rig sank in the waters off Trinidad Sunday, leaving one worker missing, the company and oil workers union said. The rig, operated by Well Services in the Gulf of Paria ...

AN investigation into the incident at Rig 110 will be launched, Minister of Energy Stuart Young said yesterday. A team was monitoring the response operations, he noted. Yesterday morning ...

Petrobras has let contracts to Seadrill Ltd. for two drilling rigs for work offshore Brazil. The ultra-deepwater drillship West Tellus was awarded a 1,095-day contract for Sépia and Atapu fields ...

Oil prices settle lower despite ongoing supply disruption concerns By Investing.com - Oct 11, 2024 Investing.com-- Oil prices settled lower Friday despite ongoing supply disruption concerns as traders ...

China’s oil demand is nearing a turning point as electric vehicles take a growing share of its vehicle market, the world’s largest. The country has long been the thirstiest consumer of crude.

In the U.S., the number of operating oil rigs was up one to 483 last week, the highest since September, Baker Hughes reported on Friday. Macquarie analysts projected a growing supply surplus for ...

but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales. Upstream companies often face significant financial hurdles since drilling and mining ...

The Liza Destiny became the first FPSO to extract oil from ExxonMobil’s prolific Stabroek block offshore Guyana, almost five years ago exactly, with the development becoming one of the ...

1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 516.69 USD 1 Barrel = 336 Pint Oil (WTI) Price Per 1 Pint 0.21 USD 1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1.67 USD 1 ...

It is designed to produce up to 180,000 barrels per day of oil, process 12 million cubic metres of gas per day and inject 250,000 bpd of water. The floater is equipped to handle a subsea ...