John Horjes, president of Alaska Materials, announced April 13 that the company has entered into a definitive agreement with US Mat Systems. The agreement includes "exclusive rights" to all US Mat ...

U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker ...

Petrobras received the PA-38 jack-up rig for Guaricema field shallow water well decommissioning about 9 km from the coast of ...

Officials said the plane crash that killed all three people on board emitted a fireball when it hit the ground, injuring a ...

Baker Hughes reported last Friday that active US oil rigs in the week ending March 28 fell -2 rigs to 484 rigs, mildly above the 3-year low of 472 rigs posted on January 24. The number of US oil ...

Those concerns were highlighted in the 1970s when episodes of sharply rising oil prices led to recessions, economic stagnation, and high inflation. However, recent gains in U.S. oil and natural ...

An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1).

In a phone call with NBC News on Sunday, Trump said he would put secondary tariffs on Russian oil if he believes it is at fault for the stalled ceasefire deal with Ukraine. “If Russia and I are unable ...

DoPS: Oilers’ Darnell Nurse pulling up on cross-check to Kings’ Byfield earns one game suspension — and no more than that The Day After 81.0: Fiery showdown between Oilers, Kings a preview of what’s ...

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

The oil and gas rig count, an early indicator of future output, fell by one to 592 in the week to March 28. Baker Hughes said this week's decline puts the total rig count down 29 rigs, or 5% below ...

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report ...