Shares of Pacific Drilling SA (PACD), an offshore drilling contractor, fell more than 10% on the NYSE to touch a 52-week low of $4.22 on Jan 5. The decline followed a fresh oil price slump. Most ...

There were a total of 1,983 oil and gas drilling rigs working in the US this week, down by 3 units from last week. The rig count for the week ended May 25 was up by 136 rigs compared with the same ...

Russia’s oil firms have reduced pace of drilling from last year’s record as the nation deepened its OPEC+ production cuts. Rigs drilled 14,370 kilometers (8,930 miles) of production wells in Russia ...

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be ...