Baker Hughes, a leading energy services company, said that the U.S. firms cut back on the number oil and gas rigs for the second consecutive ...

- Iran's role in energy cooperation with Russia remains unclear, as it seeks to export Russian gas while struggling to process its own, expert on Iran energy issues says ...

Drilling activity showed a marginal increase for the first time in three weeks. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count edged one rig higher to come in at 593 ...

Baker Hughes, a leading energy services company, said that the U.S. added oil and gas rigs this week for the first time since three weeks. The number of oil and gas drilling rigs, a good indicator of ...

The ongoing European debt crisis is reviving interest in Brazilian oil and natural gas fields, with cash-rich oil companies seeking entry into one of the world's top frontiers. "The international ...

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Shell plc SHEL has completed the sale of its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria (SPDC), to Renaissance, a Nigerian-led consortium. This $1.3 billion ...

North America dropped 35 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on March 14. Although the total U.S. rig count remained unchanged ...

Salunda has announced it has launched the Latch Hawk 2 fingerboard latch monitoring device, with the aim of preventing dropped objects and improving safety during pipe handling on offshore drilling ...

Arab Finance: Shell, in partnership with Petronas, plans to invest around $300 million in drilling operations within the West Delta Deep Offshore Concession as part of Phase 11, according to Al ...

The world's worst offshore disaster was on the Piper Alpha rig in 1988 when 167 men died. Oil production has slowed in the past decade but new discoveries are still being made in the North Sea.