Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

The total number of active drilling rigs for oil and gas in the United States saw fell this week, according to new data that Baker Hughes published on Friday, after holding steady in the week prior.

In the past, oil and gas drillers in the United States would invariably activate every dormant drilling rig they could locate and rent whenever commodity prices rose substantially. They would not only ...

Offshore oil drilling contractor Seadrill expects the market for its rigs to remain depressed until late 2021, the Oslo-listed firm said on Friday as it continued talks with creditors over a debt ...

The drilling rig count in Canada increased during the week ended Aug. 15, led by a gain in oil-directed rigs. Baker Hughes’ overall tally of active drilling rigs in Canada increased 3 units to 183.