A key risk in the overall sector is the cyclical nature of oil/gas prices which are beyond the control of the firm itself. According to its company website, "operators trust Weatherford to drive ...

Drilling rigs targeting crude oil in the U.S. slid by 6 to 472, while rigs directed at natural gas added 1 to 99 and 5 rigs were classified as miscellaneous. Baker Hughes said the decline brings ...

Driven by technology, regulations, and energy demand, its growth aligns with rising global oil production, projected to reach 104.5 million barrels/day by 2024. Advancements enhance safety and ...

I nvesting.com -- U.S. energy companies have reduced the number of operating oil and natural gas rigs for the third consecutive week, reaching the lowest level since December 2021, according to a ...

Offshore oil rigs in Southern California. Aerial photography by Drew Bird Photography. Image is available for media use. Credit: www.DrewBirdPhoto.com. The Center for Biological Diversity is a ...

With 199 rigs running, the count is 8 fewer than the 207 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 31, bringing the count to 139 rigs for the week.