Thousands of oil and gas rigs are becoming redundant around the world – and taking them out of service, known as decommissioning, is a multi-billion dollar business. It’s also a complex operation ...

In this file photo, a rig and supply vessel ... to keep drilling for more oil. As of 2023, there are almost 3,000 wells and 500 platforms that are overdue for decommissioning in the Gulf ...

Decommissioning the world’s ageing offshore oil and gas infrastructure can be dangerous, costly and complex, and progress so far has been far from encouraging ...

SANTA BARBARA, Calif.— The Biden administration today announced its intent to prepare a programmatic environmental analysis of the impacts of decommissioning oil and gas drilling platforms, pipelines ...

SANTA BARBARA, Calif.— The Biden administration today announced its intent to prepare a programmatic environmental analysis of the impacts of decommissioning oil and gas drilling platforms, pipelines ...

The count for oil grew to 479 rigs from 472 last week, while gas lost one rig to 98. Miscellaneous rigs were unchanged at five. The US had 499 oil, 117 gas and three miscellaneous rigs in ...

while oil prices saw an increase before the rig data release. Drilling activity in the Permian Basin experienced a slight decline, and the Eagle Ford rig count held steady, both showing decreases ...

The oil and gas rig count, an early indicator of future output, was steady at 592 in the week to March 14. , , . Sign up here. Baker Hughes said that puts the total rig count down 37, or about 6% ...