Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and ...

By John Lee. The Iraqi Drilling Company (IDC) has announced the successful drilling of 13 new oil wells and the ...

U.S. rig count increases for the second week in a row, marking the first consecutive rise since February, according to Baker ...

The total number of active drilling rigs for oil and gas in the United States rose again this week, according to new data ...

Many oil and gas company executives initially celebrated Trump's return to the White House, but now that optimism for higher ...

The PV Drilling 8 rig, newly acquired in 2024, is slated to commence operations in Vietnam by September, while PV Drilling 6 ...

Chief executive Kevin Neveu says Precision expects to spend $200 million this year, a reduction of $25 million from its earlier forecast.

U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker ...

U.S. drilling activity sees a slight uptick with two additional rigs, marking the first increase in four weeks.

Egypt’s General Petroleum Company announced that it has commenced operation of the first of three 1,000-hp modern drilling ...

Oil prices dropped this week due to tariff uncertainty and potential OPEC+ production increases, impacting company strategies ...