Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

Rig utilisation in the deep-water Gulf of Mexico has slumped by 43% since the highs reached in late 2001. The US Minerals Management Service (MMS), the agency which governs offshore activity, touted ...

The active rig count in the US was up 4 units to 693 for the week shortened by the Good Friday holiday, Baker Hughes data indicated. US oil-directed increased by 2 units to 548 for the week ended Apr.

HOUSTON, Aug 5 (Reuters) - The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could ...