Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

According to The Athletic, the bid to try and get back the Houston Oilers once again was in talks this offseason for the ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy ...

Offshore rig market faces a challenging year ahead, with falling dayrates and weak demand amid contract suspensions and ...

Edge AI & IoT for Oil Rigs: Oil rigs often function in remote and extreme environments where real-time decision-making is crucial. NVIDIA’s AI-powered edge computing, combined with NVLink and ...

Aberdeen became the oil capital of Europe and an estimated half a million jobs were created by the industry over the decades. The world's worst offshore disaster was on the Piper Alpha rig in 1988 ...

The total U.S. rig count is made up of 486 oil rigs, 101 gas rigs, and five miscellaneous rigs, according to the count, which revealed that the U.S. total comprises 531 horizontal rigs ...

Oil rigs are critical for supplying the world with energy but working on a rig is not without its risks. In the eighties, a horror diving accident saw five men die after an unprecedented change ...

Baker Hughes (BKR) reports that the U.S. rig count is down 1 from last week to 592 with oil rigs unchanged at 486, gas rigs down 1 to 101 and miscellaneous rigs unchanged at 5. The U.S. Rig Count ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The ...

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior.

One additional rig was drilling offshore for a total of 14 rigs working for the week. US oil-directed rigs were unchanged from last week at 486 units. A year ago, 504 units were drilling for oil.