The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 million barrels ...

The Zacks Oil and Gas - Drilling industry operates in a volatile environment, influenced by rig availability, contracting activity, and capital expenditures rather than commodity prices alone. A 5% ...

This story was produced in partnership with the Pulitzer Center. It is part four in a four-part series. Read part one here, part two here and part three here. Correction: This article has been ...

Baker Hughes, a leading energy services company, said that the U.S. added oil and gas rigs this week for the first time since ...

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

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 ...

Those concerns were highlighted in the 1970s when episodes of sharply rising oil prices led to recessions, economic stagnation, and high inflation. However, recent gains in U.S. oil and natural ...

An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1).

This big bad red Kenworth C500 comes from a reader who works the oil fields in Alaska. That's not a sleeper on the back of the cab either. "There's a big triplex pump in there," said the reader.

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 ...