Burgas is Bulgaria's only oil refinery, and was a key part of Lukoil's foreign business empire, which is being threatened ...

Oil and gas producers will need to step up drilling to sustain or increase output due to rapid declines in production from existing wells, the U.S. Energy Information Administration said on Tuesday.

Kazakhstan's crude oil production excluding gas condensate declined 10% last month to 1.69 million barrels per day, still ...

In its August 29 rig count, Baker Hughes showed that North America cut seven rigs week on week. The company’s August 22 rig ...

RAM prices are going up, due to the huge demand for DRAM from AI data centres. Supply is now very scarce, particularly when ...

Baker Hughes, a leading energy services company, said that the U.S. oil and gas companies have cut back on the number of rigs ...

The total number of active drilling rigs for oil and gas in the United States fell this week, while weekly U.S. crude oil ...

Baker Hughes (BKR) reports that the U.S. rig count is down 4 from last week to 546 with oil rigs down 6 to 414, gas rigs up 4 to 125 ...

The rig count in the Permian Basin was up one this week, the latest count Friday by Baker Hughes shows, with 251 rigs active in the region. A year ago, 303 rigs were active in the region. Nationally, ...

The outlook change reflects a decrease in Borr’s contract backlog, which has reduced earnings visibility. Combined with Fitch’s lower through-the-cycle day rate assumptions, this has led to ...

Valaris plans to warm-stack a pair of soon-to-be idle semi-submersibles in Malaysia in the coming months while it searches ...

Feds charge NBA players and coach Chauncey Billups in a Mafia-backed gambling scam that rigged underground poker games across ...