GlobalRigs is your go-to oilfield equipment supplier, offering premium oil and gas rig equipment to clients worldwide. As a leading industrial equipment supplier, we specialize in high-quality ...

Oil companies offered $300 million in Gulf drilling bids, the first of 30 planned lease sales. BP, Chevron and Shell were among 30 bidders as royalties dropped to 12.5%. Sale comes as Trump moves to ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Try as so many private and government organizations might, switching everywhere on Earth over to clean, renewable energy — including some strange sources being explored — is still a long way away.

North America added five rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on February 28. The U.S. added one rig week on week, and Canada added ...