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

India's ONGC operates fleet of more than 30 offshore drilling units and is largest operator of jack-up rigs in South Asia ...

This story was produced in partnership with the Pulitzer Center. It is part four in a four-part series. Read part one here, ...

Over the past few months, we’ve been exploring how generative AI can transform trial preparation by analyzing complex litigation materials ...

Salunda has announced it has launched the Latch Hawk 2 fingerboard latch monitoring device, with the aim of preventing dropped objects and improving safety during pipe handling on offshore drilling ...

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 ...

Senator Ned Nwoko (Delta North), chairman of the Senate Ad Hoc Committee on Crude Oil Theft, has outlined a strategic plan to curb oil theft, protect host communities, and integrate local refiners ...

For the last several years, the U.S. has been the largest producer of oil and natural gas in the world ... In this May 10, 2024, file photo, dusk surrounds an offshore gas rig near Fort Morgan, ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

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).