Leidos outlines an intriguing plan to acquire oil rigs and convert them to everything from maintenance to medical hubs. Find out how it would work.

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, ...

Prio, a Brazilian oil company, is in discussions to purchase the remaining 60% stake in the offshore Peregrino oilfield from ...

Large reductions in exploration and production spending are beginning to take effect, and even with the recent oil price increase, floating rig utilization is destined to trend downward over the ...

The active rig count in the US was up by 4 units for the week ended Feb. 7 with 586 rigs running, according to Baker Hughes data.

The workers were killed in an explosion aboard the Cidade de São Mateus, a floating oil production, storage and offloading ship (FPSO), said Davidson Lombo, finance director of Sindepetro-ES ...

Could repurposed oil rigs become the Navy’s new floating logistics hubs? Leidos outlines an intriguing plan to acquire oil rigs and convert them to everything from maintenance to medical hubs. Find ...