Drilling at the Elektra-1 well offshore Cyprus has found natural gas but not in marketable quantities, the energy ministry stated on Monday.“Well data and preliminary evaluation work indicate the ...

Furie Operating Alaska on Monday announced they’d renewed a lease with a Hilcorp subsidiary to use their jack-up rig this ...

These operators offer drilling rigs (both land-based/onshore and offshore ... at a given time rather than the price of oil or natural gas. Within the industry, it's interesting to note that ...

Of the rigs drilling offshore, 11 were in the Gulf of Mexico, a decrease of 1 unit from a week ago. Rigs targeting natural gas increased by 1 unit to 97. Those rigs targeting oil, meanwhile ...

Transocean’s semi-submersible rig Transocean Equinox has ... across the two exploration permits. The drilling campaign is focusing on low-risk gas prospects with direct hydrocarbon indicators ...

(Reuters) - U.S. energy firms this week added oil and natural gas rigs for the first time in three ... in 2025 would prompt producers to boost drilling activity this year after a 14% price drop ...

Of those, 99 were drilling for oil, 9 fewer than a week ago. Rigs drilling for gas totaled 54 for the week, unchanged from the prior week’s total. The US rig count is down 2 units from the ...