Thousands of oil and gas rigs are becoming redundant around the world – and taking them out of service, known as decommissioning, is a multi-billion dollar business. It’s also a complex operation ...

The price of crude oil is steadily declining and in Scotland as in many other countries, this means the abandonment of oil rigs. To disassemble the machines is not just costly, it also might prove to ...

The total rig count rose by 4 rigs, to 592, according to Baker Hughes, down 34 from this same time last year. The number of oil rigs rose by 7—down by 15 compared to this time last year.

The oil and gas rig count, an early indicator of future output, rose by four to 592 in the week to February 21. Despite this week's rig increase, Baker Hughes said the total count was still down ...

Feb 21 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes (BKR.O), opens new tab ...

U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes said in its closely followed report on Friday.