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 ...

Aberdeen became the oil capital of Europe and an estimated half a million jobs were created by the industry over the decades. The world's worst offshore disaster was on the Piper Alpha rig in 1988 ...

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).

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 ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on March 7. The ...

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior.

The rig boasts a Friede & Goldman JU3000N design and can drill to a maximum depth of 35,000 feet. It can operate in depths of 400 feet underwater ... with the favorable oil price environment ...

The district administration yesterday fixed retail price of loose soybean oil at Tk 160 per litre across Chattogram district. The decision came at a meeting organised by Chattogram District ...

One of the men took to social media to explain how they had set out from Libya and spent five days aboard a rubber dinghy before being shipwrecked at the rig in the Miskar oil and gas field ...

The total U.S. rig count is made up of 486 oil rigs, 102 gas rigs, and five miscellaneous rigs, according to the count, which revealed that the U.S. total comprises 533 horizontal rigs ...