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A wrecked oil rig has finally arrived at its original destination in Malta over eleven weeks after it crashed in the Western Isles.
Oil prices are also under pressure as the number of active oil rigs in the U.S. continue to climb. Last week, the oil-rig count rose by 11 to 443, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig count is typically viewed as a ...

FILE - In this March 29, 2013 file photo, workers tend to a well head during a hydraulic fracturing operation at an EnCana Oil & Gas (USA) Inc. gas well outside rifle, in western Colorado.
Oil futures traded little changed Friday after data from Baker Hughes BHI, +0.19% revealed that the number of active U.S. rigs drilling for oil climbed by 11 to 443 rigs this week.
Ruling on oil rig case 'positive' for Providence. Andrew Fanning. By Andrew Fanning Oct 21, 2016. Share this article: Ruling on oil rig case 'positive' for Providence. $1.35m Providence must pay is below what it estimated in interim results. Andrew ...
Removing redundant North Sea oil and gas platforms could be a lucrative market for North East offshore businesses, as Peter McCusker reports.
Over the past ten years, the oil rig count and crude oil price bottoms and peaks have occurred between three and four months apart, according to research from Morgan Stanley.
SHETLAND Coastguard's search and rescue helicopter was called out to a North Sea oil rig on Monday night after a 25 year old man was injured in an accident.
Baker Hughes's international oil rig count excludes data in the US and Canada. It showed that oil rigs rose by six rigs to 684 for September 2016 compared to the previous month.
Norway's state regulator of the oil industry, Petroleumstilsynet, claimed on Monday that workers could have been killed over the weekend when two gas leaks and a fire broke out on three of Statoil's offshore installations.
Crude futures fell in early Asian trade Monday, dragged lower by the increase in active oil rigs in the U.S. and a stronger greenback.
A 17,000-tonne oil which ran aground in the Western Isles two months ago has left Scotland. The Transocean Winner grounded near Carloway on Lewis during a storm on August 8. It was towed free two weeks later and taken to Broad Bay, where it was lifted ...
Pertamina unit builds new oil rigs in East Java Back to work: Pertamina Hulu Energi West Madura Offshore (PHE WMO) workers are moved in a personnel basket from a ship to the company's oil rig off the coast of Madura Island in East Java. The company, a ...
Oil futures continued to decline Friday after data from Baker Hughes BHI, -0.38% revealed that the number of active U.S. rigs drilling for oil climbed by 4 to 432 rigs this week.

The number of drilling rigs working in the U.S. as of Oct. 7 rose by two from a week ago to 24, according to the latest Baker Hughes report.
His new movie is closest to that last entry, showing men (and one brave woman) making heroic decisions on BP's offshore oil rig Deepwater Horizon, sitting 41 miles off the coast of Louisiana in 2010. These characters are so authentic that they seem to ...
When I went to see the movie "Deepwater Horizon" with some of my graduate students last week, I did not expect accuracy. Drilling for oil and gas is not typically viewed favorably or depicted correctly in Hollywood movies.
On October 7, 2016, Baker Hughes (BHI) released its US crude oil rig count. It reported that the US crude oil rig count rose by three to 428 rigs between September 30 and October 7, 2016.
The US oil rig count continued to creep northward last week, gaining three rigs to land at 428 on Friday, according to Baker Hughes, while WTI crude hit a landmark $50/b during the week amid encouraging signs that a slumbering industry has begun to ...
Transocean Winner, the oil rig grounded on the Isle of Lewis, has been successfully loaded onto a massive ship ready for transport to Turkey.
Every Friday, Seeking Alpha provides a roundup of insightful opinion and analysis articles in the energy sector. In this edition, we highlight articles on Chinook Energy, Shell, and the Bakken, as well as ask for your take on what's happening in the ...
A mix of rigs were added this week after a very large increase the previous week. Although the increase in total oil rigs was limited this week, there were some new rigs in the Gulf of Mexico, Alaska and several new horizontal rigs replacing vertical ones.
Oil futures continued to decline Friday after data from Baker Hughes BHI, +0.57% revealed that the number of active U.S. rigs drilling for oil climbed by 3 to 428 rigs this week.
Early on in the new Peter Berg film, Deepwater Horizon, the daughter of chief electronics technician Mike Williams (Mark Wahlberg), using a coke can as a prop, explains how oil exploration works, talking proudly of how "my daddy tames the dinosaurs".
Liberty House, the company hailed as the rescuer of Scotland's steel industry, is targeting the decommissioning of North Sea oil rigs in a plan that could create hundreds of jobs. Sanjeev Gupta, who recently re-opened the Dalzell steel plate mill in ...
Liberty House, the company hailed as the rescuer of Scotland's steel industry, is targeting the decommissioning of North Sea oil rigs in a plan that could create hundreds of jobs. Sanjeev Gupta, who recently re-opened the Dalzell steel plate mill in ...
ECONOMYNEXT - Sri Lanka's Hayleys Energy Services said it had modified, repaired and tested an oil rig at its Advantis Free Zone onshore, taking the island another step to be an services hub.
gulf Island Fabrication Inc. traditionally builds platforms for oil rigs, a service that is shrinking with oil production moving to land.
ROUGH seas have brought a halt to the salvage operation of the Transocean Winner oil drilling rig. The rig, which ran aground at Dalmore almost two months ago during a storm, was due to be loaded onto a heavy transport ship off Lewis .
KATUNAYAKE - Hayleys Energy Services has begun to explore opportunities in diversifying within the oil and gas industry by locating an oil rig at the tax free Advantis Free Zone at Katunayake, the first of two more in the pipeline. Since the country is ...
Trading in commodities was mixed, with even the different crude oil benchmarks on either side of the Atlantic diverging as figures published after the London close revealed another increase in the number of US onshore oil rigs in operation. The number ...
Also on Friday, the U.S. oil rig count rose by 7 to a total of 425, marking the 13th time in the last 14 weeks the tally has ticked up, oilfield services firm Baker Hughes reported.
The sound team on Deepwater Horizon, Peter Berg's account of the 2010 oil rig explosion in the Gulf of Mexico, which opens Friday, focused on realism starting with extensive research that even came down to examining the procedures involved on the rig ...
Oil futures held onto their gains Friday after data from Baker Hughes BHI, +0.52% revealed that the number of active U.S. rigs drilling for oil climbed by 7 to 425 rigs this week.
CASPER, Wyo. - An oil well service company faces nearly $3,000 in fines following the death of one its employees who fell from a workover rig in Midwest.
The process of taking offshore oil rigs and platforms out of service safely is complex and there are legal and regulatory requirements as well as environmental considerations - highlighted when a decommissioned rig grounded on Lewis last month ...
Over the past ten years, the oil rig count and crude oil price bottoms and peaks have been between three and four months apart, according to research from Morgan Stanley.
In a far corner of the Caribbean sea, one of those idyllic spots touched most days by little more than a fisherman chasing blue marlin, billions of dollars worth of the world's finest oil equipment bobs quietly in the water.
A BID to remove the stricken Transocean Winner oil rig this weekend has been cancelled. Weather conditions have been deemed "totally unsuitable" to attempt to load the damaged platform onto the deck of a ship.
The low water mark was down at 316 (on May 27, 2016). So from the low we are up 102 rigs. It is a step in the positive direction, but compared to the boom from 2010 to 2014 when the rigs went from near current levels to 1600, we are no where near that ...
Rigs continued to return to duty during the week ending Sept. 23, according to Baker Hughes Inc. (BHI) data. Given drilling and completion efficiency gains, it will take fewer rigs than before to make for peak volume growth, an analyst cautioned.
Every Friday, Seeking Alpha provides a roundup of insightful opinion and analysis articles in the energy sector. In this edition, we highlight articles on Seadrill, Enbridge Energy Partners and SolarCity, as well as ask for your take on what's ...
*Total U.S. oil rig count increased by two rigs on a net basis though there was a large number of vertical rigs replaced by horizontal or directional rigs.
Oil futures continued to decline Friday after data from Baker Hughes BHI, -1.81% revealed that the number of active U.S. rigs drilling for oil climbed by 2 to 418 rigs this week.
A 60,000-tonne ship that will carry a refloated oil rig from the Western Isles to Turkey has arrived in the Hebrides. The Transocean Winner rig ran aground on Lewis after breaking free from the boat towing it during a storm on August 8. It was pulled ...
Traffic was moving again by 6:10 p.m. on Interstate 459 North in Hoover after a truck hauling an oil drilling rig overturned this afternoon at the ramp from Interstate 65, according to the Rocky Ridge Fire Department.
The worst may be over for the oil market as drilling activity begins to inch up across the United States, but the bullish narrative is bearish for natural gas prices as associated volumes begin to grow, according to energy analysts.


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