The number of oil rigs in the US increased by seven in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil grew to 479 rigs from 472 last ...

Baker Hughes, a leading energy services company, said that the U.S. added oil and gas rigs this week for the first eight-week period.

The number of active U.S. rigs drilling for oil climbed by seven to total 479 rigs this week, Baker Hughes reported on Friday, as domestic producers look to a “more friendly environment” for crude ...

The total rig count rose by six rigs, to 582, according to Baker Hughes, down 37 from this same time last year.

China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra ...