Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. The total number of active drilling rigs for oil and gas ...

March 14 (Reuters) - U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely ...

- Israeli Prime Minister says progress on cease-fire depends on Hamas's response while US administration hopes to finalize deal this week ...

With 199 rigs running, the count is 8 fewer than the 207 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 31, bringing the count to 139 rigs for the week.

Oil prices settle lower despite ongoing supply disruption concerns By Investing.com - Oct 11, 2024 1 Investing.com-- Oil prices settled lower Friday despite ongoing supply disruption concerns as ...

Devon Energy has machine learning models monitoring each of its oil rigs across the U.S., Lowe said, adding the company has seen a 25% improvement in productive life of its oil and gas wells.

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 ...

Devon Energy has machine learning models monitoring each of its oil rigs across the U.S., Lowe said. The company has seen a 15% improvement in drilling efficiency. AI is also speeding up offshore ...

Oil prices settle lower despite ongoing supply disruption concerns By Investing.com - Oct 11, 2024 Investing.com-- Oil prices settled lower Friday despite ongoing supply disruption concerns as traders ...

Those concerns were highlighted in the 1970s when episodes of sharply rising oil prices led to recessions, economic stagnation, and high inflation. However, recent gains in U.S. oil and natural ...

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).