You Searched For "oil rigs" and got 20 results
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3 mins read
A millennial who switched from working on oil rigs to wind turbines says he's been promoted faster in renewable energy
Shaun Mitchell advanced from a wind technician to a supervisor within a few years after leaving the…
Catherine Boudreau
2 mins read
Why AI could weigh down oil prices in the next decade, according to Goldman Sachs
The impact to supply due to the use of AI could end up outweighing any rise in demand from AI's pow…
Kelly Cloonan
2 mins read
The US will be an oil production powerhouse through at least 2026, Goldman Sachs says
The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues…
Jennifer Sor
3 mins read
Autry Stephens sold his company for $26 billion but died before the deal was done. Here's how a Texas farm boy became an oil tycoon.
Autry Stephens built Endeavor Energy into one of the biggest private oil producers and sold the com…
Theron Mohamed
3 mins read
A wave of M&A means the US oil-production boom may be over
Public and private firms have very different financial priorities. For the US oil industry this yea…
Aruni Soni
2 mins read
Saudi Arabia's futuristic megaprojects are so expensive that even its oil riches may not be enough
Saudi Arabia is starting to sell debt again and offload more Aramco shares to help fund projects su…
Tom Porter,Hasan Chowdhury
2 mins read
The US is pumping more oil than any country in history - and it's unlikely to be surpassed any time soon
The US produced an average of 12.9 million barrels a day last year, more than Russia or Saudi Arabi…
Filip De Mott
2 mins read
Videos and photos show how oil rigs can be bigger than skyscrapers
Fossil fuel dependency has led humans to build some of the largest structures on Earth — from float…
Grace Kay
1 min read
Saudi Arabia plans to convert an offshore oil rig into a luxury extreme sports amusement park
The Rig, an amusement park with a hotel for 800 guests, will sit atop a converted oil rig in the Ar…
Joshua Zitser
2 mins read
CHART OF THE DAY: US oil production hits record high amid rising geopolitical tensions
US crude oil production surged to a record high of 13.2 million barrels a day, above the prior reco…
Matthew Fox
2 mins read
The number of active oil rigs around the world plunges almost 30% in April as demand dries up
The Baker Hughes report on Friday showed oil rigs fell from 2,140 in April 2019 to 1,514 in April, …
Saloni Sardana
6 mins read
The finale of Netflix's 'Physical: 100' is embroiled in controversy including a dispute over whether the final challenge was rigged
The show topped Netflix's Global Top 10 chart and stayed there for weeks. Now its finale is embroil…
Reena Koh
2 mins read
SpaceX is converting an oil rig into a floating launch pad in the ocean for its Starship rocket in Mississippi
One of SpaceX's oil rigs, Phobos, is now located in Pascagoula, a city in Jackson County, Mississip…
Kate Duffy
3 mins read
Warren Buffett's Berkshire Hathaway has piled about $27 billion into Chevron and Occidental Petroleum this year. Here are 8 of Buffett's best quotes about investing in the oil business
Buffett sees investing in an oil producer as betting on the commodity's price over time, and predic…
Theron Mohamed
2 mins read
SpaceX may have purchased 2 oil rigs off the coast of Texas that could be turned into 'floating' Starship launchpads
Elon Musk has tweeted about floating 'spaceports' for SpaceX before, and it looks like the company …
Annabelle Williams
2 mins read
The IEA will release oil stockpiles in an effort to stem surging prices, new report says
The International Energy Agency, which is comprised of 30 countries, will release 60 million barrel…
Matthew Fox
1 min read
With prices topping $100 per barrel, US oil companies need to hire thousands of workers — but employers like Amazon and Target have reportedly beaten them to the punch
Roughly 100,000 fewer workers are employed in the US oil and gas industry since before the pandemic…
Dominick Reuter
1 min read
Justin Bieber plays an oil-rig worker who gets laid off and evicted in his new music video for 'Holy'
The singer and his on-screen wife, played by Ryan Destiny, are joined by Wilmer Valderrama and Chan…
Callie Ahlgrim
2 mins read
Soaring oil prices usually boost the S&P 500. Why that might not be the case this time around, according to Bank of America
Budget tightening by US oil companies stands to serve as a headwind for the S&P 500, the investment…
Carla Mozée
2 mins read
Oil prices are set to rise as high as $150 a barrel as OPEC+ controls supply in the face of Omicron concerns, JPMorgan says
"We believe the market may overestimate the impacts of the recent emergence of the Omicron variant …