In this case: life. The oil rig and 26 others like it along the California coast are home to reefs that have grown naturally upon the structures, evolving into valuable ecosystems that support local ...

U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig ...

Decommissioning the world’s ageing offshore oil and gas infrastructure can be dangerous, costly and complex, and progress so far has been far from encouraging ...

while oil prices saw an increase before the rig data release. Drilling activity in the Permian Basin experienced a slight decline, and the Eagle Ford rig count held steady, both showing decreases ...

This rig-to-reef method is attractive for oil companies, as it costs around half the price of removing an entire structure. But a 2023 study found that there wasn't yet enough evidence to ...