Drilling activity continues to trend upward, posting a second consecutive weekly gain. Oilfield services firm Baker Hughes said Friday its U.S. rig count rose four rigs to 586 rigs for the week.

ExxonMobil and its partner offshore Cyprus, QatarEnergy, on Friday started drilling for natural gas in an exploration block in the island nation’s exclusive economic zone, the President of Cyprus, ...

According to S&P Global, estimates suggest that the Electra-1 exploration well is targeting a structure that could hold between 15 Tcf and 30 Tcf of gas. In a post on X, President Nikos ...

ExxonMobil, in partnership with Qatar Energy, has commenced exploratory drilling for natural gas off the coast of Cyprus, indicating Europe's diversification efforts, reported Reuters, citing ...

French supermajor TotalEnergies has signed a deal with Aberdeen-headquartered Stena Drilling for the charter of the ...

Drilling work has begun in Block 5 of Cyprus’ exclusive economic zone (EEZ), President Nikos Christodoulides announced on Friday. According to a post on social media platform X, drilling began Friday ...

ExxonMobil completed drilling the Nefertari-1 exploratory well ... a high-specification rig designed for deepwater exploration. The Eastern Mediterranean has emerged as a hotspot for natural ...

These drilling activities come shortly after ExxonMobil confirmed a new gas discovery in the western region of the Mediterranean Sea ...

Texas and the Permian Basin were hardest hit in this week's drilling activity decline as the rig count remains at three-year ...