Modern offshore oil rigs are engineering wonders designed to accommodate massive crews and operate in some of the most hostile environments on Earth. As the demand for oil drives exploration into ...

Senate Parliamentarian Elizabeth MacDonough has ruled against provisions in the GOP megabill to enact President Trump’s agenda that would dramatically accelerate the approval of offshore oil and ...

Pressure in the oil wells can build up really quickly. By flaring, the excess gas can be burned off safely so the pressure ...

Welcome to the world’s biggest offshore oil rig platform,a colossal engineering feat where people live, eat, sleep, and drill hundreds of miles from land.In this video, we take you deep inside ...

From a valuation standpoint, Transocean stock presently seems low-priced when evaluated against its sales or profit ...

After recently guiding down, executives now plan for activity levels only slightly below the level they had forecasted coming ...

The U.S. oil and gas rig count has fallen to its lowest level since November 2021. In the Permian Basin, rig activity is down 11% year-over-year, and fracking activity is showing similar declines.

At latitude 71.3 north, it will be 140 miles closer to the pole than Russia's Prirazlomnoye platform in the eastern Pechora Sea—the only other offshore rig currently producing oil in Arctic ...

U.S. Offshore Oil Production Set To Jump. Editor OilPrice.com . Mon, May 26, 2025, 8:00 PM 5 min read. ... The U.S. oil and gas rig count has fallen to its lowest level since November 2021.

Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by ...

Gov. McMaster urged BOEM to exclude SC waters from offshore drilling. Nonprofits also want the ban on oil and gas development ...