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 ...

Oil drilling on sensitive New Mexico public lands puts drinking water, ... a cavern opened under a drill rig near Black River Village Road about a half hour south of Carlsbad in the early 2000s, ...

Associated gases put oil rigs in a real lose-lose scenario: burning the gas is an environmental hazard of its own, but the alternative — venting the gas directly into the atmosphere — is just ...

U.S. crude oil futures rose about 3% on Monday after OPEC+ increased production at a steady rate, easing investor fears that the group might boost output even faster. West Texas Intermediate ...

Of the major oil and gas-producing states, four saw rig counts drop. New Mexico, Oklahoma, Ohio, and West Virginia each dropped a single unit to reach respective counts of 91, 52, 11, and 7.

These floating oil rigs are mobile and are fit for deeper, rougher waters. They in water between 1,600 and 10,000 feet and drill up to 6.2 miles.