The oil price collapse has hit the drilling rig market hard, with North Sea drillers likely to face a supply shortage in 2021 Type your search and press Enter Home ...

Norwegian oil company Statoil evacuated 89 workers from an offshore rig in the North Sea after encountering an unexpected change in pressure while drilling a well, a spokesman said Friday.

Royal Dutch Shell Plc’s $3.8 billion sale of North Sea oil and gas fields creates a model for further transactions in a region where the question of who pays to remove decades-old offshore ...

STOCKHOLM – Norway's Statoil says a drilling rig in the North Sea has been hit by a big wave, killing one worker and prompting the evacuation of the platform. In a statement, Statoil said a ...

Environmental activists have climbed on board a 27,000-ton BP oil rig being towed off the coast of Scotland, and are vowing to stay put until the company halts plans to drill new wells.

The US oil giant posted a fourth-quarter profit of $8.87 billion (£6.3 billion) in February, boosted by the doubling of natural gas prices since 2020 and an 80 percent increase in oil prices.

ABERDEEN, Scotland (AP) — It's Thursday night and the Spider's Web pub is packed with beefy guys in windproof jackets and massive backpacks. The exhausted oil rig workers pile their bags against ...

OSLO--Norway's Statoil ASA said Wednesday that one rig worker had died and two others were injured after a huge wave hit a North Sea rig amid stormy weather, and the oil and gas company said the ...

OSLO, Norway — Norwegian oil company Statoil evacuated 89 workers from an offshore rig in the North Sea after encountering an unexpected change in pressure while drilling a well, a spokesman ...