A Texas company wants to drill for oil off Santa Barbara County's coast. Experts say its path to oil sales is looking more ...

A Texas company wants to drill for oil off Santa Barbara County's coast. Experts say its path to oil sales is looking more ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Kuwait Oil Company has made its third offshore discovery with production capacity of more than 29 million cubic feet per day of natural gas, it said on Monday. The find comes as a boost to the ...

NEW ORLEANS (AP) — Fifteen years after the Deepwater Horizon oil rig exploded off the Gulf Coast, killing 11 and sending 134 million gallons (500 million liters) of crude gushing into the ocean, the ...

The Iranian Offshore Oil Company (IOOC) has reportedly entered into two agreements to acquire advanced offshore drilling rigs ...

Q2 profit S$161 million versus S$205 million year ago; O&M division net order book at S$3.4 billion. Singaporean conglomerate Keppel Corp posted a 21 percent drop in its quarterly profit and warned it ...

Kuwait, an OPEC member and major oil producer, has increased imports of natural gas to meet surging domestic power demand ...

This week's offshore rig review looks at the trends and changes in the number of rigs that are cold stacked around the world. This week, worldwide offshore rig utilization held steady at 83%, as 543 ...

David Callahan is one of a few hundred people who are deep-sea oil rig divers, and he can’t imagine doing anything else Meredith Wilshere is a Society and Culture writer at PEOPLE. Her work has ...