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

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

Transocean Ltd. (NYSE:RIG) is one of the best penny stocks to buy according to hedge funds. In a report released on October 6 ...

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

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 ...

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 ...

Sable Offshore is restarting three platforms, even as California regulators pursue cease-and-desist orders against the developer’s related pipeline work. Three offshore oil rigs in Southern California ...

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 ...