Transocean Ltd. (NYSE: RIG) ('Transocean”) today announced that a two-well option was exercised for the Transocean Spitsbergen in Norway. The program is expected to commence in the first quarter of ...

There’s very little oil offshore. The risk reward thing just simply doesn’t justify it in terms of the environmental disruption and things that would occur.” ...

New oil industry data shows Powder River Basin wells breaking even at $60 per barrel as global market forces create ...

Inexperience and mistakes combined to cause one of the costliest accidents in offshore drilling history.

Offshore oil platforms represent some of the most complex and hazardous industrial environments in the world .

In this video, Andres Calabressi, Head of Manufacturing at Quaise Energy, describes the first demonstration of the company’s novel drilling technique on a full-scale oil rig.

Baker Hughes Company (NASDAQ:BKR) and Cactus Inc. (NYSE:WHD) announced a new joint venture, with Baker Hughes contributing ...

Russia's oil-patch tax policy, along with tanking crude prices, are making the country's critical export unprofitable.

The data is subject to further analysis, results of which will become a part of future decisions regarding Havstjerne storage project investment.

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OPEC agreed to increase production by 411,000 barrels per day in July, the third consecutive month the group has boosted ...