Offshore oil rigs are some of the largest structures on the ocean, they can operate at incredible depths and drill deeper than some airplanes fly.

Adnoc Drilling has won two offshore jack-up rig deals worth a combined $1.15 billion for 15 years from compatriot Adnoc Offshore. The jack-up deals will bring in “accretive rates that generate ...

ExxonMobil has discovered 75 million barrels of oil in recent months at its producing Hibernia and Hebron fields offshore Newfoundland & Labrador, according to the head of the supermajor's ...

The initiative is part of Petrobras' 2050 Strategic Planning and 2025-2029 Business Plan, with total investment of $111 billion.

The number of total oil and gas drilling rigs in the U.S. dropped by 7 to 547, falling for the ninth consecutive week in the longest series of declines since an 18-week drop in July 2020, Baker ...

Crude oil and gasoline prices on Monday settled mixed. Crude was under pressure Monday due to expectations that OPEC+ will increase its crude production level by another 411,000 bpd ...