Witness the impressive scale and engineering of offshore oil platforms with this captivating drone footage, capturing these industrial giants rising from the vast expanse of the sea. Explore the ...

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 ...

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Thursday, following a 7-rig decrease in ...

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for a 10th week in a row for the first time since July 2020, energy services firm Baker Hughes said in ...

The Trump administration's tax and spending bill approved by Congress on Thursday includes a long-sought measure to increase the amount of offshore oil-and-gas revenue that Louisiana receives from ...

US supermajor ExxonMobil is moving forward with exploration activities offshore Guyana, drilling a new well to investigate the potential of additional oil and natural gas resources in the prolific ...

The VALARIS 247 is a 27-year-old jackup rig that is currently operating offshore Australia. A closeup of an offshore oil rig in the international oil and gas industry in the Gulf of Mexico.

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 ...

NEW YORK (Reuters) -Oil prices fell slightly on Thursday as investors worried that U.S. tariffs could slow energy demand ahead of an expected supply boost by major crude producers.