Drillers packing up gear, rig count drops, potential signal of tighter oil supply. Investors should watch oil stocks, favoring efficient producers.

North America rig numbers dip The total rig count in North America is down 64 rigs from the same time last year.

From a control room in Norway's oil capital of Stavanger, pilots are performing drone inspections of the Edvard Grieg platform some 180 kilometers out at sea.

A production hike could suppress oil prices further if global demand fails to keep pace. Still, offshore U.S. production could fill key gaps left by a slowing shale sector.

Kevin O'Connor spends four weeks at a time working on an offshore oil rig. While the views are breathtaking, the loneliness can take a toll on him and his crew.

Sable Offshore Corp. has restarted offshore oil production 10 years after the operation was shuttered following a major oil spill along Santa Barbara's coast.

Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they stay in place? Here's what we know.

But offshore oil and gas development can harm the environment at a time when biodiversity is on the decline and our climate crisis deepens. The ocean provides around half of the oxygen we breathe ...

David Callahan is a mixed-gas commercial diver working on an offshore oil rig Callahan says he can't imagine doing anything else, despite it being "one of the most dangerous jobs" in the world ...

If you've ever seen an offshore drilling rig, you know they're absolutely massive. But are these huge rigs, which are essential for oil production, built?

Interior said Friday that a rule implemented in 2024 to impose supplemental financial bond requirements on offshore drilling companies in shaky financial shape had made it more difficult for ...

Most new oil and gas projects in 2024 were located offshore, where spills can be hard to detect. Researchers at the nonprofit SkyTruth recently published a report identifying the biggest sources ...