The answer is Goliat, a mammoth, beer-glass-shaped, floating oil platform that’s set to become the northernmost in the world. Last week the 65,000-ton rig arrived for commissioning near the ...

Oil drilling on sensitive New Mexico public lands puts drinking water, ... a cavern opened under a drill rig near Black River Village Road about a half hour south of Carlsbad in the early 2000s, ...

Over 50 migrants were headed to the Italian island of Lampedusa Sunday after a charity ship rescued them from an abandoned oil platform in the Mediterranean, where one woman gave birth, according ...

CNOOC has installed its largest and heaviest offshore platform in the Bohai Sea and started production at a new South China Sea field, underscoring its record-breaking momentum in domestic oil and ...

Over 50 migrants were headed to the Italian island of Lampedusa Sunday after a charity ship rescued them from an abandoned oil platform in the Mediterranean, where one woman gave birth. The vessel ...

The number of rigs drilling for crude in the US plummeted to the lowest in about four years as shale explorers anticipate weakening global oil demand. Rigs targeting crude declined by 9 to 442 this ...

Asia’s largest offshore oil platform now doubles as CCS site. Project captures CO₂ produced during oil extraction, compresses it and injects it deep beneath the seabed to enhance oil recovery ...

The total U.S. rig count is made up of 461 oil rigs, 99 gas rigs, and three miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 508 horizontal rigs ...

U.S. crude oil futures rose about 3% on Monday after OPEC+ increased production at a steady rate, easing investor fears that the group might boost output even faster. West Texas Intermediate ...