U.S. oil and gas producer Coterra Energy will maintain its rig count at nine in the Permian Basin, revising previous plans to ...

If things were to re-escalate, the Iranian regime could take a worst-case, most damaging counter-measure by blockading the ...

Well-supplied markets and weakening demand for crude concern American drillers.

Norwegian oil and gas company Aker BP has completed the installation of a jacket for a new production platform at the Valhall ...

President Donald Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the ...

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 ...

President Donald Trump accused Elon Musk on Thursday of wanting to protect electric vehicle incentives. The billionaire shot back.

The deepest offshore oil well was over 35,000 feet by the Deepwater Horizon, and the Maersk Voyager operated in the deepest waters at 12,000 feet.

Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.

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The project includes the Kikeh, Siakap North and Petai fields tied back to an existing FPSO via a Spar dry tree unit — a type of floating platform. Water depths at the field average some 1320 ...