One of California’s worst oil spills occurred off the Santa Barbara coast in 2015, when a corroded pipeline burst ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

A Texas company wants to drill for oil off Santa Barbara County's coast. Experts say its path to oil sales is looking more ...

Amid cautious optimism that a "top kill" effort to cap the leaking well causing the Gulf oil spill is working, President Obama banned new offshore drilling Thursday until further notice.

Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore ...

Transocean Ltd. (NYSE: RIG) is one of the 7 best oil and gas penny stocks to buy according to analysts, supported by hedge ...

Q2 profit S$161 million versus S$205 million year ago; O&M division net order book at S$3.4 billion. Singaporean conglomerate Keppel Corp posted a 21 percent drop in its quarterly profit and warned it ...

The Iranian Offshore Oil Company (IOOC) has reportedly entered into two agreements to acquire advanced offshore drilling rigs ...

This weeks offshore rig review looks at the recent developments and deepwater discovery in Mexico that may drive changes in Pemex's long term strategy. The last several weeks have seen some ...

Transocean Ltd. (NYSE:RIG) is one of the best penny stocks to buy according to hedge funds. In a report released on October 6 ...

This week's offshore rig review looks at the trends and changes in the number of rigs that are cold stacked around the world. This week, worldwide offshore rig utilization held steady at 83%, as 543 ...