A Republican push to make drilling cheaper on federal land is creating new fiscal pressure for states that depend on oil and ...

The move comes as offshore operators seek to make existing wells more efficient as oil prices continue to flag.

US President Donald Trump promised to ‘drill, baby, drill’. After a year in office, the US oil rig count is steadily ...

Florida's top elected officials, all Republicans, say they will work to stop the Trump administration's plan to open new areas in the eastern Gulf of Mexico to oil drilling.

Seadrill wins follow-on programs for three rigs in U.S. Gulf and Angola. Find the latest news from the maritime industry on the PortNews website.

West Neptune was contracted by LLOG Exploration, Sevan Louisiana by an undisclosed operator and Sonangol Quenguela’s contract ...

Just 20 days earlier, the Deepwater Horizon oil rig had exploded, killing 11 people and igniting one of the worst ...

Transocean (RIG) has surged 42.9% recently, outperforming the S&P 500, yet I maintain a 'hold' rating due to lingering risks.

In the US, 548 rigs were working, down 1 unit from the prior week. With 192 rigs running in Canada, 1 additional rig was ...

“As we have repeatedly seen in California and other parts of the country, offshore drilling is a ticking time bomb,” they continued. “Any expansion of offshore drilling in the waters off the coast of ...

Oil companies have offered $300 million for drilling rights in the Gulf of Mexico in the first offshore lease sale for the ...