These active drilling rigs include 482 oil rigs operating in U.S. oil fields, up by five from the previous week; 102 gas drilling rigs, up by two from last week; and five miscellaneous rigs, the same ...

Offshore oil projects are experiencing a boom, but a looming oil glut fueled by factors like surging electric vehicle sales ...

The South American nation is now the fourth-largest offshore oil producer in the world, and its government receives an estimated $1 billion annually from the deal. The consortium isn't doing too ...

Britain’s Shell and Norway’s Equinor on Thursday announced plans to combine their British offshore oil and gas assets to ...

Oil giants Shell and Equinor have announced plans to combine their British offshore oil and gas assets into a new, jointly ...

Offshore drilling contractors are expecting India’s Oil & Natural Gas Corporation (ONGC) to soon resume its efforts to hire more shallow-water rigs following unsuccessful efforts earlier this year.