If approved, BP aims to begin drilling in the Kaskida project in 2029 using high-pressure technology that could harvest up to ...

Transocean Ltd.’s RIG semi-submersible drilling rig, Transocean Barents, is making its way to the Neptun Deep project for a 10-well drilling mission, marking a significant phase in Romania’s offshore ...

The move to reignite a fight with coastal state governors — particularly California’s Gavin Newsom — who forced the president to back down in his first term.

It was confirmed on the 20th that Korea National Oil Corporation (KNOC) has completed selecting the preferred negotiating ...

Eni subsidiary Nigerian Agip Oil Company is preparing the ground for an exploration well on the Ekedei Deep A prospect in OML 63 and a probe on its Grangbene Deep A and B structures. The operator is ...

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.

Deep beneath Utah’s desert soil, an oil drill bored through the Earth at a blistering pace earlier this spring. Gnarly looking drill bits tore through granite at around 300 feet per hour. It was done ...

The Korea National Oil Corporation has tapped Britain's BP as the preferred bidder for Korea's project to develop oil and gas ...

ADX Energy is gearing up for a multi-well campaign in Upper Austria, targeting rapid, low-risk gas and oil production growth.

American drivers will be happy to hear that oil prices have dropped by 19 percent. When oil prices drop, gasoline prices are soon to follow. However, for those who look deep into energy economics, ...