America’s most productive oil patch is now grappling with a problem it cannot drill its way out of: mounting underground pressure from billions of barrels of dirty water. What began as a quiet ...

In February 1982, the Ocean Ranger, the world’s largest semi-submersible oil rig, faced one of the most violent North Atlantic storms ever recorded. The crew of 84 men trusted their floating fortress ...

RIO DE JANEIRO, Brazil (AP) The world s biggest floating oil rig sank in the South Atlantic on Tuesday, and the state oil company Petrobras said some of the 300,000 gallons of diesel fuel on board had ...

HOUSTON, Sept 8 (Reuters) - The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could ...

North America added six rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on November 7. The total U.S. rig count increased by two week on week ...