STAFF REPORTER In recent years, Namibia’s emergence as a frontier for offshore oil and gas exploration has made global headlines. Behind much of this progress stands Northern Ocean, an international ...

Sable Offshore Corp. has restarted offshore oil production 10 years after the operation was shuttered following a major oil ...

US operators in the Lower 48 expect to reduce their rig counts later this year amid global market volatility, officials with drilling contractor Nabors Industries said on Wednesday. Nabors ...

This significant growth in the past can be attributed to several factors, including rising energy demand, an increase in the use of artificial intelligence AI and automation, a growing focus on carbon ...

Offshore oil rigs are like small towns out on the water. Here's how many people you can expect to find out there, and how ...

President Donald Trump wants more oil drilling, but one Texas producer expects low prices to send output downward.

Plummeting crude prices could shave 10% off U.S. rig count in first half, Diamondback says. Its CEO says it's slowing as it sees a "red light" ahead..

As you know, there have already been numerous onshore operators that have come out this earnings season and announced they were laying down rigs or slowing their current pace of development ...

ADNOC Drilling has posted a strong start to 2025, reporting revenue of $886 million for the first quarter—an 18% increase ...

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

Diamondback projects onshore oil rigs across the US industry will drop by almost 10% by the end of this quarter, and Chief Executive Officer Travis Stice wrote that American output is “at a ...

Valaris Ltd, the Bermuda-headquartered offshore drilling company, has agreed to sell its jack-up rig Valaris 247 to BW Energy for approximately $108 million in cash. The sale is expected to close ...