Thirty crew members were rescued from the vessel, while one person remains missing, Peru's defence ministry says.

The CEO of Diamondback Energy said in a letter to shareholders that falling oil prices will lead to a decline in US ...

Interior said Friday that a rule implemented in 2024 to impose supplemental financial bond requirements on offshore drilling ...

A routine task turned into a financial catastrophe. This oil rig was worth $350 million - until workers made a fatal mistake.

LIMA (Reuters) - A Peruvian navy vessel collided with an oil platform operated by Perenco on the Amazon River, killing at least two people, Peru's defense ministry said on Friday.

Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...

US independent EOG Resources is looking to fast-track a new shallow-water oil discovery in Trinidad & Tobago in an area ...

Shipbuilding has come a long way since the days of sail and wooden hulls. These ships carry out some wild missions thanks to ...

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The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year. The number of gas rigs rose by 2 this ...

The University of Southern Mississippi has had researchers involved since the early stages of the 2010 disaster.

Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc, have signed an agreement to increase their ...