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.

Most new oil and gas projects in 2024 were located offshore, where spills can be hard to detect. Researchers at the nonprofit ...

The oil industry’s worst nightmare came true on July 6, 1988. The Piper Alpha oil platform suffered a catastrophic explosion, ...

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 ...

NEW ORLEANS (AP) — Fifteen years after the Deepwater Horizon oil rig exploded off the Gulf Coast, killing 11 and sending 134 million gallons (500 million liters) of crude gushing into the ocean, the ...

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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 ...