LONDON, June 3 - BP has jumped from crisis to crisis in recent years, severely eroding the British firm’s stature as one of the world's leading oil companies. Given the increasingly challenging ...

BP to Use Noble Rig for Six NEP Wells. Under the newly signed agreement, the Noble Innovator will drill six firm wells starting in the third quarter of 2026, with options for two additional wells.

At latitude 71.3 north, it will be 140 miles closer to the pole than Russia's Prirazlomnoye platform in the eastern Pechora Sea—the only other offshore rig currently producing oil in Arctic ...

May 30 (Reuters) - BP (BP.L), opens new tab on Friday said it has appointed U.S. oil and gas industry veteran David Hager as a non-executive director effective June 2. Hager held various roles at ...

These floating oil rigs are mobile and are fit for deeper, rougher waters. They in water between 1,600 and 10,000 feet and drill up to 6.2 miles.

The State Oil Company of Azerbaijan Republic (SOCAR) has reportedly signed new agreements with Exxon Mobil and bp for oil and gas exploration in the country. This collaboration aims to sustain ...

The number of oil rigs fell by 4 to 461 after falling by 8 during the previous week—and down by 35 compared to this time last year. The number of gas rigs rose by 1 this week, to 99 for a loss ...

Brazil’s government is looking to extract some $6.2 billion from the country’s oil industry in a bid to shore up state finances, Bloomberg has reported, saying one way to get more money out of ...

10 years after BP spill: Oil drilled deeper; rules relaxed. Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are ...

The total U.S. rig count is made up of 465 oil rigs, 98 gas rigs, and three miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 511 horizontal rigs ...

US drillers pumped a record amount of oil in March, but the final number came in lower than government figures previously indicated. Total liquids production rose to an all-time high of 20.8 ...