U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy ...

Crippled by a series of mysterious explosions, the world's largest offshore oil rig sunk into the Atlantic Ocean on Tuesday, the state-owned oil company Petrobras announced. The accident has ...

Designed to assist offshore oil rigs, it cost around 2.97bn dollars to build. The world's largest crane ship, which is capable of lifting oil rigs, has set sail from its shipyard in South Korea ...

India's ONGC operates fleet of more than 30 offshore drilling units and is largest operator of jack-up rigs in South Asia ...

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior.

Baker Hughes said oil rigs fell by two to 484 this week, while gas rigs rose by one to 103. In the Permian basin in West Texas and eastern New Mexico, the nation's biggest oil-producing shale ...