Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Try as so many private and government organizations might, switching everywhere on Earth over to clean, renewable energy — including some strange sources being explored — is still a long way away.

Offshore oil projects are experiencing a resurgence due to higher prices, leading to a boom in the floating rig business. The World Bank predicts a historic oil glut due to factors like rising ...

Oil rigs are structures used to extract crude oil and natural gas from beneath the Earth's surface, and there are many spread all over the globe. While most people think of offshore oil platforms as ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. MIDLAND, TX - JULY 29: President Donald Trump speaks to city ...

US oil and gas drilling rig activity increased this week with the addition of 7 rigs, bringing the total working rigs to 549. This week’s count, however, is down 38 rigs from the comparable period a ...

The partnership would follow a gain-sharing model based on recovery and production improvements, with the partner holding ...

North America added six rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on November 7. The total U.S. rig count increased by two week on week ...