Some small U.S. shale producers are putting the brakes on oil drilling as crude prices sink to multi-year lows and steep ...

In the summer of 2010, panic spread across the region when the Deepwater Horizon oil rig exploded​ in the Gulf.

which could leak out if the platform sinks entirely. Petrobras reports that, so far, no oil has leaked from the damaged structure. The rig had stabilized for one day, raising hopes that it could ...

Neft Daşları or "Oil Rocks" was constructed in 1949 by Soviet leader Josef Stalin off the coast of Azerbaijan in the Caspian Sea. The rig originally consisted of just one drilling well and a ...

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since February, ...