S&P Global estimates that deepwater will grow to roughly 20mn barrels of oil equivalent per day by 2030, representing 20 per cent of global production. In comparison, it estimates that shale is ...

and 14 offshore drilling rigs. Of them, 50 were directional drilling rigs, 529 were horizontal drilling rigs and 13 were vertical drilling rigs. So far, the Permian Basin in western Texas and eastern ...

VAL believes that the new contract award demonstrates the drillship's successful record of completing projects in West Africa and highlights its operational efficiency.

Investing.com-- Oil prices edged higher Monday after U.S. President Donald Trump threatened to hit buyers of Russian oil with tariffs, potentially weighing further on global supplies. At 07:00 ET ...

The new measures would represent the most aggressive US siege against Venezuela’s economy thus far, posing the threat of mass ...

It was a week when both oil and natural gas prices logged gains. The headlines revolved around European integrated energy company BP plc’s BP green signal to the Ginger gas project in Trinidad and ...

McCoy Global Inc. ("McCoy," "McCoy Global" or "the Corporation") today announced that its innovative smarTRtm system has been recognized as one of the winners of the esteemed Spotlight on New ...

Interior’s Bureau of Ocean Energy Management issued a rule in April 2024 that requires some lessees of offshore drilling facilities to provide ... Louisiana, Mississippi, Texas, and several trade ...

U.S. Secretary of State Marco Rubio recently traveled to Guyana where he threatened military action against Venezuela.

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that ...