The Trump Administration has revised offshore drilling rules to increase oil production in the U.S. Gulf by allowing greater pressure differences and accelerating project approvals.

Russia's oil producers have been drilling at a pace not seen in at least five years as the nation readies for both a ...

Russia is accelerating new oil well drilling to the fastest pace in five years, showing resilience to Western sanctions despite a recent decline in oil prices.

The last remaining state-of-the-art newbuild drillship available for purchase is located in Singapore, but is struggling to ...

The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf of Mexico, changes it expects ...

Matador Resources beat expectations for Q1 adjusted earnings and revenues and announcing a $400M stock buyback program.

Much has changed in the Gulf Coast region in the years since the Deepwater Horizon blowout and oil spill. In this piece, ...

Drilling for oil is essential to the Permian Basin and across the country by powering the economy and providing workforce ...

March, the spot price of WTI crude was almost $68/barrel. Oil fell to $55/barrel on April 9, after Trump announced on April 2 sweeping tariffs of at least 10% on 180 countries. Tariffs were paused on ...

Extending the lifespan of its existing rigs, ensuring maximum uptime and delivering consistent performances in the drilling ...

With moves into deeper waters becoming more common as the search for new hydrocarbons continues, the regulatory framework needs to change.

Headwinds in its energy equipment segment include rampant inventory cannibalization and overall reduced demand for new builds. Overexuberant investment in rig equipment throughout the 2010s left most ...