Brazil's government is preparing an extra auction this year of stakes in offshore oil areas to raise revenue, a plan which is gaining steam due to falling oil prices and rising uncertainty from U ...

Working on offshore oil rigs is no easy job. These workers face extreme weather conditions, long shifts, and physically demanding tasks in some of the most isolated places on Earth. But despite ...

The project, currently underway and set to continue through to 2026, highlights the precision, resilience, and innovation required for offshore environments. The rehabilitation involved a 600NB steel ...

the company is seeking to restart production of the Santa Ynez oil operation, which includes three offshore rigs, according to an investor presentation by the company. Operations stopped after the ...

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have entered into a Joint Bidding Agreement with Turkiye state-owned oil and gas company, to jointly participate in the offshore bidding round.” He expressed optimism that the partnership would ...

Typically, producers respond to oil price moves with a lag of a few months. To gauge how low prices can go before producers lay down rigs, investors often look at breakeven prices to profitably ...

RIG, a leading international provider of offshore contract drilling services for oil and gas wells, stands to largely benefit from the US government’s plan to bolster energy supply to unlock the ...

have entered into a Joint Bidding Agreement with Turkiye state-owned oil and gas company, to jointly participate in the offshore bidding round.” He expressed optimism that the partnership would ...

(Bloomberg) — A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public ...

On March 27, the Department of the Interior (DOI) published a press release that announced “the disbursement of approximately $353.6 million in energy revenues” to various states along the Gulf of ...