An increasing amount of oil and gas is being extracted from energy-rich shale oil fields, from the Permian Basin in the ...

The U.S. Energy Information Administration's short-term outlook for oil prices forecast a slide in prices, potentially ...

Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.

Associated gases put oil rigs in a real lose-lose scenario: burning the gas is an environmental hazard of its own, but the alternative — venting the gas directly into the atmosphere — is just ...