The compromise would streamline environmental approvals for new wells in oil-rich Kern County and make offshore drilling more ...

Conservative Party leader Kemi Badenoch will pledge to make North Sea oil a “cornerstone” of the UK economy amid concerns ...

In a bid to stabilize struggling crude-oil refineries, state lawmakers on Saturday passed a last-minute bill that would allow ...

BP, in those days British Petroleum, first extracted gas from under the North Sea in 1967. It marked the start of what was to ...

President Biden announced an 11th-hour executive action on Monday that bans new drilling and further oil and natural gas development on more than 625 million acres of U.S. coastal and offshore waters.

Despite a friendly posture towards the oil and gas industry, Trump also moved to ban offshore drilling while president. After proposing a major expansion in offshore drilling early in his first term, ...

President Biden is using a decades-old law to block drilling for oil in more than 625 million acres of U.S. ocean — the largest region a president has ever protected using this authority. It's a move ...

In the closing weeks of his term in office, President Joe Biden on Monday permanently blocked new oil and gas offshore drilling in large swathes off the Atlantic, Pacific and Florida Gulf coasts.

SAVANNAH ― Opening the Georgia coast to offshore drilling is again under consideration, and the public has until Monday to comment. The federal agency that manages energy resources along the Outer ...

(Reuters) - U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision President-elect Donald Trump, who has vowed to boost domestic energy ...

How big is the largest oil rig in the world? Find out more about the location, capacity, impact, and other facts about this ...

As 2014 draws to a close, it will be remembered as an absolutely awful year for the offshore drilling industry. As we see in the chart below, the best performing offshore drilling stock is off 44% ...