Offshore oil rigs have made it possible to collect oil and natural gas from below the ocean's floor, appearing as massive megastructures in the middle of open water. Given their sheer size and ...

With crude prices at multi-year lows, the US oil industry is at a "tipping point," a top energy exec said. A historic production boom is at jeopardy if prices don't stabilize. America's oil boom ...

Oil prices settle lower despite ongoing supply disruption concerns By Investing.com - Oct 11, 2024 1 Investing.com-- Oil prices settled lower Friday despite ongoing supply disruption concerns as ...

Porsha Williams' poolside remarks about Angela Oakley and husband Charles Oakley landed her in hot water on The Real Housewives of Atlanta Season 16 — but there's even more to the story that you ...

ADNOC Drilling has secured a major $806 million contract from ADNOC Offshore for three new-generation island rigs to support the expansion of the offshore Zakum development, the company announced ...

June WTI crude oil (CLM25) Wednesday closed down -1.02 (-1.73%), and June RBOB gasoline (RBM25) closed down -0.0367 (-1.78%). Crude oil and gasoline prices on Wednesday gave up an early advance ...

That’s been happening for oil lately. Demand is dropping amid economic anxieties triggered by Trump’s trade war. Soaring prices for steel and rig parts are chilling investment. And a surge in ...

NEW YORK (Reuters) - Oil prices climbed about 4% on Tuesday on signs of higher demand in Europe and China, rising tensions in the Middle East and as buyers emerged the day after prices collapsed ...

June WTI crude oil (CLM25) today is up +2.47 (+4.32%), and June RBOB gasoline (RBM25) is up +0.0543 (+2.68%). Crude oil and gasoline prices today are sharply higher. Today's weaker dollar is ...

but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales. Upstream companies often face significant financial hurdles since drilling and mining ...