BP has pledged $1 billion to jump-start projects aimed at restoring the US Gulf Coast after last year’s massive oil spill, officials said Thursday.

AIM-listed indie in frame for Philippines exploration acreage to complement Chuditch asset offshore Timor-Leste ...

RIG lands a new contract with an undisclosed operator in the US Gulf of Mexico for the Deepwater Conqueror drillship.

Nov WTI crude oil Monday closed up +1.34 (+1.94%), and Nov RBOB gasoline closed up +1.27 (+0.63%). Crude and gasoline prices Monday posted moderate gains. Monday's action by Chine ...

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Italian energy company Eni and British oil giant BP have resumed exploration in Libya ... U.S. energy firms kept the number of oil and natural gas rigs unchanged this week, with the count falling ...

Nov WTI crude oil (CLX24) today is up +1.64 (+2.32%), and Nov RBOB gasoline (RBX24) is up +4.97 (+2.47%). Crude and gasoline ...

Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with ...

Transocean is in talks to merge with rival offshore drilling contractor Seadrill, according to people familiar with the ...

BP has reached an $18.7 billion settlement with the federal government and five states, effectively ending litigation stemming from the 2010 Deepwater Horizon rig explosion and subsequent oil spill.

Owners will need to invest in their fleets to keep them viable and effective for the next generation of subsea projects in ...