Thousands of oil and gas rigs are becoming redundant around the world – and taking them out of service, known as decommissioning, is a multi-billion dollar business. It’s also a complex operation ...

“It's real, it's real. They are firing at us”, replies the oil rig worker. The attack was the latest in a troubling surge of piracy in the Gulf of Mexico that is causing alarm in maritime ...

Installed in 2,860 feet (871.7 m) of water, the Auger TLP reportedly set a world water-depth record for a drilling and production platform, and surpassed the existing Gulf of Mexico record by more ...

Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the BW Pioneer ...

Some oil companies have begun evacuating personnel from offshore oil platforms in the Gulf of Mexico on a precautionary basis. Companies that have announced evacuations include Shell, Chevron ...

BP is weighing the sale of minority stakes in two Gulf of Mexico projects, with each project estimated to be worth billions of dollars to the company, two sources with knowledge of the matter said on ...

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a 49-year-old fisherman in Cameron, La., who voted for Trump. “I always wondered why they called it that anyway,” he said of the Gulf of Mexico. As far as British oil giant BP is concerned ...

Mexico's state oil company Pemex expects to continue diverting barrels of heavy crude away from U.S. Gulf Coast refiners as its new Olmeca refinery ramps up processing, the head of the company's ...

BP reportedly is considering a sale of minority stakes in two Gulf of Mexico projects, with each project estimated to be ...

The Biden administration has agreed to auction off oil and gas leases for over 73 million acres of federal water in the Gulf of Mexico. The decision comes just after President Biden approved the ...