Gulf Energy has secured and contracted an onshore oil rig as part of its preparations to deliver first oil from the South Lokichar Basin before the end of the year.The company said that it secured a ...

Gulf Energy E&P BV has acquired an onshore oil drilling rig valued at over Sh2 billion ($15 million) for the Lokichar oil project, as it targets first oil production before the end of this year.The ...

Transocean Ltd. (NYSE:RIG) is one of the best high volume stocks to invest in now. On February 20, Transocean reported strong ...

Opinion: Florida veteran who voted for Trump is calling on him to block a Gulf drilling proposal that he says endangers ...

In November 1980, a drilling error near a Louisiana salt dome triggered one of the strangest industrial disasters in U.S.

Kenya expects to begin commercial oil production and initial exports from the South Lokichar basin by December 1, 2026, a ...

The Egyptian Ministry of Petroleum and Mineral Resources has announced the start of crude oil production from a new well, ...

Oil spills in oceans can spell disaster for ecosystems, but options for mitigating them are limited and can come with their own environmental challenges. A new "fire tornado" from Texas A&M University ...

Canada has added 2 rigs for the week ended Feb. 20, according to Baker Hughes data. The increase puts the total number of rigs running in Canada at 224, 20 fewer than the 244 units drilling this week ...

K barrels/day up—true or hype? Know about the State of Union Address, SOTU 2026 Trump’s oil claim on Feb. 24 speech facts, ...

In September, a rig used to drill wells in shallow waters completed the long trip from China to Venezuela's oil-producing ...