Iraq's largest oil rig has completed a critical phase at the Majnoon oilfield to increase the country's oil output.

US President Donald Trump promised to ‘drill, baby, drill’. After a year in office, the US oil rig count is steadily declining, but production is on the up.

RIO DE JANEIRO, Brazil (AP) The world s biggest floating oil rig sank in the South Atlantic on Tuesday, and the state oil company Petrobras said some of the 300,000 gallons of diesel fuel on board had ...

HOUSTON, Sept 8 (Reuters) - The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could ...