Oil and gas rig companies operating in the waters off the UK in the North Sea could face being shut down if they do not convert platforms to green electricity or low-carbon energy.

The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore ...

BP is seeking to bolster oil and gas in its portfolio to regain investor confidence and revive underperforming shares.

Petrobras has announced a reduction of $1.1bn in its planned investment for decommissioning oil and gas platforms by the end of 2029, reported Reuters, citing the company. The Brazilian state-run ...

An oil rig in the Gulf of Mexico, off the coast of Holly Beach, Louisiana. The Gulf is one of the richest deposits of offshore oil and gas in the world, and almost 600 unused rigs have been left ...

In China, the Chinese National Offshore Oil Corporation (CNOOC) announced the launch of its enormous Marjan oil and gas offshore collection and transportation platform, one of the world’s ...

A total of 16 oil and gas production platforms were evacuated by Ian on Wednesday, compared to 14 the day before, the regulator said.Some 128 million cubic feet, or 6%, of gas production in the U.S.

Energy Domain, a tech-enabled online marketplace based in Fort Worth, has closed a $5 million Series A funding round. The funds will be used to finalize the development of their new platform ...

Hilcorp’s Spurr platform, photographed in 2023, has not produced any oil or gas since 1992. (Nathaniel Herz for Alaska Public Media) The Spurr oil platform stopped pumping crude from beneath the ...

More than 2,700 offshore oil and gas wells and 500 platforms are overdue for decommissioning in the Gulf of Mexico alone, according to a recent report from the Government Accountability Office.

Anyone traveling down the Southern California coast can wave goodbye to the oil and gas platforms that have long loitered on the horizon. Everything must go, the Bureau of Safety and Environmental ...

Of the 17 platforms, 15 are now owned by Hilcorp, a company that specializes in managing “mature” oil fields. Six no longer produce oil and gas, and four have been offline for a decade or more.