The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 552 ...

NEW ORLEANS — A deep-water oil platform that burned for more than a day after a massive explosion sank into the Gulf of Mexico on Thursday, creating the potential for a major spill and underscored the ...

There’s little hope of finding 11 workers missing since Tuesday’s explosion on the oil-drilling rig Deepwater Horizon in the Gulf of Mexico. BP PLC, the company that leases the rig, is leading the ...

The oil rig that exploded, caught fire and then sank 36 hours later could lead to a major oil spill, officials said Thursday.

The number of active oil rigs rose by 4 to 411 during the latest reporting period, according to the data. This is 75 below this same time last year. The number of gas sunk by 2, reaching 132, which is ...

West Texas Intermediate oil fell below $55 a barrel for the first time since February 2021 on signs that supply is outpacing demand, while progress in Ukraine peace talks could lead to a deal that may ...