The $5 billion project in the Gulf of Mexico is expected to help produce up to 10 billion barrels of oil by the end of this decade. Critics say it could endanger people and marine life.

The number of oil and gas rigs actively drilling in the U.S. remained unchanged at 551, Baker Hughes reported Friday in its latest weekly survey. During the week ended February 13, drilling rigs ...

1528 ET – Crude oil futures settle the day slightly higher, but still finish the week losing ground. For the week, crude oil fell 1% to $62.89 a barrel. This afternoon’s Rig Count Report from Baker ...

A long history of underinvestment, extreme political risk, and organized crime. These are just some of the issues that U.S. oil and minerals companies might face if they were to set foot into ...

Inside Climate News reports that an oil rig fell over in the Alaskan Arctic and burned. This will raise the pitch of the debate over whether oil companies should be allowed to operate in that area at ...

The drilling rig toppled last week during ConocoPhillips’ winter seismic and exploration work. An oil rig traveling in the far reaches of Alaska’s North Slope crashed last week, renewing concerns ...

An oil rig en route to an oil exploration effort in the Alaskan Arctic toppled onto the tundra. Credit: Doyon Drilling photo via the Alaska Department of Environmental Conservation When ConocoPhillips ...

A winter oil-drilling campaign planned by ConocoPhillips will proceed without interruption despite the dramatic wreck of an oil rig over the weekend. Doyon 26, claimed to be the largest mobile oil ...

The oil rig that crashed into the frozen ground on the North Slope near Nuiqsut Friday remains too unstable for responders to access the scene, state officials said. While no serious injuries were ...

A massive oil rig that toppled over on the North Slope near Nuiqsut on Friday was considered too unstable on Monday for responders to approach. Alaska Department of Environmental Conservation noted ...

A massive oil rig that tipped over and crashed to the tundra near the North Slope village of Nuiqsut on Friday was part of an ongoing and disputed exploration program in the National Petroleum Reserve ...