At latitude 71.3 north, it will be 140 miles closer to the pole than Russia's Prirazlomnoye platform in the eastern Pechora Sea—the only other offshore rig currently producing oil in Arctic ...

Helmerich & Payne said it received notices of contract suspensions for an additional nine rigs in Saudi Arabia, bringing the ...

A month has gone by since the last earnings report for Helmerich & Payne (HP). Shares have lost about 11.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue ...

TotalEnergies is deepening its presence in Brazil’s pre-salt offshore sector by acquiring an additional 3% in the Lapa oil field from Shell, while divesting from the Gato do Mato project.

Wright bristled at the idea of policy “in the name of climate change” that he said would have no impact on climate change. Stopping oil production in Alaska doesn’t change demand for oil, he said.

Oil flow through the trans-Alaska pipeline peaked at about 2 million barrels in the late 1980s. In 2011 — a year in which an average of about 583,000 barrels of oil a day flowed through the ...

Oil flow through the trans-Alaska pipeline peaked at about 2 million barrels in the late 1980s. In 2011 — a year in which an average of about 583,000 barrels of oil a day flowed through the pipeline, ...

President Donald Trump wants to double the amount of oil coursing through Alaska's vast pipeline system and build a massive natural gas project, a top administration official said Monday.

President Donald Trump wants to double the amount of oil coursing through Alaska's vast pipeline system and build a massive natural gas project as its “big, beautiful twin,” a top ...