“Technology and ingenuity are playing key roles as we have seen the U.S. drilling rig count plummet over the last year, but the amount of oil is still reaching record highs each month lately.

Fourteen years ago, the British Petroleum (BP) Deepwater Horizon offshore drilling rig suffered a blowout in water a mile deep. The Gulf of Mexico explosion took the lives of 11 people ...

BEIRUT — An offshore drilling rig arrived at its destination in the Mediterranean Sea off Lebanon’s coast and will start operations in the coming weeks to search for gas, cabinet ministers ...