The Coast Guard medevacked a man who was reportedly suffering severe chest pains from an oil rig off the coast of Santa Barbara on Friday.

Oil markets are entering a new phase of uncertainty after the U.S. entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed.

Goldman Sachs estimated a geopolitical risk premium of around $10 a barrel after Brent surged following Israel’s attack on Iran.

Industry experts warn Israel-Iran conflict could push oil to $120 per barrel if shipments through the Strait of Hormuz are disrupted during the tensions.

The oil and gas rig count, an early indicator of future output, fell by four to 559 in the week to June 6, the lowest since November 2021.

U.S. crude oil futures rose about 3% on Monday after OPEC+ increased production at a steady rate, easing investor fears that the group might boost output even faster.

Man Says People 'Don't Realize How Difficult' His Unusual Job Is: 'Didn't Get a Single Day Off in 4 Weeks' (Exclusive) Kevin O'Connor spends four weeks at a time working on an offshore oil rig.

Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they stay in place? Here's what we know.

The total rig count in Canada is up 7 from last week and up 7 from the same period a year ago.

A burning oil rig has collapsed in Siberia. Several people were seriously injured in the accident.

U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on Friday.

If you've ever seen an offshore drilling rig, you know they're absolutely massive. But are these huge rigs, which are essential for oil production, built?