The UK-listed oil giant earlier this year hailed the Bumerangue site off the coast of Brazil as the most significant find in ...

CC0 Usage Conditions ApplyClick for more information. At 14,000 tons and 2.5 times the height of the Statue of Liberty, the Piper Alpha oil rig was one of the largest in the world. But on July 6, 1988 ...

Saudi Arabia’s oil drilling giant ADES Holding Company has received 99.6% shareholder approval for its merger with Norwegian rival Shelf Drilling.

The drilling giant saw revenue in the US fall by about 2% year over year to roughly $250 million in the third quarter, while ...

BP said on Thursday that it was progressing plans for its significant Bumerangue discovery, offshore Brazil, and that the ...