Offshore Oil Drilling | featured news

It's the political cure-all for high gas prices: Drill here, drill now. But more U.S. drilling has not changed how deeply the gas pump drills into your wallet, math and history show....

A new oil sheen was spotted in the Gulf of Mexico, although energy company BP said Thursday the discovery had nothing to do with its operations and was far from the site of its disaster-hit Macondo well.

Oil companies with off-shore platforms in the Gulf of Mexico are taking precautions amid threatening storm forecasts for the area around Mexico's Yucatan Peninsula, including the chance of a tropical cyclone.

Three Greenpeace activists on Sunday climbed up an oil rig off Greenland's coast in an attempt to stop a Scottish oil company from starting deepwater drilling in the arctic waters, the environmental group said....

BP and its chief subcontractors, Halliburton and Transocean, made decisions that increased the chances of a catastrophic blowout, a team of experts said.

The BP oil rig explosion and spill wasn't about anyone purposely trading money for safety, investigators on a special presidential commission said Monday.

Months after the nation’s worst oil disaster, the Obama administration will lift its moratorium on deep-water drilling in the Gulf of Mexico, the White House announced Tuesday morning.

BP's blown-out oil well in the Gulf of Mexico has finally been killed once and for all, five months after an explosion sank a drilling rig and led to the worst offshore oil spill in U.S. history.

Energy companies in the Gulf of Mexico will have to permanently plug nearly 3,500 nonproducing wells and dismantle about 650 unused platforms, the Obama administration says.

BP Plc's ruptured Gulf of Mexico well that caused the biggest U.S. offshore oil spill ever could be killed for good within four days, the U.S. official overseeing the spill response said on Wednesday.