Oil, 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.

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.

Federal official calls for additional pressure tests before he will give the OK to finish drilling a relief well intended to help plug BP's runaway well for goodGulf Oil Gone?

Spill from blowout is degrading rapidly in warm waters, becoming tougher to find, director says.

BP is set to begin drilling off Libya amid safety concerns over the Gulf of Mexico spill and accusations over the Lockerbie bomber.

China and environmental observers said cleanup efforts on the country's largest reported oil spill were progressing Thursday, but the environmental and economic damage was clear.

Engineers fighting the Gulf oil spill are confident that the cap over the well is strong enough that they may be able to plug it up soon.

The recently recapped oil well in the Gulf of Mexico could remain closed until the relief well is drilled if tests remain favorable, a BP official said Sunday morning.