Offshore Oil Drilling, Deepwater Oil Drilling | featured news

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.

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.

The Texas attorney general sued the Obama administration on Wednesday over its new deepwater offshore drilling moratorium, claiming that it is unjustified and that federal officials did not contact the state before issuing the ban.

BP said today its attempt to place a new cap on its ruptured undersea well was proceeding as planned. But while robots replace the old cap, crude is flowing freely.

The owner of the Deepwater Horizon rig, which is spewing oil into the Gulf of Mexico, on Tuesday criticized President Barack Obama's six-month ban on deepwater drilling.

President Barack Obama will announce on Thursday that a moratorium on deepwater oil drilling will continue for six months while a commission studies the reasons for the Gulf of Mexico spill, a White House aide said.