Thirty crew members were rescued from the vessel, while one person remains missing, Peru's defence ministry says.

A routine task turned into a financial catastrophe. This oil rig was worth $350 million - until workers made a fatal mistake.

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Interior said Friday that a rule implemented in 2024 to impose supplemental financial bond requirements on offshore drilling ...

LIMA (Reuters) - A Peruvian navy vessel collided with an oil platform operated by Perenco on the Amazon River, killing at least two people, Peru's defense ministry said on Friday.

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A Peruvian navy vessel collided with an oil platform operated by Perenco on the Amazon River leaving two people dead and one missing Peru's defense ministry said on Friday.

Shipbuilding has come a long way since the days of sail and wooden hulls. These ships carry out some wild missions thanks to ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year. The number of gas rigs rose by 2 this ...

Crude futures slid after OPEC+ agreed to raise output by 411,000 barrels a day in June, speeding up the gradual return of 2.2 million barrels a day in voluntary production cuts.

BP has shifted its strategy back to oil and gas production under new CEO Murray Auchincloss, aiming for 2.5 million bpd by ...