Officials are exploring the option of vertical drilling too as the heavy-duty auger machine that was used in the horizontal drilling throug...

The company backed by Saudi Arabia's PIF sovereign wealth fund is expected to price its shares at 13.50 riyals ($3.60), the bank said in a ...

The trailers - carrying pipes, generators and computers - are called “mining rigs.” But their owners aren’t there to drill for oil. They ar...

Moody's said while a short-term demand shock in China will increase oil price volatility.

US drillers increased the rig count by six to 747 last week, the highest level since April 2015.

Crude has declined more than 10 per cent since hitting a 2016 peak in early June, stoking fears of another second-half slump.

Cairn India, the nation’s biggest onshore oil driller, is targeting an 18% increase in output from its wells in the northern state of Rajas...

A year after oil sank into a bear market, the industry is still hunkering down for a long period of low prices, with Europe’s biggest produ...

Drillers' debt ballooned to $235 billion at the end of the first quarter, a 16% increase in the past year, even as revenue shrank.

Shale oil drillers are headed for a major debt crisis.The shale boom was fueled mostly by debt, which has grown 16% in the first quarter.

Offshore oil drilling rig contractor Aban Offshore Ltd said it has won a contract for deploying jack-up rig Deep Driller 1.

Crews working to seal BP's blown-out well in the Gulf of Mexico once and for all need to finish one more test on a cement plug before decla...

Energy chiefs defended deepwater oil as crucial to meeting future demand, telling a conference a prolonged US drilling ban in response to t...

Investors pummeled shares of oil drillers and BP on Tuesday, after President Barack Obama talked tough about dealing with the worst oil spi...

Drilling and oil field services provider Aban Offshore today said it has secured a contract worth $ US 241 mn (about Rs 1,133 crore) in Mal...

Aban Offshore made gains Thursday after its subsidiary received a letter of award for $25 million from PTTEP International for a three well...

Aban Offshore has been in the limelight over the past few trading sessions - the stock has appreciated 15% over the past week.