This guide provides an overview of offshore oil and gas drilling, including its process, ideal locations, necessity, environmental impact, and potential solutions to reduce its impact while still ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes ...

Long before offshore oil rigs are put together, much less sent out into the open ocean, they're expertly designed. Schematics are drawn up, and in many cases, engineers will take these plans and ...

Countries across Africa are preparing for the projected oil boom, and Nigeria is taking its position in the offshore production which is expected to take the lead.

Around 15% of U.S. oil production comes from federal offshore acreage, mainly in the Gulf of Mexico, a share that has been falling sharply in the last decade as drilling onshore booms, according ...

The Biden administration announced Friday it is planning as many as three new oil and gas drilling lease sales in federal waters over the next five years – a move that could anger Republicans ...

Biden bans new offshore oil drilling off California, most U.S. coastal waters Landmark decision affects 625 million acres on Pacific Coast, Atlantic Coast, eastern Gulf of Mexico and parts of Alaska ...

Fellow forecaster Rystad Energy in 2023 saw investments in offshore oil and gas drilling at $100 billion annually for 2023 and 2024. This year, it is expecting 2024 investments to reach $104 billion.

We had close-ups, too, of coral and sponges, the very things disappearing off Florida’s pampered reefs, even though it bans offshore drilling. So it’s not just badly needed oil these rigs produce.

The move to ban new offshore oil and gas drilling in most U.S. coastal waters includes the entire East Coast, the eastern Gulf of Mexico, the Pacific off the coasts of Washington, ...