Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling into deeper and deeper waters, where the payoffs can be ...

British families of those killed in a Norwegian oil rig disaster have welcomed a decision to set up a compensation scheme ...

A normal day on an oil rig in Mexico turned into a nightmare when an explosion tore through the platform. This documentary explores how the disaster unfolded, the lives lost, and the lessons learned ...

When an explosion on an oil rig in the Gulf of Mexico claimed the lives of 11 people, the incident was declared a tragedy. Now, with the rig at the bottom of the Gulf and thousands of gallons of oil ...

Amid cautious optimism that a "top kill" effort to cap the leaking well causing the Gulf oil spill is working, President Obama banned new offshore drilling Thursday until further notice.

When fire erupted on a Mexican offshore rig, officials called it an accident but survivors told a different story. This ...

BP's shoddy risk assessment and poor communication played a major role in the explosion of the Deepwater Horizon oil rig and deaths of 11 rig workers last April, a presidential commission says in a ...

If approved, BP aims to begin drilling in the Kaskida project in 2029 using high-pressure technology that could harvest up to ...

The BP oil disaster holds a valuable lesson for investors. June 22, 2010 — -- Investors, take notice. The BP oil spill has taught us once again that no stock is immune from potential disaster. No ...

Later today, oil services and technology company Baker Hughes will release its U.S. rig count, which is the tally of active oil rigs in the country. Since the spring, rig count has declined, reaching ...