Nearly two-thirds of the oil we use comes from wells drilled using polycrystalline diamond compact (PDC) bits, originally developed nearly 30 years ago to lower the cost of geothermal drilling. Sandia and the U.S. Navy recently ...
Oil giant BP's agreement of a $7.8 billion settlement for victims of the 2010 Gulf of Mexico oil spill will not end its legal headaches or erase the disaster for some US southern coast residents.
British energy giant BP is prepared for a multi-billion-dollar US legal case into the massive Gulf of Mexico oil spill to last until 2014, its chief executive told the Sunday Telegraph.
One of the last significant hurdles to offshore oil drilling in the Arctic was cleared Friday with approval of a plan to deal with a nightmare scenario - an oil spill at the top of the world.
Japanese conglomerate Mitsui will pay $90 million for its role in the Deepwater Horizon disaster, the worst oil spill in US history, authorities said Friday.
Hydraulic fracturing of shale formations to extract natural gas has no direct connection to reports of groundwater contamination, based on evidence reviewed in a study released Thursday by the Energy Institute at The University ...
Environment group WWF on Thursday urged three European banks to block Russian giant Sakhalin Energy's plan to build an oil drilling platform that the group claims could harm the endangered grey whale.
(AP) -- The owner of a northeast Ohio well used to dispose of wastewater from oil and gas drilling plans to remove material from it to help lower its inner pressure following 11 minor earthquakes.
A northeast Ohio well used to dispose of wastewater from oil and gas drilling almost certainly caused a series of 11 minor quakes in the Youngstown area since last spring, a seismologist investigating the quakes said Monday.
US prosecutors are readying criminal charges against British oil giant BP employees over the 2010 Deepwater Horizon accident that led to the catastrophic Gulf oil spill, The Wall Street Journal reported online.