Deep-water drilling's best days are behind it. For all the stiff upper lips at the Offshore Technology Conference, most people described a shrinking industry trying to accommodate a new low-price ...

Since the first oil rig in the Gulf of Mexico was built in 14 feet of water off the coast of Louisiana in 1938, offshore oil and gas companies have drilled in ever deeper waters to prospect for black ...

Italy’s Eni has started drilling a deep-water well in Block-52, off the coast of Oman, in what is believed to be the Sultanate's first ever deep-water exploration well. Drillship Pacific Bora, owned ...

SHANGHAI -- China Petroleum & Chemical Corp. is aiming to drill its first deep-water well next year in the South China Sea, ending a moratorium on exploration in waters near areas disputed by Vietnam, ...

BHP Billiton hit natural gas at the first deep-water well ever drilled offshore Trinidad & Tobago and is now drilling ahead on a second deep wildcat. The Australian minerals giant "encountered gas in ...