Last year, the Trump administration announced plans to open up California’s coast to off-shore oil and gas drilling.

California continues to fight the Trump administration after it defied state officials to restart oil drilling off the Santa Barbara coast in the name of national security.

Cargo vessels are seen anchored offshore, sharing space with oil platforms, before heading into the Los Angeles-Long Beach ports. (File photo by Eugene Garcia/Associated Press) Rep. Mike Levin on ...

Transocean Ltd. RIG and Valaris Limited VAL have announced a definitive all-stock agreement that will combine two of the offshore drilling industry’s most established players. Valued at approximately ...

Nature lovers, scientists and politicians worry the beloved California coastline, from the Redwoods to Santa Monica, will be endangered by the Trump administration's latest call for expanded offshore ...

WASHINGTON (AP) — The Trump administration announced on Thursday new oil drilling off the California and Florida coasts for the first time in decades, advancing a project that critics say could harm ...

Offshore drilling contractor Noble Corporation (NYSE:NE) reported Q1 CY2026 results topping the market’s revenue expectations, but sales fell by 10.2% year on year to $785.7 million. Its non-GAAP ...

Valaris Limited reported a first-quarter 2026 net loss of $18 million as the Bermudian-domiciled offshore drilling company ...

Petrobras PBR, the Brazilian state-run integrated oil and gas giant, recently announced major contract extensions for offshore drilling operations in the country’s prolific Santos Basin. The extended ...