offshore oil drilling

How to Reduce the U.S. Deficit: Sell Some of America's Icons?

Would the U.S. government really consider selling the Hoover Dam, all the gold in Fort Knox, or the naming rights to the Grand Canyon? That may depend on how desperate it is to balance the budget. Here are nine big U.S. assets whose auction could take a real bite out of the deficit.

Why the Latest Oil-Rig Fire Is No BP Oil Spill Repeat

The news of a fire on a Mariner Energy-owned oil-rig platform in the Gulf drew instant comparisons with the Deepwater Horizon rig that exploded in April and caused the huge BP oil spill. But stark differences exist between the two incidents.

U.S. Government Issues a Revised Drilling Ban

The Obama administration issued a revised moratorium on offshore drilling Monday that's no longer based on drilling depth. The new edict supersedes a previous ban that called for a blanket offshore deepwater drilling moratorium.

Noble to Acquire Frontier Drilling in a $2.16 Billion Deal

Noble is looking to strike it rich with a $2.16 billion acquisition of FDR Holdings, also known as Frontier Drilling. Noble, an offshore drilling contractor, is seeking to expand its footprint in the mid- and deepwater drilling zones.