In order to continue meeting production demands, oil companies are forced to drill deepwater wells which can lie a mile or more below the ocean's surface. Deepwater drilling is extremely expensive and poses its own unique set of technical challenges, but there are several companies up to the task. With oil prices continuing to rise, deepwater drilling can be a very profitable endeavour for both drilling companies and those who supply the equipment. Read More

The U.S. imports 10 million barrels of oil a day, with Europe and Japan close behind. If that import dependence strikes you as all bad news, think again. The booming oil trade offers investors a shot at earning dividend yields as high as 25 to 30 percent annually on oil tanker shipping companies. Read More