OSLO, Norway (AP) – Statoil on Wednesday evacuated 326 oil rig workers from a North Sea platform after the structure began to tilt, the Norwegian oil company said. Company spokesman Ole Anders Skauby ...

Offshore oil projects are experiencing a resurgence due to higher prices, leading to a boom in the floating rig business. The World Bank predicts a historic oil glut due to factors like rising ...

RIO DE JANEIRO, Brazil (AP) -- The world's biggest floating oil rig sank in the South Atlantic on Tuesday, and the state oil company Petrobras said some of the 300,000 gallons of diesel fuel on board ...

RIO DE JANEIRO, Brazil - The world's biggest floating oil rig sank in the South Atlantic on Tuesday, and the state oil company Petrobras said some of the 300,000 gallons of diesel fuel on board had ...

'It's at the bottom of the sea.' Rescue crews, try to save the sinking P-36 oil rig on Monday about 80 miles off the coast of Macae, Brazil. The Brazilian Petrobras oil company said the rig sank in ...

Chinese yard CIMC Raffles has won a contract from Italian major Saipem to convert its semi-submersible drilling rig Scarabeo 5 into a floating production unit for operation offshore West Africa. The ...

MOSCOW, Dec 18 (Reuters) - An oil drilling platform that capsized off Russia's Far Eastern island of Sakhalin has sunk And most of the 67 crew are unaccounted for, an Emergencies Ministry official was ...