Arabian Drilling Company's independent leg jackup rig AD19, formerly the Sedneth 202, collapsed and sank offshore Saudi Arabia following an accident that occurred as the rig was being positioned ...

It could drill up to 1,250 feet and is one of the 20 ships and rigs Aban owns, according to the company’s website. Agency reports said, Aban Pearl was being operated by Venezuela’s state oil ...

An oil rig in the Gulf of Mexico that caught fire after an explosion on Tuesday night has now sunk, the US Coast Guard has said. A search is continuing for 11 missing workers after the blast at ...

Diamond Offshore Drilling (NYSE:DO) -2.1% in early trading Tuesday after saying equipment on a rig under lease to BP (BP) ...

According to data from Baker Hughes BHI, the number of rigs drilling for oil and gas has fallen by about 20% in the past year. This decline reversed a steady increase that began after the rig ...

It's thought to be the largest and oldest offshore oil mining rig in existence ... But though its feared the structure is sinking, dismantling it would be more expensive than keeping it ...