(CN) – Oil companies operating in coastal waters ... may have to foot considerable bills to help shutter two major rigs falling into disrepair in coastal waters. “Rincon Island’s platform off Ventura ...

As it stands, roughly 12,000 offshore oil and gas rigs pepper the world's coastlines. These platforms typically operate for between 20 and 40 years. Industry experts believe that thousands of ...

In the oil patch, the roughnecks say ... 22 pilot wells to a depth of about 10,000 ft., the rig will be towed elsewhere. A production platform known as a spar will then be anchored in the middle ...

Sea lions are often spotted resting on the platform during low tide. Photograph by Joe Platko This marine hot spot is one of 23 oil rigs and pipelines off the coast of California, fifteen of which ...

To find pockets of oil and gas under the sea floor, energy companies use loud air guns to create seismic maps. Once a large deposit is found, rigs (also called platforms) more than two miles deep ...

Gwynne Shotwell told reporters last week that SpaceX sold the two oil rigs that SpaceX was converting for launching and landing rockets. Shotwell said they were not the right platform. SpaceX is still ...

Oil and gas rigs in United Kingdom waters of the North Sea could be forced to convert over to green energy or low-carbon fuels, or either face closure or getting banned from opening new platforms ...