The answer is Goliat, a mammoth, beer-glass-shaped, floating oil platform that’s set to become the northernmost in the world. Last week the 65,000-ton rig arrived for commissioning near the ...

Jack-up rigs are used in shallow waters up to around 500 feet and can drill beyond 5.6 miles. Their long legs — which reach the seabed and elevate the platform above the surface — offer a ...

The oil and gas rig count, an early indicator of future output, fell by four to 559 in the week to June 6, the lowest since November 2021. Oil rigs fell by nine to 442 this week, while gas rigs ...

The number of oil rigs fell by 4 to 461 after falling by 8 during the previous week—and down by 35 compared to this time last year. The number of gas rigs rose by 1 this week, to 99 for a loss ...

The total U.S. rig count is made up of 465 oil rigs, 98 gas rigs, and three miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 511 horizontal rigs ...

This oil rig was worth $350 million - until workers made a fatal mistake. Waterline Stories. The Oil Rig Disaster That Cost $350 Million. Posted: May 27, 2025 | Last updated: May 27, 2025.

CNOOC has installed its largest and heaviest offshore platform in the Bohai Sea and started production at a new South China Sea field, underscoring its record-breaking momentum in domestic oil and ...

Over 50 migrants were headed to the Italian island of Lampedusa Sunday after a charity ship rescued them from an abandoned oil platform in the Mediterranean, where one woman gave birth, according ...

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes said in ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely ...

Asia’s largest offshore oil platform now doubles as CCS site. Project captures CO₂ produced during oil extraction, compresses it and injects it deep beneath the seabed to enhance oil recovery ...