Twenty-three aging oil rigs sit in federal waters off California’s coast. Federal leases require companies to completely remove decommissioned rigs, but a state law provides a loophole, allowing an ...

The number of rigs drilling for oil and gas remained flat near a three-year low this week as crude oil prices hover near the feared $50 per barrel threshold. The onshore energy sector lost one net rig ...

The modern reef net rigs use underwater cameras, sonar and lookout towers to spot the fish. Once spotted, the rig uses solar-powered winches to lift the net, guided and assisted by the crew. Fish are ...

The rigs will be used for production and exploration drilling in Statoil-operated licences in the Halten/Nordland area of the Norwegian Sea and the Tampen area of the North Sea. Aker Drilling is ...

The number of drilling rigs actively exploring for oil or gas in Oklahoma rose by four this week to 79, Baker Hughes Inc. reported Friday. The state rig count is 62 percent below the year-ago level of ...