It’s not just badly needed oil these rigs produce. Turns out they’re great for the food supply and great for the environment as well. The naysayers are out of excuses.

On Dec 28, 2022, Icon Offshore paid a special dividend of 6.7 sen per share, after its disposal of the jack-up oil rig to ADES Arabia Holding, the first time it paid out a dividend since its ...

PETALING JAYA: Icon Offshore Bhd is proposing to dispose of Perisai Pacific 101, a jack-up drilling rig, for US$85mil (RM381.65mil).

The deepest offshore oil well was over 35,000 feet by the Deepwater Horizon, and the Maersk Voyager operated in the deepest waters at 12,000 feet.

It was only weeks before the 2020 election when Joe Biden told Florida voters he would end offshore drilling as president. His campaign pledge was very clear cut. Now, three years later in the ...

Sable Offshore Corp. announced that it resumed oil production at Platform Harmony on Monday, the 10th anniversary of the Refugio oil spill that dumped 120,000 gallons of oil along the Gaviota ...

The country’s first offshore oil drilling rig was built in the Santa Barbara channel in the late 19th century. By the 1920s, wooden piers and oil derricks filled the nearshore waters of ...