The price of crude oil is steadily declining, leading to the abandonment of oil rigs in Scotland and other countries. Disassembling these massive rigs, which weigh around a thousand tons each, is ...

A Sea-Watch rescue ship arrived in Lampedusa Saturday carrying 44 migrants rescued from an abandoned oil rig in the Mediterranean. Sea-Watch, a non-profit sea rescue group, said the migrants were on ...

Drilling surge sees abandoned jack-ups back in high demand The past year has seen a fast inventory drawdown of abandoned and idle offshore rigs in Chinese yards, as drillers snap up units in response ...

Chinese yard Dalian Shipbuilding Industry Offshore (DSIC Offshore) has signed an agreement to reactivate the jack-up drilling rig West Proteus, which was ordered but later abandoned by Oslo-listed ...

By Marianna Parraga and Ana Isabel Martinez April 27 (Reuters) - Oilfield service companies that for years kept rigs and specialized equipment stored in Venezuela have begun removing them from ...