Tag: rig

• Friday, May 14th 2010 - 01:22 UTC

  Indian Sub-Submersible Gas Rig Sinks off the Coast of Venezuela

  

  Aban Offshore (BOM:523204), India’s largest offshore drilling and oil field services provider, suffered a major setback on Thursday, when its gas platform Pearl sunk off the coast of Venezuela. This was one of Aban’s biggest money spinning rig earning 358,000 US dollars a day.

• Saturday, May 1st 2010 - 08:08 UTC

  As BP Oil Spill Advances; Florida Declares State of Emergency

  

  State of Florida Governor Charlie Crist declared on Friday a state of emergency in coastal counties because of the threat from the oil spill in the Gulf of Mexico.

• Friday, April 30th 2010 - 05:35 UTC

  Out of Control Oil Spill Reaches Louisiana Coastline; BP Shares Plunge

  

  Oil started washing ashore on the US Gulf Coast from a leaking offshore well, the US Coast Guard reported. Up to 5,000 barrels of oil a day are thought to be spilling into the water after last week's explosion on a BP-operated rig (NYSE:BP), which then sank.

• Monday, April 26th 2010 - 05:40 UTC

  Huge Operation to Stop Oil Leaking from Gulf of Mexico Well Explosion

  

  Efforts were under way Sunday to contain and stop oil leaking from a BP well after a rig explosion in the Gulf of Mexico, the US Coast Guard said. Officials found oil was leaking Saturday from the well.

• Friday, April 23rd 2010 - 23:06 UTC

  Falklands: Desire still upbeat on prospects

  

  DESIRE Petroleum, the oil exploration company in which many Falkland Islanders are shareholders, has said it is hopeful of making a discovery, despite posting a £2.5 million pre-tax loss for the year ending December 31 2009.

• Friday, April 23rd 2010 - 06:21 UTC

  Gulf of Mexico Rig Explodes and Sinks; 11 Workers Missing; Fears of Oil Leak

  

  An oil rig in the Gulf of Mexico that caught fire after an explosion on Tuesday night has now sunk, the US Coast Guard has said. A search is continuing for 11 missing workers after the blast at the Deepwater Horizon rig. The other workers on the rig, off Louisiana, were evacuated to the US.