'It's at the bottom of the sea.' Rescue crews, try to save the sinking P-36 oil rig on Monday about 80 miles off the coast of Macae, Brazil. The Brazilian Petrobras oil company said the rig sank in ...

NEW ORLEANS (AP) — Officials are saying that an explosion on an oil rig off the coast of Louisiana has the potential to be a major spill. The Coast Guard is still searching for the 11 workers missing ...

An ailing worker was pulled off a high-seas oil rig after suffering severe chest pains, with the entire daring rescue captured on dramatic Coast Guard video. A Coast Guard MH-60 Jayhawk chopper was ...

RIO DE JANEIRO, Brazil (AP) The world s biggest floating oil rig sank in the South Atlantic on Tuesday, and the state oil company Petrobras said some of the 300,000 gallons of diesel fuel on board had ...

Off-shore oil drilling currently accounts for over 35% of the world's total oil production, and that number has consistently risen over recent history. While a majority of oil extraction takes place ...

Oil fell for the fourth straight session as Russia weighed concessions to US President Donald Trump that may include an air truce with Ukraine. West Texas Intermediate crude slid 1.7% to settle near ...