Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they stay in place? Here's what we know.

You've probably noticed those towers with flames shooting out of the top on oil rigs. This is an important part of many oil and gas facilities.

Petrobras chief executive, Magda Chambriard, announces sailaway ceremony for P-78 FPSO at Seatrium's Singapore facility ...

These floating oil rigs are mobile and are fit for deeper, rougher waters. They in water between 1,600 and 10,000 feet and drill up to 6.2 miles.

Transocean's high leverage ties its success to offshore drilling activity. Read more on RIG stock's risks, rewards, and ...

Norwegian labour unions have agreed to a wage deal, averting a strike at floating offshore oil and gas drilling rigs that ...

Nigerian oil companies face a seven-day deadline to comply with the $300 helicopter landing fee imposed by the NAMA for ...

Altera Infrastructure until 2020 was known as Teekay Offshore, a pioneer in the North Sea FPSO business the successes of ...

U.S. oil companies are pulling back as lower commodity prices take a toll. After two months of crude oil prices hovering around $60 a barrel, companies are shutting down drilling rigs and laying ...

As near-shore wells become depleted, floating vessels make it easier and cheaper to drill in deeper waters. In 2024, the majority of new large-scale oil and gas extraction projects were located ...

Nigerian oil companies face a flight ban for unpaid helicopter landing fees. NAMA threatens sanctions and facility shutdowns for non-compliance. Seven-day ultimatum issued.

Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they stay in place? Here's what we know.