Furthermore, the hull can provide storage for produced oil or gas. Atop the spar hull sits the topsides, which can be comprised of drilling equipment, production facilities and living quarters.

Another type of oil rig is a Spar Platform. These types of platforms make up some of the largest offshore structures in use. They consist of a large cylinder that supports a fixed rig platform.

The Seligi A platform, which was shut down last week due to a leak, is expect to resume production soon. Repairs are being carried out on the affected pipeline. The platform is located ...

It was a celebrated environmental protest off the coast of Scotland which made headlines around the world. Now the exploits of activists who took on the might of an oil industry giant in the middle of ...

6 oil futures contracts. Standard and micro contracts available. Low fees and intraday margin. Easy to use Futures Trading App and WebTrader platform. 800+ tradable instruments. Spread-based and ...

A 17,200 offshore platform capable of collecting 24 million tons of oil a year has been launched by China National Offshore Oil Corporation (CNOOC), a national oil company in China.

Chevron announced that non-essential employees and contractors have been pulled from four platforms in the US Gulf of Mexico ...

It will do so via a connection to the Goliat FPSO, a floating offshore oil platform. The Goliat FPSO is already supplied with power from shore through a high-voltage cable as part of the ongoing ...

Hedgers and speculators can use options in the oil market to gain the right to purchase or sell crude futures at a set price through futures trading platforms before their options expire.

Oil prices settle higher to snap four-week losing streak By Investing.com - Aug 09, 2024 1 Investing.com-- Oil prices settled higher Friday, snapping a four-week losing streak as easing fears of ...

The so-called Boyko towers – oil and gas drilling platforms off the coast of Crimea – have caught fire in the Black Sea. Source: Crimean Wind monitoring group on Telegram with reference to ...

Seal Beach, CA - December 16: A person looks out over the ocean with a view of oil platform Esther ... [+] and container ships off the coast of Seal Beach, CA on Thursday, Dec. 16, 2021.