Offshore Oil Drilling, Oil Rig | featured news

Three Greenpeace activists on Sunday climbed up an oil rig off Greenland's coast in an attempt to stop a Scottish oil company from starting deepwater drilling in the arctic waters, the environmental group said....

An offshore oil rig has exploded in the Gulf of Mexico, west of the site of the April blast that caused a massive oil spill.

The federal agency charged with regulating the oil industry has allowed the industry largely to police itself, records show.

Administration wants investigations into a rig explosion in the Gulf of Mexico to be completed before any expansion of offshore oil drilling.

BP Plc will clean up an oil spill from one of its wells in the Gulf of Mexico and compensate those affected, its chief executive said, accepting that the disaster could hit plans to open new areas off the U.S. coast to drilling.

New estimates show 5,000 barrels of oil a day could be spilling out of remains of offshore rig.