Concord’s offshore platform marks the first major oil infrastructure China has installed in western Venezuela in years.

A new floating facility to produce crude at a project operated by China Concord Resources Corp (CCRC) has arrived in Lake Maracaibo, Venezuela, reported Reuters, citing two sources and images. The ...

The first new floating facility to produce crude at a $1 billion project operated by China Concord Resources Corp in ...

OSLO, Norway (AP) – Statoil on Wednesday evacuated 326 oil rig workers from a North Sea platform after the structure began to tilt, the Norwegian oil company said. Company spokesman Ole Anders Skauby ...

Offshore oil projects are experiencing a resurgence due to higher prices, leading to a boom in the floating rig business. The World Bank predicts a historic oil glut due to factors like rising ...

SpaceX's grand vision for Starship, the next-generation spacecraft it's currently in the process of developing, includes not only trips to Mars, but also regular point-to-point flights right here on ...

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 ...

The Canadian government is backing commercialisation of a floating wind-powered drilling concept developed by sector pioneer Saitec and Newfoundland-based consultancy Waterford Energy Services (WES) ...

'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 ...

RIO DE JANEIRO, Brazil - 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 ...

Concord’s offshore platform marks the first major oil infrastructure China has installed in western Venezuela in years.