[Update: Mon., May 11, 2026, 5:35pm] The U.S. Coast Guard released new details about Monday morning’s fire on Platform Habitat off the coast of Summerland, saying that flames were extinguished by ...

Petrobras PBR, an oil and gas company in Brazil, has made significant adjustments to its future investment strategy, particularly regarding decommissioning the company’s oil and gas platforms. The ...

The U.S. Coast Guard and partners responded to a fire onboard a non-operational natural gas platform offshore Santa Barbara, ...

Platform Holly, offshore from Coal Oil Point has a troubled past and is not a profitable oil platform. Its owners walked away, leaving it a problem for the state of California to deal with since it is ...

Oil companies are being forced to cut spending due to a fall in global oil prices, threatening funds earmarked to dismantle dated off-shore rigs, despite environmental risks. A drastic drop in revenue ...

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When the Colorado-based oil company Venoco, Inc. -- founded in Carpinteria, California, more than two decades ago -- declared bankruptcy last spring and ceded its offshore lease, the state of ...