the oil rig that sank after an explosion on board. The costs could top a billion dollars. That's not a whole bunch for BP, which had a net profit of $5.6 billion this past quarter. Even with all ...

An oil rig in the Gulf of Mexico that caught fire after an explosion on Tuesday night has now sunk, the US Coast Guard has said. A search is continuing for 11 missing workers after the blast at ...

more than half of the 1.4 million liters of industrial fuel oil (IFO) were extracted from Motor Tanker (MT) Terra Nova, one of the three sunken ships in Manila Bay, according to the Philippine ...