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Federal officials responsible for inspecting and licensing offshore oil rigs in the Gulf of Mexico accepted lavish trips from offshore oil companies, according to an official federal report released Tuesday.

Oil and gas rigs are some of the biggest moveable structures in the world. Modern rigs cost millions of dollars and can weigh up to 30,000 tons.

Oil and gas rigs are some of the biggest moveable structures in the world. Modern rigs cost millions of dollars and can weigh up to 30,000 tons. So what does it take to move these engineering marvels? We ask David Wells, CEO of consultancy, and rig-moving specialists, Aqualis Offshore.

Slightly over twenty years ago, Johnathan Roberts started work on an oil rig at $5 an hour. Today, the newly appointed operations manager of Norway's Standard Drilling makes about half a million dollars a year.

Oil exploration and production companies in the country facing acute shortages of drilling rigs and crunch of skilled personnel which has resulted into inordinate delays of their hydrocarbons discovery schedule, with projects cost exceeding about 30 percent in last 3-4 year, an industry body viewed recently.

Government regulators are not required to conduct independent reviews of an oil rig's blow-out preventer, the fail-safe mechanism that failed to seal off the well that is now spewing crude oil into the Gulf of Mexico, it was revealed Tuesday.

According to the new market research report "Oil Accumulator Market by Type (Bladder, Piston, and Diaphragm), Pressure Rating (Up to 6,000 Psi and Above 6,000 Psi), Onshore vs Offshore, Application (Blowout Preventer & Well Head Control, Offshore Rigs, and Mud Pumps), and Region - Global Forecast to 2023″, The oil accumulator market is expected to grow from an estimated USD 488.5 million in 2018 to USD 617.1 million by 2023, at a CAGR of 4.78%, during the forecast period. The market is set to witness growth because of the digital revolution in the oil & gas industry and shale gas exploration in the US.

A massive crude-oil slick from an exploded rig in the Gulf of Mexico inched closer to the mouth of the Mississippi river late on Thursday as the government marshalled resources to protect fragile wetlands.

Oil rig or oil tanker accidents are behind the worst offshore oil spills in history, including the tragic Deepwater Horizon disaster of 2010. Offshore-technology.com profiles the world's biggest oil spill disasters based on the volume of oil released.

Offshore oil and gas operators in the Gulf of Mexico have evacuated a number of rigs and platforms in response to Tropical Storm Barry. The storm entered the Gulf of Mexico on 10 July, making landfall in Louisiana as a Category 1 hurricane on 13 July.

The sand control systems market is expected to grow at a CAGR of 3.78%, from 2017 to 2022, to reach a market size of USD 2.84 billion by 2022. Rising oil & gas production, high day rates of offshore rigs, and growth in number of wells are the major factors driving the sand control systems market. New oilfield reserves, and redevelopment of ageing reservoirs are expected to create new opportunities for the sand control system companies. Moreover, governments in most of the countries are investing in oil & gas industry to match up with the growing energy demand. All these factors are further expected to boost the sand control systems market during the forecast period.

Oil giant Exxon Mobil saw earnings slip on falling production, but could the earnings report show signs of a major shift for the company in the future?

Flange Gasket is a versatile piece of material that you can use for creating a static seal between two flange surfaces (two connection pipelines.) Top advantages of these gasket types are that you can use it for high-temperature and high-pressure applications. For example, you can't use an ordinary rubber gasket for high-pressure applications such as oil rig pipelines. Also, high-pressure-gas-applications such as gas plant pipelines need something more than just ordinary rubber gaskets. Flange Gasket is the best option in these cases.

The White House has now proposed cuts of as much as 20 percent in fuel consumption and greenhouse gases for medium- and heavy-duty trucks by the 2018 model year. The administration believes these new cuts could possibly save 500 million barrels of oil over the lives of vehicles manufactured during the program's first five years.

Government proposes energy saving changes to Trucking industry.

One of the world's biggest cranes, the Liebherr MTC 78000, goes to work offshore, heavy lifting items for construction of offshore oil and gas rigs.