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Rigs to reefs: the thriving marine life on decommissioned oil platforms

2016-06-01 12:40:00| Offshore Technology

A few miles off the coast of California, the Eureka oil rig is thriving with marine life, and its not the only one. Keeping decommissioned oil rigs in the water is a growing trend, giving rise to some of the richest marine ecosystems on the planet.

Tags: life oil marine platforms

Otto Kits Out Big Rigs With Aftermarket Self-Driving Tech

2016-05-18 23:18:10| TechNewsWorld

Otto on Monday introduced a self-driving kit designed to help those behind the wheel of big rigs drive more safely and efficiently. The company is developing a suite of sensors, software and other truck-related enhancements that could be retrofitted into existing vehicles. The technology has been tested in Otto's research fleet, and the company completed an autonomous demo on public highways.

Tags: big tech kits otto

Oil Holds Gains as U.S. Rigs Idled Before Doha Freeze Meeting

2016-04-12 04:18:33| Oil & Gas - Topix.net

Oil held gains after the biggest jump in almost two months as U.S. drillers idled more rigs ahead of talks between the world's biggest producers about freezing output. Futures were little changed in New York after increasing 6.6 percent Friday, the most since Feb. 12. The number of active oil rigs fell for the 15th time in 16 weeks to the lowest level since 2009, according to data from Baker Hughes Inc. Venezuela said the first step at the April 17 meeting in Doha between suppliers including Saudi Arabia and Russia should be to cap production.

Tags: meeting oil holds gains

U.S. drillers cut oil and gas rigs for 15th straight week -Baker Hughes

2016-04-02 17:13:16| Oil & Gas - Topix.net

April 1 The number of rigs drilling for oil and natural gas in the United States fell for the 15th straight week to the lowest level since at least 1940, data showed on Friday, as the energy price rout takes its toll on shale producers' financing and their ability to drill new wells. Drillers cut 14 oil and gas rigs in the week to April 1, bringing the total rig count down to 450, oil services company Baker Hughes Inc said in its closely followed report.

Tags: week cut gas oil