US President Barack Obama today directed that no new offshore oil drilling leases can be issued unless rigs have new safeguards to prevent a repeat of the explosion that unleashed the massive spill threatening the Gulf Coast with major environmental damage.

Brazil’s state oil company Petrobras raced to prevent 400,000 gallons of crude oil and diesel fuel from spilling into the sea as the world’s largest oil rig sank of its Atlantic coast today.

The world's largest oil rig has sunk off the coast of Brazil.

Ten people are feared dead after three explosions rocked the world's biggest offshore oil rig.

At least one person has died and nine are missing after three powerful blasts rocked the world's biggest oil rig.