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Natural gas rig sinks off Venezuela coast

The Associated Press is reporting that a natural gas rig has sunk off the coast of Venezuela.

The rig, the Aban Pearl, sank early this morning. All 95 crew members were safely transported off the rig.

In a briefing this morning, Venezuela's Oil Minister Rafael Ramirez announced that the crew was able to disconnect the tube connecting the rig to the gas field and shut off all the valves.

Click here to read the Associated Press article.