Executives of publicly traded shipping and offshore drilling companies have a legal duty to act in the interest of the shareholders of their respective organizations. To fulfill this duty, executives [...]
LONDON (Dow Jones)–The U.K. has awarded 46 new licenses to explore for oil and gas in the North Sea, the Department of Energy and Climate Change announced on its website [...]
Last summer, Allseas announced that they had awarded Daewoo Shipbuilding in Korea a 1.3Bn Euro contract for the construction of a massive catamaran designed for ultra-heavy offshore construction and pipelay [...]
The entire gCaptain team is converging on New Orleans this evening for this week’s International Workboat Show, so unfortunately we haven’t been able to get a whole lot of new [...]
WASHINGTON (Dow Jones)–The Interior Department is struggling to recruit a top official for its offshore oil-drilling agency, in large part because qualified candidates don’t want to deal with the political [...]
ModuSpec BV and Scandpower AS, members of the Lloyd’s Register Group, are developing a new tool with origins from the nuclear power industry that may prove highly useful to subsea [...]
Liberian-flagged and DNV-classed, Scarabeo 9 is a semi-submersible drilling vessel recently built by Yantai Raffles. It will be on contract by Repsol YPF for deepwater exploratory drilling off Cuba. [...]
The Republic of the Marshall Islands (RMI) Maritime Administrator has today released the DEEPWATER HORIZON Marine Casualty Investigation Report (RMI Report). In accordance with national and international requirements, the RMI Report has [...]
Mars Tensioned-Leg Platform (TLP), Image by Garve Scott-Lodge HOUSTON (Dow Jones)–Royal Dutch Shell (RDSA) said Thursday it has received approval from federal regulators to drill a new well at its Gulf [...]
Norwegian seabed-to-surface engineering and construction contractor Subsea 7 SA (SUBC.OS) Friday said it has won a $440 million contract from Chevron Australia Pty Ltd. (CVX) for the Gorgon natural gas [...]
AMSTERDAM (Dow Jones)–SBM Offshore NV’s (SBMO.AE) shares slumped Thursday after the Dutch oil services company booked a $450 million charge related to increased costs at a pair of offshore platforms. SBM said it was [...]
In the tale of two U.K. energy companies Tuesday, there was only one winner. Natural-gas-focused BG Group and oil company BP both reported higher first-half earnings, thanks to high prices, [...]
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