Offshore

HOUSTON–A federal safety agency has determined that the offshore-drilling industry is relying on the wrong data in its quest to prevent major accidents

The SINOPACIFIC Shipbuilding Group announced last Friday the signing of a newbuilding contract for (4) SPP35 platform supply vessels (PSV) and a Letter of

Aker Solutions has signed a contract with Hyundai Heavy Industries to supply a complete drilling equipment topside package to a new semi-submersible drilling

BEIJING- (Dow Jones)-China’s CNOOC Ltd. (0883.HK) said Monday it has reached an agreement to acquire Canadian oil and gas producer Nexen Inc. (NXY) for

LONDON (Dow Jones) U.K.-listed BG Group PLC (BG.LN) said Friday that it and its partners have approved the signature of contracts worth $4.5 billion for the

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) second-quarter profit fell 24% as the contract driller reported lower utilization rates in all of its

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced that it was awarded a Letter of

(Bloomberg) — Wärtsilä Oyj, the world’s biggest maker of ship motors and power plants, fell the most in a year as customers postponed

(Bloomberg) — Mario Monti’s government is trying to attract as much as $18 billion in investment to Italy by relaxing a ban on offshore oil and

NEW DELHI–India’s state-run Oil & Natural Gas Corp. (500312.BY) will continue to explore for oil and gas offshore Vietnam in the South China

LONDON (Dow Jones) —Royal Dutch Shell PLC (RDSB.LN) could face a record $5 billion fine from authorities in Nigeria for an oil spill off the coast of

Seajacks announced today they have placed an order with UAE-based Lamprell for the construction of a new self-propelled jack-up vessel, specifically designed

Rolls-Royce announced today that they have signed a £10 million contract with Simon Møkster Shipping for a wave piercing offshore vessel with a striking

(Bloomberg) — Sales of offshore wind turbines collapsed in the first half, a sign the power industry and its financiers are struggling to meet the

HOUSTON – (BUSINESS WIRE) – McDermott International, Inc. (NYSE: MDR) announced today that one of its subsidiaries has been awarded two projects

Aker Solutions announced today that they have signed a NOK 440 million SURF contract with McDermott, the main EPCI contractor for the Australian Ichthys

LONDON–U.K.-listed oil explorer Tullow Oil PLC (TLW.LN) said Monday it has decided to abandon a high-pressure oil well it was drilling off the coast of

Over the weekend, Kleven Maritime signed a 400 million NOK (USD $65M) contract with Remøy Shipping for a new Wärtsila-designed, LNG powered platform

Murphy’s Law was proven once again this weekend as the Noble Discoverer, a Shell-contracted drill ship destined to start drilling in arctic waters,

The board members at Fairstar Heavy Transport had better start polishing up their resumes because Dockwise is about to kick them all out on to the street.