Transocean CEO: Brazil Injunction is Unwarranted and Flawed
HOUSTON–A Brazilian appeals court has denied a request by the national oil regulator to suspend an injunction barring Transocean Ltd. (RIG) and Chevron
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HOUSTON–A Brazilian appeals court has denied a request by the national oil regulator to suspend an injunction barring Transocean Ltd. (RIG) and Chevron
Helix Energy Solutions Group Inc’s well intervention vessel Seawell pioneered the well intervention industry when she first entered North Sea service
OSLO–Norway’s oil safety agency opened an investigation Wednesday into last week’s scare in the Barents Sea involving an Eni SpA (E)
(Bloomberg) — BP Plc’s proposed $7.8 billion partial settlement of 2010 Gulf of Mexico oil-spill claims shouldn’t be approved because last
Ocean Rig UDW Inc. (NASDAQ:ORIG), a global drilling company that specializes exclusively in the deep water segment, announced today that it has received a
COSCO Corporation announced today that their subsidiary, COSCO Qidong Offshore Co. Ltd., has secured a contract valued over USD $200 million from Axis
BP PLC (BP, BP.LN) reached a deal to sell some of its Gulf of Mexico offshore oil fields to Plains Exploration & Production Co. (PXP) for $5.55 billion, as
After a six-year wait and clearing countless hurdles, Royal Dutch Shell PLC’s (RDSA.LN, RDSA) U.S. unit said it began drilling in Alaska’s Chukchi
The flow of much of the world’s oil is controlled from a small suite of offices perched over a Tiffany & Co. store in the Chelsea section of London.
Big announcements were made today by Switzerland-based deep water drilling contractor Transocean Ltd. (NYSE: RIG) (SIX:RIGN). In a move to make the company a
Royal Dutch Shell PLC‘s (RDSA, RDSA.LN, RDSB, RDSB.LN) U.S. unit said Friday drilling in Alaska’s Arctic offshore will likely begin over the coming
Brazilian state-owned oil company Petroleo Brasileiro SA, or Petrobras, is seeking a joint-venture partner to invest as much as $4 billion into the
It has been said that the technology used to drill ultra-deepwater oil and gas wells rivals that of NASA. Sometimes those comparisons are more literal than
RIO DE JANEIRO–A federal court in Brazil will allow one of the executives charged in a criminal lawsuit related to a November spill at an offshore
(Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas explorer, asked the U.S. government to review its $15.1 billion offer for
Nearly half of the oil production in the U.S. Gulf of Mexico remained shut-in Wednesday as producers continue to restore production following Hurricane Isaac.
(Bloomberg) — BP Plc, the owner of the Macondo well that caused the worst U.S. oil spill two years ago, declined in London after the Department of
(Bloomberg) — Fred. Olsen Energy ASA, a Norwegian offshore drilling company, fell the most in three months in Oslo trading after major shareholders
(Bloomberg) — BP Plc, whose Macondo blowout in the Gulf of Mexico caused the biggest offshore oil spill in U.S. history, is drilling the first
Noble Corp. (NE) said it expects its third-quarter revenue to be hurt by about $50 million due to operational delays and other developments around returning
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