Offshore

Teekay Offshore Partners LP‘s (TOO) sale of roughly 7.4 million of its common units, representing limited-partner interests, priced at a 3.9% discount to

South Korea’s Hyundai Heavy Industries announced today it had secured a USD $620 million order to build a drillship for Houston-based drilling contractor

[vimeo]http://vimeo.com/39516800[/vimeo] Perdido is the world’s deepest offshore oil drilling and production platform. Moored in 2,450 metres (8,000

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