Offshore

HOUSTON -(Dow Jones)- The rate at which new deep-water permits are being approved under new rules in the U.S. Gulf of Mexico is improving, said Diamond

Diamond Offshore Drilling Inc. (DO) third-quarter earnings rose 29% as the oil driller booked stronger revenue and higher average day and utilization rates for

PARIS (Dow Jones)–Royal Dutch Shell PLC’s (RDSA, RDSB, RDSA.LN, RDSB.LN) new technology to produce liquefied natural gas aboard floating vessels

Houston-based drilling contractor Atwood Oceanics revealed Tuesday that one of its subsidiaries is the mystery buyer in an ultra-deepwater drillship

UK offshore contractor Ensco says it has teamed up with drilling giants Anadarko, Apache and Noble Energy in a deal to send its newbuild ultra-deepwater

Fred Olsen today said it has reached an agreement with Hyundai Heavy Industries to extend its option for a second newbuild drillship originally set to expire

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) has exceeded its annual order target of $11 billion by 9%,

LONDON—BP PLC on Monday said it had reached a $4 billion out-of-court settlement with Anadarko Petroleum Corp. to settle claims related to the deadly

U.S. officials are trying to make sure the American coastline will be protected as Cuba begins drilling a deep water oil well later this year about 60 miles

HOUSTON —The U.S. government broke precedent by issuing citations to contractors Halliburton Co. and Transocean Ltd. in the Deepwater Horizon oil spill,

By Tennille Tracy, The Wall Street Journal WASHINGTON—The U.S. has decided to allow BP PLC to bid on new oil-drilling leases that go up for sale in the

LONDON—BP PLC Thursday announced it would make its highest-ever annual investment in the U.K., despite a steep tax increase on crude production enacted

By Tennille Tracy, The Wall Street Journal WASHINGTON—The prospect that contractors for BP PLC could be fined by the government over the Deepwater

HOUSTON (Dow Jones)–The U.S. Coast Guard said Friday the wreckage of Transocean Ltd.’s (RIG) Deepwater Horizon rig, which sank last year,

Harvey Gulf International has awarded a contract to Wärtsilä to supply liquified natural gas propulsion equipment for two of Harvey Gulf’s newbuild

Seadrill announced today that it has secured contracts for two of the companies newbuild ultra-deepwater semi-submersibles currently under construction in

HOUSTON (Dow Jones)–Marathon Oil Corp. (MRO) said Thursday it is considering selling minority stakes in its U.S. Gulf of Mexico assets in order to

Yesterday, just months after arriving on location, the newly built Ocean Rig Drillship Poseidon, was attacked by pirates while drilling off the coast of

A Hercules Offshore (NASDAQ:HERO) liftboat capsized last week after it was struck by multiple waterspouts off the coast of Louisiana.  Hercules Offshore says

Caterpillar (NYSE:CAT) said today that it has secured a contract to power 16 offshore supply vessels for use in the Brazilian offshore market. Caterpillar