Offshore

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

By Tennille Tracy, The Wall Street Journal The Obama administration said Monday it was moving forward with oil-drilling leases off the coast of Alaska issued

WASHINGTON (Dow Jones)–The Interior Department is struggling to recruit a top official for its offshore oil-drilling agency, in large part because

WASHINGTON (Dow Jones)–More than 30 House lawmakers are urging Spanish energy company Repsol YPF S.A. (REP.MC) to abandon its plan to drill for oil in

The U.S. Coast Guard said Tuesday it is working with Transocean Ltd. to find out whether last year’s wreckage of the Deepwater Horizon rig is the source

A Turkish oil and gas research ship is exploring off southern Cyprus in an area near the exploration rig operated by U.S. independent Noble Energy Inc., a

Fincantieri Marine Group says its Bay Shipbuilding division has started construction on two Polar Class PSV’s for Tidewater Marine.  The PSV’s are

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

Built in 1983, the 261 meter-long & 127575 DWT oil tanker Lentera Bangsa caught fire 100 miles from the coast of Jakarta Bay Friday morning. The vessel