Offshore

NEW DELHI—India on Friday approved Reliance Industries Ltd.’s proposed $7.2 billion asset sale to BP PLC, paving the way for the U.K. oil

WASHINGTON (Dow Jones)–U.S. investigators are delaying the release of a much-anticipated report on the Deepwater Horizon oil spill, citing the need for

COVINGTON, LA  Hornbeck Offshore Services, Inc. (NYSE: HOS) and Marine Spill Response Corporation (MSRC) announced today that they have entered into a

WASHINGTON (Dow Jones)–A group of mostly Republican lawmakers blocked a key vote on legislation to strengthen oil-drilling safety Thursday after efforts

HOUSTON -(Dow Jones)- Rowan Cos. Inc. (RDC) on Wednesday said it will sell its fleet of land rigs to Ensign Energy Services Inc. (ESI.T, ESVIF) for $510

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) second-quarter earnings jumped 19% as the company posted stronger revenue, though day rates fell and

TAKING THE PULSE: Singapore rig builders are likely to report higher second-quarter net profits amid a steady rise in orders as drillers replace old fleets and

WASHINGTON (Dow Jones)–U.S. officials are pursuing a relatively narrow approach to regulating offshore drilling contractors and service providers, such

COPENHAGEN (Dow Jones)–Danish oil and gas company Maersk Oil stands to lose production of up to 5.3 million barrels of oil equivalent due to extensive

Norwegian seabed-to-surface engineering and construction contractor Subsea 7 S.A. (SUBC.OS) announced Monday the award of a $80 million contract from Chevron

RIO DE JANEIRO -(Dow Jones)- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Friday that total crude oil and

LONDON—BP PLC vowed to hold itself to a higher set of deepwater-drilling standards than those already prescribed by U.S. authorities, as the U.K. energy

Following the launch of Austal’s Wind Express series in mid 2010, Austal is pleased to announce the award of a contract for the design and construction

AMSTERDAM (Dow Jones)–SBM Offshore NV (SBMO.AE) said Thursday that contracts for the twenty year charter and operation of FPSO Cidade de

  SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday its unit, SMOE Pte. Ltd., has secured a contract close to S$600 million to

Image by Kjetil Alsvik –Average production of 60,000 barrels equivalent a day to be lost as result of shutdown –Accident to be investigated by

Gulf Offshore Oil and Gas Industry Could Support Over 400,000 Jobs Nationwide by 2013 A new study released today by the National Ocean Industries Association

(Dow Jones)–The French government announced Monday the launch of a EUR10 billion tender offer to build five off-shore wind farms, in a bid to muscle up

HOUSTON (Dow Jones)–Transocean Ltd. (RIG) said Thursday that the deep-water drilling rig off Ghana that was evacuated Wednesday after it took on water

  The world’s most storied deepwater oil rig, the Transocean Marianas, has developed a critical list after an anchor punctured her poontoon and is