Offshore

SBM Offshore has been awarded a contract from the “TSC” Consortium (made up of Technip and Samsung Heavy Industries) for the engineering,

In the world of gCaptain coverage we tend to favor cutting edge technology over quality products that mariners have relied on for decades. But why?

WASHINGTON -(Dow Jones)- The U.S. government on Thursday said it would release 30 million barrels of oil from its strategic petroleum reserves as part of an

SINGAPORE (Dow Jones)–STX OSV Holdings Ltd. (MS7.SG), a Singapore-listed shipbuilder, Wednesday announced it has secured new contracts for the

By Angel Gonzalez An internal investigation by Transocean Ltd. determined that a series of risky decisions made mostly by BP PLC led to the Deepwater Horizon

The following is a press release issued by Transocean regarding an internal investigation into the causes of the Deepwater Horizon disaster.  The full report

Alstom has taken a 40% equity share in Scottish renewable energy company AWS Ocean Energy, representing Alstom’s entry to the wave energy market. Alstom

Maersk Oil, a fully-owned subsidiary of the A. P. Moller – Maersk Group, has approved its investment of $1 billion in the Field Development Plan for the

DryShips (DRYS: Nasdaq) By Sterne, Agee & Leach ($3.83, June 17, 2011) We are upgrading DryShips from Neutral to Buy ahead of an ocean rig listing in the

HOUSTON (Dow Jones)–Transocean Ltd. (RIG) said Friday that insurers of its sunken Deepwater Horizon drilling rig have asked a federal judge to decide if

“Most hated man in America”, Tony Hayward, gets a fresh start with successfull initial public offering of new investment vehicle, Vallares PLC

LONDON—The head of Greenpeace has scaled an oil rig offshore of Greenland operated by Cairn Energy PLC, defying a court order aimed at stopping activists

By Trent Jacobs, Helix ESG Working thousands of feet below the ocean waves, in bone chilling temperatures and crushing pressures, remotely operated vehicles

SINGAPORE (Dow Jones)–Singapore Technologies Engineering Ltd. (S63.SG) Wednesday said that its marine arm won a shipbuilding contract worth about S$171

Speaking at the IADC World Drilling Conference in Copenhagen, Douglas-Westwood’s CEO, Andrew Reid, outlined the impact emerging markets will have on

The UT 700 series platform supply vessel courtesy Rolls-Royce On the heels of yesterdays annoucement from Incat Crowther that it has won a contract to design a

The Marine Well Containment Company (MWCC) announced today that its capping stack has met the requirements for containment operations in water depths up to

HOUSTON (Dow Jones)–Diamond Offshore Drilling Inc. (DO) said Tuesday that it will move one of its deep-water rigs from the U.S. Gulf of Mexico later this

HOUSTON (Dow Jones)–Oil and natural-gas companies are spending more than half a trillion dollars in the oil patch during 2011–a record level that

Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of $1 billion. In Egypt, Burullus Gas Company