$250 Million and Call It a Day – BP Indemnifies Cameron in Deepwater Horizon Disaster
Cameron International Corporation (NYSE: CAM) said today that they have reached an agreement with BP to settle all claims between the two companies relating to
Cameron International Corporation (NYSE: CAM) said today that they have reached an agreement with BP to settle all claims between the two companies relating to
Newly founded shipowner, World Wide Supply (WWS), has ordered four platform supply vessels with Damen Shipyards. The PSV 3300 CD, built according to
Maersk Supply Service has signed a contract with Chilean shipyard Asenav for two innovative new offshore vessels with an option for – up to – four
Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$291.6 million contract to build an accommodation semi-submersible rig with options for
NEW ORLEANS (Dow Jones)–The U.S. oil-and-gas industry took another step out from the shadows of the Deepwater Horizon disaster on Wednesday when federal
HOUSTON (Dow Jones)–ConocoPhillips’s (COP) $103.2 million offer for the Keathley Canyon Block 95 was the highest bid in the first U.S. Gulf
Kongsberg Maritime simulators have been selected for the forthcoming MOSAIC 2 facility (Maersk Offshore Simulation and Innovation Centre) at Maersk Training in
WASHINGTON (Dow Jones)–Environmental groups are challenging the first auction of oil-drilling leases to be held in the Gulf of Mexico since the Deepwater
HOUSTON (Dow Jones)–Chevron Corp. (CVX) said Wednesday it expects to spend a record $32.7 billion on capital projects in 2012 as it continues to invest
Rolls-Royce said today it has received orders for two of its popular UT 755 series offshore supply vessels. The vessels were ordered by Gulf Offshore North Sea
By Tom Fowler and Angel Gonzalez BP PLC is alleging that Halliburton Co. destroyed evidence in the weeks following the Deepwater Horizon explosion in 2010 that
HOUSTON (Dow Jones)–Oil and gas companies are expected to spend at record levels in exploration and production projects worldwide in 2012, with
It’s hard to talk about “world’s largest” in maritime and offshore manufacturing without mentioning Hyundai Heavy Shipyard, and this is
RIO DE JANEIRO (Dow Jones)–Brazilian oil regulators once again penalized U.S. oil major Chevron Corp. (CVX) for safety issues at the company’s
Rolls-Royce said today it has been awarded new contracts worth potentially $650 million by Petrobras to support production activities offshore Brazil. The
By Katarina Gustafsson and Alexis Flynn BP PLC’s (BP) efforts to monitor and respond to sudden pollution releases such as oil spills in the Norwegian Sea
Transocean Ltd. (RIG, RIGN.VX) said it is offering 26 million shares of its common stock as the offshore oil drilling giant looks to raise funds to help
“At a point in time when there is turbulence in the financial markets we are very pleased to deliver one of our best quarterly operating profit ever
Deep Sea Metro has taken delivery of the newbuild drillship Deepsea Metro II from Hyundai Heaby Industries, according to a statment released by the company.
STOCKHOLM — Swedish utility Vattenfall AB Friday announced plans to build an offshore wind farm in the North Sea after it recently bought the license
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