Offshore

WASHINGTON (Dow Jones)–After a year in which the Obama administration revamped rules for oil and gas drilling in U.S. waters, the administration is

Seadrill has been having a good week.  Yesterday, the company announced it has exercised an option to build a new ultra-deepwater dual derrick drillship at

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) said Monday that its ultra-deepwater drillship Dhirubhai Deepwater KG2 has set what it believes to be a world record

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has approved Statoil to resume drilling in the Gulf of Mexico. The approved permit

Photo: An overflight of relief well operations by an Air Station New Orleans HH-65 Dolphin helicopter manned by a Coast Guard HITRON crew from Jacksonville,

Hamilton, Bermuda, April 11, 2011 – Seadrill (NYSE:SDRL) has exercised an option to build a new ultra-deepwater dual derrick drillship at the Samsung

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has approved a deepwater permit for the drilling of a ninth well in the U.S. Gulf of

Seadrill, through its affiliate Sea Dragon de Mexico, has settled the final agreement with Pemex for the provision of the ultra-deepwater semi-submersible

Pride International, Inc. said today that it has reached and agreement with Samsung Heavy Industries, Ltd. to extend Pride’s option for the construction

Japan’s Meterological Agency reports a magnitude 7.4 earthquake struck off the coast of Japan this morning at 23:32 JST. According to estimates, the

Photo: Hurricanes Karl, Igor and Julia (from left to right on Sept. 16, 2010) were part of the onslaught of Atlantic storms during the 2010 season. Credit:

WASHINGTON (Dow Jones)–House Republicans are targeting next month for a preliminary vote on a set of bills that would direct federal regulators to lease

Maersk Drilling has signed a contract with Samsung Heavy Industries in South Korea for the construction of two ultra deepwater drillships, the company said in

Transocean’s senior management team, led by Chief Executive Officer Steven Newman, announced today that they are voluntarily donating the safety bonuses

Kongsberg has just unveiled its new Emergency Acoustic BOP Control System, the ACS500.  In an emergency situation, the ultra-portable unit can be carried on a

Petroleo Brasileiro’s U.S. unit said Monday that it must fully investigate a problem encountered in a U.S. Gulf of Mexico oil and gas development before

U.S. Interior Secretary Ken Salazar on Monday rejected media reports that BP PLC (BP, BP.LN) has struck a deal to resume deepwater drilling in the Gulf of

Below is a statement released by Petrobas on the loss of a 130 ton bouyancy can that seperated from its riser at the Chinook field in the Gulf of

http://www.youtube.com/watch?v=e5KQMlwV3Lg This video shows the actual installation of the bouyancy cans currently supporting the Free Standing Hybrid Risers

By Daniel Gilbert and Tennille Tracy Of THE WALL STREET JOURNAL Transocean Ltd. (RIG, RIGN.VX) had its “best year in safety performance” despite