Eight divers were decompressing aboard the Iranian flagged dive support vessel Koosha-1 when it sank three days ago in the Persian Gulf. The official in charge of the rescue operation...

WASHINGTON (Dow Jones)–The Interior Department is struggling to recruit a top official for its offshore oil-drilling agency, in large part because qualified candidates don’t want to deal with the political...

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 prove highly useful to subsea...

RIO DE JANEIRO (Dow Jones)–Brazil’s emergence as a hot frontier for oil and natural gas was boosted Wednesday by two fresh discoveries, with exploration and development of the country’s newfound...

The Marine Well Containment Company (MWCC) says it has taken delivery of an integral part of its expanded containment system, a new Aframax tanker. The 107,500 dwt tanker was delivered...

Liberian-flagged and DNV-classed, Scarabeo 9 is a semi-submersible drilling vessel recently built by Yantai Raffles.  It will be on contract by Repsol YPF for deepwater exploratory drilling off Cuba.  ...

The Republic of the Marshall Islands (RMI) Maritime Administrator has today released the DEEPWATER HORIZON Marine Casualty Investigation Report (RMI Report). In accordance with national and international requirements, the RMI Report has...

HOUSTON (Dow Jones)- Transocean Ltd. (RIG) Chief Executive Steven Newman said that the company’s primary motivation to bid for Norwegian rig owner Aker Drilling ASA (AKD.OS) is to boost its...

Mars Tensioned-Leg Platform (TLP), Image by Garve Scott-Lodge  HOUSTON (Dow Jones)–Royal Dutch Shell (RDSA) said Thursday it has received approval from federal regulators to drill a new well at its Gulf...

Carnival’s newest ship, Carnival Breeze, is to debut in June 2012. Image courtesy Carnival Carnival Cruise Lines announced today that it will be building three new cruise ships for two...

KALGOORLIE, Australia (Dow Jones)–Nearly a third of the world’s minerals could come from the deep sea using technology similar to that employed by the oil industry, said Nautilus Minerals Inc....

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Tuesday its second-quarter net profit fell 15% from a year earlier because of a sharp contraction in sales, but the company flagged a...

Norwegian seabed-to-surface engineering and construction contractor Subsea 7 SA (SUBC.OS) Friday said it has won a $440 million contract from Chevron Australia Pty Ltd. (CVX) for the Gorgon natural gas...

AMSTERDAM (Dow Jones)–SBM Offshore NV’s (SBMO.AE) shares slumped Thursday after the Dutch oil services company booked a $450 million charge related to increased costs at a pair of offshore platforms. SBM said it was...

In the tale of two U.K. energy companies Tuesday, there was only one winner. Natural-gas-focused BG Group and oil company BP both reported higher first-half earnings, thanks to high prices,...

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 giant’s largest venture in the South Asian...

By Scott Borgerson and Scott Minerd The Arctic might be the world’s final — and possibly most attractive — emerging market. While most investors are focused on the economic potential...

WASHINGTON (Dow Jones)–A group of mostly Republican lawmakers blocked a key vote on legislation to strengthen oil-drilling safety Thursday after efforts to use the bill to steer billions of dollars...

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 million, a deal...

WASHINGTON (Dow Jones)–U.S. officials are pursuing a relatively narrow approach to regulating offshore drilling contractors and service providers, such as Transocean Ltd. (RIG) and Halliburton Co. (HAL), after reviewing their scope of...