FMC Technologies on Tuesday posted a 46 percent boost to its third-quarter bottom line, largely because of a rise in subsea technology sales and its North American high-pressure fluid control business. More »
A Houston oil and gas company must pay to settle government charges alleging it illegally dumped oil and chemicals into the Gulf of Mexico.
The Obama administration is moving ahead with plans to sell offshore drilling rights in the central Gulf of Mexico.
Offshore oil driller Ocean Rig Partners has filed for a $305 million initial public offering as it anticipates four next-generation deep-water drillships to be assembled over the next three years. More »
Houston oil explorer Endeavour International Corp. got a bit of good news Wednesday in the midst of seeking bankruptcy protection: One of its biggest oil fields in the UK North Sea is back online. More »
The Norwegian energy company has had a presence in Tanzania since 2007. More »
General Electric said it will use the helicopters to transport drilling rig crews to offshore platforms. More »
OneSubsea announced Monday that it won a $270 million contract to develop a subsea production system for Pemex that will serve the first deepwater subsea field developed by Pemex, Mexico’s national oil company. More »
Disruptions at its oil fields in the U.K. North Sea and a high level of debt have driven Houston-based Endeavour International to file for Chapter 11 bankruptcy. More »
Environmental activists Greenpeace launched in July a video showing an Arctic landscape with a Shell drilling platform made of Lego bricks covered in oil. More »
The project could eventually lead to peak production of 135,000 barrels of oil per day for a joint venture including ConocoPhillips and Shell. More »
The company said further evaluation would be needed to determine whether or not the well had reached enough oil to make producing it commercially viable. More »