U.S. Energy Secretary Chris Wright has directed a Texas-based oil and gas company to restore operations in waters off southern California that were damaged by a 2015 oil spill, invoking the ...
The $5 billion project in the Gulf of Mexico is expected to help produce up to 10 billion barrels of oil by the end of this decade. Critics say it could endanger people and marine life.
Waterline Stories on MSN
The weld failed, the rig tilted, then 123 men were trapped at sea
During a violent North Sea storm, more than 200 men were sheltering on an offshore platform when they heard a sudden metallic ...
Fascinating Horror on MSN
Everything seemed normal on the oil rig - 7 minutes later it exploded
Everything on the Piper Alpha oil platform in the North Sea appeared routine during the evening shift. Workers were performing normal operations when a seemingly small oversight during maintenance set ...
Cargo vessels are seen anchored offshore, sharing space with oil platforms, before heading into the Los Angeles-Long Beach ports. (File photo by Eugene Garcia/Associated Press) Rep. Mike Levin on ...
Front runners have emerged for lucrative long-term charters from India’s state-owned Oil & Natural Gas Corporation (ONGC) for up to four specialised jack-up rigs for operations off the country’s east ...
Sable Offshore (SOC) -15.2% in Thursday's trading after a tentative ruling from the Superior Court of California for the County of Santa Barbara upheld an injunction against restarting the Las Flores ...
The Santa Barbara Maritime Museum (SBMM) will host Mary Nishimoto, liaison for the Joint Oil/Fisheries Liaison Office (JO/FLO) of South/Central California, for a look at the unique, four-decade model ...
Transocean announced the acquisition of Valaris on Monday. Though an all-stock deal, the exchange ratio implied a 31.6% premium to Valaris' valuation heading into the week. In addition, the two sides ...
Total U.S. rig count remained at 551, with oil rigs down three and gas rigs up three. U.S. crude production rose to 13.713 million bpd, nearing an all-time high. Permian rig activity declined again ...
Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a ...
Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. The transaction implies a combined enterprise value of ~$17B based on the stock’s most recent closing ...
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