W&T Offshore has hired Skadden, Arps, Slate, Meagher & Flom to conduct an internal investigation of management’s close relationship with information-technology vendor AAIT, according to people with knowledge of the situation.
Maersk Drilling has been awarded contracts with Shell for the provision of its Maersk Voyager vessel for drilling services offshore multiple countries.
Offshore drilling contractors are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide slump in commodity prices.
Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking demand for oil exploration at sea.
Italian energy services firm Saipem said its outlook is “good” but the recent deterioration of the oil market sunk the company to a loss in the first quarter of the year.
The Bahamian government has cleared the way for exploratory offshore drilling to start ahead of a planned referendum giving its citizens a say in the country's energy future.
India's national oil company Oil and Natural Gas Corporation (ONGC) says it has set a new world record for the drilling of an oil or gas well in the deepest waters by a mobile offshore drilling unit.