Offshore Drilling News

Activist investor Carl Icahn at the 32nd Annual Gala for the Police Foundation in New York, March 16, 2010.

Glencore Xstrata appointed former BP chief executive Tony Hayward as interim chairman after John Bond was ousted by shareholders of the world's largest exporter of power-station coal.

The Arctic Council reached a legal agreement that would govern procedures meant to respond to oil spills in arctic waters.

Transocean Ltd. today announced that Esa Ikaheimonen, Executive Vice President and Chief Financial Officer, will address attendees at the UBS Oil and Gas Conference in Austin, Texas.

Fla. State Rep. Keith Fitzgerald, a high-ranking two-term Sarasota Democrat, told the Federation of Manatee County Community Associations Tuesday night that judging from comments Crist made Tuesday afternoon, Republican House speaker-designate Dean Cannon of Orlando appears to be near success in persuading the newly-re-registered governor to ... (more)

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Offshore driller Transocean Ltd said early on Monday chairman and former chief executive Michael Talbert will step down in the next year, a move that comes days before a proxy fight between the company and billionaire investor Carl Icahn.

We're all pretty busy these days with the big, flashy stories which are eating up the news cycle, from Benghazi to Boston to the IRS, oh my! But even with all of this going on, the nation's governors are still stuck with the tedious business of keeping their states functioning, creating jobs and generally doing their jobs.

Three years after BP Plc's oil spill fouled Gulf of Mexico beaches, drilling safety is improving, though deficiencies remain at some of the same companies operating offshore, Democrats on a House panel said in a report.

Transocean Ltd, owner of the world's largest offshore drilling fleet, said on Thursday its capital expenditures this year would be $2.4 billion instead of $3 billion due to the timing of payments on rigs under construction.

Robert is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.

Under fire for not conducting its own safety audits of offshore drilling rigs and oil platforms, the Interior Department announced Thursday that it has signed an agreement with the Coast Guard to coordinate and beef up offshore oversight.

The corporate world is in the midst of its annual proxy season - when top executives meet with their shareholders and votes are cast on issues including management changes, executive pay, or even a company's stance on human rights and political spending.

Fla. State Rep. Keith Fitzgerald, a high-ranking two-term Sarasota Democrat, told the Federation of Manatee County Community Associations Tuesday night that judging from comments Crist made Tuesday afternoon, Republican House speaker-designate Dean Cannon of Orlando appears to be near success in persuading the newly-re-registered governor to ... (more)

Looking at the market for specialized oil equipment and services, Jud Bailey saw trouble on land and looked to the sea for his top stock picks in 2012-offshore drillers.

Royal Dutch/Shell said on Wednesday it will go ahead with the world's deepest offshore oil and gas production project, pushing the boundaries of technology to produce from nearly 2 miles down in the Gulf of Mexico.

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

Offshore drilling concern Transocean LTD is scheduled to step into the earnings spotlight after the close, and options traders are betting bullishly on the stock.

Transocean is expected to release its Q1 2013 results on May 8, reporting on a rather eventful quarter that saw it reach a $1.4 billion agreement with the U.S. Department of Justice to settle charges relating to the Macondo well incident.

Mike is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.