Petrobras' board approves an agreement to settle a U.S. court dispute with EIG Energy Fund XIV, including a $283M payment by ...

The case is related to EIG's investment in FIP Sondas, a former shareholder of drillship company Sete Brasil.

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The aim of the deal is to apply Saipem's STAR 1 technology to the 7 Seas Med project in Sicily, with an anticipated annual ...

The exercise began in January and concluded in early March 70 warships, 10 submarines, and over 80 aircraft took part in TROPEX TROPEX was held from the Strait of Hormuz in the West to the Sunda and ...

UK supermajor Shell has flowed first oil from Phase 4 of its deepwater Gumusut-Kakap-Geronggong-Jagus East (GKGJE) project in Malaysian and Bruneian waters. The Phase 4 production is flowing to ...

The company noted that Seadrill has picked up about 65% of the new contract backlog awarded to the four largest publicly traded OSD's, while only representing 18% of the drillship fleet operated ...