Robert S. Shaw notified Transocean Ltd. of his resignation as vice president, controller, and principal accounting officer to pursue other opportunities.

Privately held offshore rig provider Blake International Rigs has promoted Beau Blake from VP of business development and administration to president and CEO of USA and Mexico, effective immediately.

Cameron International Corp. has come to an agreement with BP whereby BP will indemnify Cameron for current and future compensatory claims against Cameron associated with the Deepwater Horizon incident.

Results of the recent Gulf of Mexico lease sale are a positive indicator that oil and gas exploration and production companies have become increasingly more comfortable with the direction of the US regulatory environment and bode well for offshore oil service providers, said Global Hunter Securities analysts.

Chevron Corp.’s Australian subsidiary has made a natural gas discovery in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia.

One day after Nexen Inc. sold a 40% share in certain gas assets in British Columbia for $700 million, the Canadian oil company formed a joint venture with China's CNOOC Ltd. in the Gulf of Mexico.

The US Department of Energy’s Office of Fossil Energy has selected six new natural gas and oil research projects aimed at reducing risks and enhancing the environmental performance of drilling in ultra-deepwater settings.

Speaking on Platts Energy Week, an all-energy news program, on Oct. 30, a veteran energy executive said he thinks the US Department of the Interior is overstepping its boundaries by inspecting an oil rig set to drill in Cuban waters ahead of its arrival there.