With a fleet of offshore vessels with an average age of 5.6 years, Bourbon is poised to tap into the increasing markets for deepwater and shallow water vessels.

What was once considered a promising new product for SBM turned into an albatross for the company, which is refocusing on its core FPSO product.

Increased and expanded scope of training, drills and competency testing along with improved response equipment could prevent future unthinkable events like Macondo.

With the tightness in rig availability, companies are likely to start stepping up new orders for drilling rigs in the near future.

Newly appointed FMC Technologies chief executive officer John Gremp admits it’s lonely at the top.