In a statement issued to the Bombay Stock Exchange, Aban said about 97% of the claim amount has been received, with the balance likely to be paid out shortly. The semisub was operating for Venezuela's ...

CARACAS, Venezuela -- An offshore natural-gas platform sank off Venezuela on Thursday, and 95 workers were rescued safely, the government said. All of the workers on the Aban Pearl platform off ...

The semisub was operating for Venezuela's state-run producer PDVSA at the Mariscal Sucre complex development under a five-year contract which came into effect last year. Venezuela's Oil Minister ...

ICICI Lombard General Insurance, the largest private nonlife insurer in India, said it has accelerated payment of a settlement for losses of US$235 million for the sinking of semi-submersible natural ...

MUMBAI, June 1 (Reuters) - Shares in Aban Offshore Ltd have tumbled more than 44 percent since the beginning of 2010 on concerns of high debt leverage and order renewals. Sign up here. Investors were ...

MUMBAI, July 28 (Reuters) - Aban Offshore said on Wednesday it has received a major portion of the $235 million insurance claim for its semi-submersible rig, sending its shares soaring but analysts ...

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts. The Associated Press reports that a natural-gas rig off Venezuela has ...

Aban Offshore Ltd has signed an agreement for the deployment of the Aban Pearl semisub offshore Latin America, for a five year period. The estimated revenues from the deployment, which is expected to ...

Keppel FELS has successfully delivered the jackup drilling rig, Deep Driller 8, to Aban on time, within budget and without incidents. Keppel FELS has successfully delivered the jackup drilling rig, ...

CARACAS, Venezuela – CARACAS, Venezuela (AP) — A natural-gas platform sank off Venezuela on Thursday after workers escaped in lifeboats and the last few hurled themselves into the Caribbean Sea. The ...

CARACAS, Venezuela — An offshore natural-gas platform sank today off Venezuela, and 95 workers were rescued safely, the government said. All of the workers on the Aban Pearl platform off eastern Sucre ...