Aban Offshore?s reinsurer agrees to settle claim Aban Offshore Ltd, which has been floating in debt, has got a much needed breather as reinsurers agreed to settle the insurance claim relating to the ...

Aban Offshore, India's largest oil rig company, is likely to come under increased stress for repaying debt after the loss of its semi-submersible rig, Aban Pearl, which sank in the early hours of ...

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 ...

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 ...

CARACAS, Venezuela – A natural-gas platform sank off Venezuela on Thursday after workers escaped in lifeboats and the last few leaped into the Caribbean Sea. The oil minister said there was no threat ...

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 ...

A natural-gas platform sank off Venezuela on Thursday after workers escaped in lifeboats and the last few leaped into the Caribbean Sea. The oil minister said there was no threat to the environment ...

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 ...

The Aban Pearl listed and sank off the Paria Peninsula on Friday after an apparent failure in the flotation system occurred, just as PDVSA was initating a test on one of four fields that form the ...

LIMA, Peru — An offshore natural gas exploration rig leased to Venezuela’s national oil company sank off the coast of northeastern Venezuela and forced the authorities to evacuate all 95 of its ...

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 ...