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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

CARACAS, VenezuelaCARACAS, 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 ...

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 ...