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Sete Brasil Bankruptcy Seen as Blow to Petrobras, Shipbuilders

By Guillermo Parra-Bernal SAO PAULO, April 20 (Reuters) – Shareholders in Sete Brasil Participações SA voted on Wednesday to allow the ailing rig lessor to seek bankruptcy protection after efforts to...

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Transocean Delays Drillships at Sembcorp Marine

Switzerland-based offshore drilling contractor Transocean (NYSE: RIG) has announced an agreement with a unit of Sembcorp Marine to delay the delivery and related final payments of two dynamically...

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