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The U.S. Chemical Safety Board issued a subpoena to the owner of the oil and gas platform that exploded last week, the government agency said Monday. The

(Bloomberg) — Maersk Line, the world’s biggest operator of container ships, expects rates to rise on trans-Pacific routes next month because of an

GRAND ISLE, La.–Divers searching the Gulf of Mexico for two workers missing after an explosion on an oil platform recovered the body of one Saturday

Denmark’s AP Moller-Maersk (MAERSK-A.KO, MAERSK-B.KO) will shift the focus of its business activity from shipping, choosing instead to concentrate on its

After 13 years with Teekay (NYSE:TK), Graham Westgarth, Teekay’s EVP for Innovation, Technology and Projects, has announced his intentions to resign

(Bloomberg) — Gasoline advanced for the first time in three days in New York Harbor as the waiver of shipping regulations following Hurricane Sandy

*UPDATE*  as of 5:25PM on 17 November:  The USCG has suspended its search for the 2 missing rig workers.  In the past 32 hours, 1,400 square miles of ocean

(Bloomberg) — The glut of oil tankers competing to load in the Persian Gulf dwindled to a seven-month low as China draws shipments, setting the

BUENOS AIRES–The International Tribunal for the Law of the Sea has proposed holding hearings Nov. 29-30 in a dispute between Argentina and Ghana over a

HOUSTON–An oil and gas platform exploded and caught fire off the coast of Louisiana on Friday, injuring 11, leaving two missing and resulting in a

RIO DE JANEIRO—-The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Friday that it

(Bloomberg) — Transocean Ltd., the world’s largest offshore rig contractor, won an appeals court ruling that reinstates a $15 million jury verdict

Norwegian offshore engineer Dof ASA (DOF.OS) said Friday it has secured multiple contract awards in Asia Pacific, the Mediterranean and in the Gulf of Mexico

(Bloomberg) — New York Harbor gasoline slumped for a third day after the waiver of the Jones Act allowed cargoes to be delivered from the Gulf Coast and

By Joe Palazzolo BP PLC has agreed to plead guilty to a number of felony and misdemeanor charges stemming from the Deepwater Horizon disaster that killed 11

(Bloomberg) — BP Plc reached a settlement with the U.S. government for $4.5 billion that will end all criminal charges and resolve securities claims

Cameron International Corp. and Schlumberger Ltd. will join forces to develop and manufacture products for the subsea oil and gas market. Schlumberger, the

STX Europe, Europe’s largest shipbuilding group specializing in cruise ships, ferries, and specialized vessels, announced Thursday the group’s

Overseas Shipholding’s (OSG) Chapter 11 filing to deal with its bulging debt isn’t a surprise. And it also won’t be the

Athens, Greece-DryShips Inc. (NASDAQ: DRYS), an international shipper of dry bulk and petroleum cargos, and through its deepwater drilling subsidiary, Ocean