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(Dow Jones) Seadrill Ltd. (SDRL, SDRL.OS) swung to a fourth-quarter loss as the offshore-drilling contractor booked a hefty impairment charge. However, the

RIO DE JANEIRO (Dow Jones)–A federal judge in Brazil denied an injunction to suspend the local operations of U.S. oil major Chevron Corp. (CVX) and rig

Wärtsilä said today that it has signed a ten year extension to a license agreement with Hyundai Heavy Industries’ Engine and Machinery Division to

  Here, the Military Sealift Command-chartered cargo ship MV Green Wave is in the process of offloading more than 6.8 million pounds of vital supplies,

A fire on board a Russian oil tanker claimed the life of at least one crewmember in the Caspian Sea on Tuesday. Russian news agency RIA Novosti, citing a

Two tugs have joined the Costa Allegra and will help tow the broken down cruise ship to the Island of Mahe, Seychelles, the cruise ship owner, Costa Crociere,

By Jan Møller Hansen Ship breaking in Bangladesh started back in 1960 when the Bay of Bengal was struck by a cyclone, which left a giant cargo ship beached

SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s second-largest shipping firm by sales, expects the U.S. dollar to weaken

(Dow Jones) Rowan Cos.’s (RDC) fourth-quarter earnings fell 21% as the offshore drilling company reported lower contributions from discontinued

Transocean Ltd.’s (RIG) fourth-quarter loss widened sharply as the offshore-oil driller reported higher charges, mostly due to impairment, though revenue

Aker Solutions has been awarded a contract by Statoil to deliver replacement and upgrading of the drilling equipment and systems on the Snorre A platform in

Technip, in partnership with DSME, was awarded by DONG E&P and BAYERNGAS, a contract for the HEJRE project development, offshore Denmark, at a water depth

SINGAPORE, 28 February 2012 – EMAS AMC, the subsea division of Ezra Holdings Limited (“Ezra”), today announces that it has been awarded a

27 February 2012 – A comprehensive regional strategy is critical if countries are to successfully combat piracy in the Gulf of Guinea, a top United

With rising gas prices and current events again fueling Strategic Petroleum Reserve (SPR) speculation, a coalition of U.S.-flagged vessel operators has urged

BP and plaintiffs suing over the 2010 Gulf of Mexico oil spill are said to be in talks for a $14 billion settlement funded by monies originally set aside

MUMBAI (Dow Jones)–Adani Ports & Special Economic Zone Ltd. (532921.BY) said Monday it has received an initial letter from a government-run port

LONDON (Dow Jones)–New European sanctions will limit coverage of Iranian oil ships by the Japan P&I Club, the club said Monday, as the measures start

Hamilton, Bermuda – Seadrill has in the last year seen a surge in long-term demand for tender rigs and modern ultra-deepwater drilling rigs. The

Austal said today that the U.S. Navy has exercised contract options calling for the construction of the two additional Joint High Speed Vessels (JHSVs) worth