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Photo: M/V Thor Nexus courtesy MarineTraffic.com Tuesday, pirates in the Gulf of Aden released the cargo ship M/V Thor Nexus for a reported ransom of US $5

NEW YORK (Dow Jones)–Offshore explorer ATP Oil & Gas Corp. (ATPG) has resumed drilling at its Telemark field in the Gulf of Mexico, one of the first

WASHINGTON (Dow Jones)–After a year in which the Obama administration revamped rules for oil and gas drilling in U.S. waters, the administration is

Polarcus fleet courtesy Polarcus Polarcus Limited (OAX: PLCS) Tuesday received a Statement of Qualification from Det Norske Veritas (DNV) to qualify

Seadrill has been having a good week.  Yesterday, the company announced it has exercised an option to build a new ultra-deepwater dual derrick drillship at

ntegrated Modular Customized (IMC) ferry designs by Deltamarin and Wärtsilä. The vessels combine cost saving modular construction with a tailored

Keppel Offshore & Marine announced Tuesday two new contracts from global customers totaling US $240 million.  The contracts, made through Keppel’s

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) said Monday that its ultra-deepwater drillship Dhirubhai Deepwater KG2 has set what it believes to be a world record

SEOUL (Dow Jones)–Samsung Heavy Industries Co. (010140.SE) plans to continue its policy of fully hedging its exposure to foreign exchange risks arising

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has approved Statoil to resume drilling in the Gulf of Mexico. The approved permit

SINGAPORE (Dow Jones)–Yangzijiang Shipbuilding Holdings Ltd. (BS6.SG) Monday said it entered into six shipbuilding contracts with a total value of

Photo: An overflight of relief well operations by an Air Station New Orleans HH-65 Dolphin helicopter manned by a Coast Guard HITRON crew from Jacksonville,

Image via NATO UPDATE: According to a report from Tradewinds.no, owners of the pirated Irene SL, NS Lemos, paid a record breaking $13.5m to free the VLCC from

Hamilton, Bermuda, April 11, 2011 – Seadrill (NYSE:SDRL) has exercised an option to build a new ultra-deepwater dual derrick drillship at the Samsung

The Triple-E rating obtained for ‘Stena Foreteller’ was handed over in a ceremony onboard the vessel in Gothenburg today. Stena RoRo has become the

Dependeth the might of the chain. Who knows when thou may’st be tested? So live that thou bearest the strain! Brazilian oil giant Petrobras (NYSE:PBR)

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has approved a deepwater permit for the drilling of a ninth well in the U.S. Gulf of

The U.S. Navy is giving defense contractor BAE systems US $2.8 million to demonstrate their Tactical Laser System (TLS) that can be integrated with existing

The M/V Lone, owned by shipping company S.A.L. of Germany, together with sister ship Svenja, is the most powerful Heavy Lift Ship in the world. It has two

EUNAVFOR has reported that the general cargo ship M/V Susan K was pirated early this morning approximately 200 nautical miles North-East of Salalah, Oman; a