Bloomberg

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion

By Brian Wingfield and Billy House (Bloomberg) — Senate negotiators are nearing a deal to allow unfettered U.S. crude oil exports for the first time in

By Tony Capaccio (Bloomberg) — The U.S. Navy’s new Littoral Combat Ship would be ineffective at hunting for mines because an underwater drone made by

By Naomi Christie and Rakteem Katakey (Bloomberg) — Back when the global recession trashed oil demand and prices, the likes of BP Plc and Vitol Group

By Bloomberg News (Bloomberg) — China announced plans to reorganize two major shipping groups with combined revenue of more than $40 billion, paving the

(Bloomberg View) — The U.S. Navy’s newest destroyer did something amazing this week: It floated. As absurd as it sounds, it was worth finding out

By Charles Penty (Bloomberg) — In 1708, the Spanish flagship San Jose was sunk by a British squadron near the port of Cartagena, in what is modern-day

By Manisha Jha (Bloomberg) — Investors betting that China’s near- insatiable appetite for industrial raw materials will drive global economic growth

By David Wethe (Bloomberg) — The relatively unheralded corner of the oil sector that sends supply boats out to offshore oil rigs may see bankruptcies as

By Kyunghee Park and Joyce Koh (Bloomberg) — CMA CGM SA’s S$3.38 billion ($2.4 billion) takeover of Neptune Orient Lines Ltd. offers two advantages for

By Selcan Hacaoglu (Bloomberg) — Turkey released three of four Russian ships that it detained this month at a Black Sea port for maritime safety

By Mikael Holter (Bloomberg) — Russian oil companies OAO Rosneft and Lukoil PJSC were among 26 explorers to apply for blocks in Norway’s new licensing

By Naomi Christie and Manisha Jha (Bloomberg) — Oil tanker rates soared to the highest in seven years amid an acceleration in the number of bookings and

By Mikael Holter (Bloomberg) — Norway is holding talks with Russia on rules for seismic studies of oil and gas fields on each side of their maritime

Federal prosecutors dropped manslaughter charges against BP’s two top employees on the Transocean oil rig Deepwater Horizon that blew up in 2010, the

By Joyce Koh (Bloomberg) — CMA CGM SA, the world’s No. 3 container shipping company, is in talks with lenders to finance its potential takeover bid for

by Mikael Holter (Bloomberg) Transocean Ltd., the biggest offshore-rig operator, won a contract to drill four wells off Norway for Det Norske Oljeselskap ASA

Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest

The Pacific Ocean is warm. Very warm. Last week, NOAA‘s U.S. Climate Prediction Center announced temperatures reached 3 degrees Celsius

By Jasmine Ng (Bloomberg) — Most-active iron ore futures in Singapore sank below $40 a metric ton for the first time on concern that the economic