Reuters

The oil drilling industry faces a wave of take-overs in the next two years as crude prices are expected to remain under $85 per barrel, said Claus Hemmingsen,

The U.S. Navy has sent an aircraft carrier and a guided-missile cruiser into the waters near Yemen to conduct maritime security operations, a Pentagon

European Union foreign ministers met on Monday under pressure to produce more than words and save desperate migrants drowning in the Mediterranean, as bodies

"I have never faced a more difficult and challenging work environment," commented Chief Executive Ayman

Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 7.7 percent rise in first-quarter net profit on

The EU is considering sending warships to the Libyan coast to combat oil and arms smugglers but fears that could encourage more migrants to take to sea in the

As many as 700 people are feared dead after a boat carrying migrants capsized off the Libyan coast overnight, a United Nations official said on

A container ship ran aground in Egypt's Suez Canal in dense mist on Saturday morning, the canal authority said, delaying traffic through a vital global trade

Rates for very large crude carriers (VLCCs) on key Asian routes are likely to hold steady or climb next week if charterers release their May fixture programme

China’s island building program in the South China Sea may result in it gaining control of some of the world’s most important waterways, the U.S.’s most

North Atlantic Drilling, a subsidiary of offshore rig company Seadrill, has delayed closing a cooperation deal with Russia's Rosneft by two years and agreed to

A day of mourning for the 304 victims of the Sewol ferry sinking was overtaken by acrimony on Thursday, as organizers called off a ceremony planned to mark its

Italian police arrested 15 African men suspected of throwing about a dozen Christians from a migrant boat in the Mediterranean on Thursday, as the crisis off

Denmark's A.P. Moller-Maersk will cut 200 jobs in its Maersk Oil unit due to a drop in the oil price and to reduce operating costs by 20 percent over the next

Hundreds of people desperate to be rescued from a packed migrant boat in the Mediterranean pushed to one side when they saw a ship approach, capsizing the

At least five merchant vessels carrying food are stuck off Yemen as warships from a Saudi-led coalition search them for weapons bound for Iran-allied Houthi

About 400 migrants died in an attempt to reach Italy from Libya when their boat capsized, survivors said on Tuesday, the latest tragedy in the Mediterranean

Egypt will import around $3.55 billion worth of liquefied natural gas (LNG) in the 2015-2016 financial year, an official at state-owned Egyptian General

Imports in March were estimated to have risen 80 percent to 24.73 million tonnes, according to mjunction data based on information from shipping companies,

Lithuania is considering allowing its liquefied natural gas import terminal to re-export LNG to global markets during summer when local demand declines, the