Reuters

Canada will fail to deliver a proposed fleet of six to eight Arctic patrol ships unless it spends significantly more than the C$2.8 billion ($2.51 billion)

Britain's third-biggest energy company BG Group reported a worse-than-expected 26 percent fall in third-quarter operating profit on the back of a continued

Despite high hopes for Arctic business from mining to shipping as the ice melts rapidly and temperatures rise twice as fast as the global average, few firms

Pirates have launched a spate of attacks in the creeks of Nigeria's oil-producing Niger Delta region since last Thursday, killing three policemen and abducting

South Korean prosecutors on Monday sought the death penalty for the captain of a ferry that capsized in April, leaving 304 people, most of them school

Oil tanker Carabobo, bringing Venezuela's first import of crude oil, arrived late on Saturday at the Jose port, where it is scheduled to unload up to 2 million

United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2 billion in bigger ships and forming alliances with peers to boost

Shipping freight rates for transporting containers from ports in Asia to Northern Europe continued to fall for the sixth consecutive

The Somali government's grand vision for Mogadishu port under its new Turkish managers sees modern container ships replacing wooden dhows, new cranes easing

British energy company BG Group is in talks with BP to link their two gas developments off Egypt's coast, as part of BG's drive to breathe life into its

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker

The United States needs billions of dollars of new equipment including ice-breaking ships, better satellite service and fiber-optic networks as it prepares

By Oleg Vukmanovic MILAN, Oct 21 (Reuters) – Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States

"We believe that with the depleting (oil) reserves and aging (rig) fleet, the industry fundamentals are still strong," said Chief Executive Loh Chin Hua in a

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

A Dallas hospital lab worker who spent much of a cruise holiday in isolation after possible exposure to Ebola, has tested negative for the disease, Carnival

Sweden released on Sunday a grainy photo of a mysterious vessel in Stockholm's archipelago, as the military hunted for a foreign submarine or divers in the

Hurricane Gonzalo scored a direct hit on Bermuda on Friday evening, knocking out most of the electricity there as it lashed the tiny Atlantic island chain with

Venezuela's PDVSA bought two cargoes of Russian Urals light crude from a unit of Petrochina to be delivered starting in November at the Isla refinery in

Maersk Line plans to raise freight rates sharply on main routes from ports in Asia to ports in northern