Reuters

An explosion at oil and gas operator Fieldwood Energy's Echo Platform in the Gulf of Mexico on Thursday killed one person and injured at least one, but no

Dry bulk shipping firm Golden Ocean reported third-quarter earnings below expectations on Friday and said charter rates remained too low to ensure

Construction of Nicaragua's $50 billion Interoceanic Grand Canal, expected to rival the Panama Canal, will begin Dec. 22 after feasibility studies have been

The unrecoverable credit granted Tankoil was never submitted to the board, let alone authorised by it, said Chairman Niels Henrik

Britain's Baltic Exchange faces competition from EEX, part of Deutsche Borse, as it tries to revive its loss-making Baltex dry bulk freight derivatives

Tug boat engineers at Port Hedland, Australia's biggest iron ore port, plan to hold a four-hour work stoppage on Nov. 22, tug operator Teekay Shipping

Samsung Heavy Industries said on Wednesday it has decided to scrap a merger with Samsung Engineering because of the high costs of buying shares from

A tanker carrying Algerian light oil arrived at the Venezuelan port of Jose late on Monday and is waiting to unload up to 2 million barrels in PDVSA's second

South Korea launches a massive new government agency this week to handle emergency rescue and safety management seven months after the Sewol ferry

Officials for Italy's Tuscany region and the island of Giglio said on Monday they would seek a total of 220 million euros ($274 million) in damages from Costa

China and Australia on Monday signed a declaration of intent on a landmark free trade deal more than a decade in the making, opening up markets worth billions

Norway's Statoil risks millions of dollars in extra costs in Canada - a test case that could spell problems for other oil firms too as coastal states extend

A cruise ship with about 170 passengers and crew members suffering from a gastrointestinal ailment caused by norovirus was met by public health officials when

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 20.5 percent to $934 per 20-foot container (TEU) in the week

Venezuelan oil ports are struggling to load and unload cargoes on time amid an increase in fuel imports prompted by trouble at PDVSA's 1.3

Eight of the 15 surviving crew members of a South Korean ferry that capsized in April have filed for appeal against their convictions on negligence charges in

A senior official of China National Offshore Oil Company (CNOOC) is under investigation suspected of having received

Tension over prolonged labor talks between maritime shippers and the union representing 20,000 West Coast dockworkers has erupted in public as the two sides

Oil firms stepped up legal action against the Singapore units of bankrupt ship fuel trader OW Bunker with the arrest of a ship fuel delivery barge Laguna on

"We are very pleased with the results. It is better than what we have hoped for and cash flow is so strong we feel further confirmed that we are very well