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Exxon Mobil Corp. reported a steep drop in fourth-quarter profit on lower prices and declining production as the rout in oil ushered in an era of frugality for

After being stuck in legal limbo for six months, a tanker loaded with 1 million barrels of Kurdish crude headed east on Tuesday to leave U.S. waters after

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Wärtsilä announced Wednesday that it will equip four LNG carriers being built in China with LNG reliquefaction plants and gas handling systems, marking a

Eni SpA can do well with oil at $65 to $70 a barrel, Chief Executive Officer Claudio Descalzi

BRUSSELS (Reuters) – Belgian crude oil shipping group Euronav said on Tuesday that it was going ahead with its plan to list shares on the New York Stock

A gCaptain Forum member launched a petition yesterday on “We The People” to gather support to protect the Merchant Marine Act of 1920, aka the

California Congressman Duncan Hunter called upon Senators Lisa Murkowski (AK) and John Thune (SD) today for their support in defending the Jones Act.

Iron ore climbed to the highest in a month on speculation China’s plans to speed up $1.1 trillion of infrastructure projects this year will boost demand amid

It’s been an interesting and tumultuous year in the maritime and offshore sector with both regulatory and commercial drivers contributing to really

Brazil's prosecutor-general Rodrigo Janot on Tuesday called for the replacement of state-controlled oil company Petrobras' top management and punishment of

Chevron made the official announcement today that oil and natural gas production has begun at their massive Jack/St. Malo floating production

A corpse found in the wreck of the Costa Concordia is thought to be that of the last person unaccounted for almost three years after the luxury liner sank,

The Johan Sverdrup field holds 1.8 billion to 2.9 billion barrels of oil equivalent and is one of the five largest discoveries offshore

The remaining seven Indian crewmembers of the MV Asphalt Venture have been released by Somali pirates more than four years after the cargo ship was hijacked

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

Toronto-headquartered Pacific Rubiales Energy Corp. announced today that it has entered into a three year Memorandum of Understanding (MoU) and cooperation

Despite falling oil prices, traders in recent weeks have booked just a few tankers to store cargoes at sea as higher freight costs outweigh any profit play for

Malaysia’s largest builder of offshore support vessels, Nam Cheong Limited announced today a planned $30.7 million investment into PT Pelayaran Nasional

The Shell-initiated "Joint Shipping Initiative" has announced $1.5 million in funds to a United Nations Development Program aimed at fighting Somali piracy by