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Even as it faces $50 billion in potential liabilities from the worst U.S. offshore oil spill, BP Plc is leading the effort to extract crude from deep below the

BP Plc, which has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, seeks to get $750 million of that back by convincing a Texas court that a

Brazilian federal prosecutors accused Batista of financial- market crimes and are seeking to freeze his assets valued at as much as 1.5 billion reais ($641

There are about 300 rigs in the UK North Sea and the cost of decommissioning is expected to exceed 40 billion pounds ($65 billion) until 2040, with expenditure

Chinese oil trader Unipec has booked one of the world's largest ships to store crude off Singapore, trade sources said on Monday, hiring a 3.2 million barrel

Sister vessel to the Island Performer, the Island Constructor was built in 2008 by Ulstein Verft for Island Offshore and is an offshore construction and well

International classification society ABS says it has added the first Japanese-flagged vessel to its classed fleet after having been awarded the status of a

BP Plc acted with gross negligence in setting off the biggest offshore oil spill in U.S. history, a federal judge ruled, handing down a long-awaited decision

An oil tanker off the coast of Texas loaded with $100 million of disputed Iraqi Kurdish crude has pulled its anchor from the water and set sail for the first

The deadly Ebola outbreak in Nigeria is affecting Bourbon SA’s operations, the supplier of ships and crew to energy producers said after reporting it swung

Armed pirates robbed an petroleum products tanker near Ivory Coast's port of Abidjan, a maritime agency and a private security advisor said on Wednesday, in an

A pirate gang operating in Malaysian waters hijacked an oil products tanker on Thursday off the small of island of Pulau Tioman before making off with the

Gulf Marine Services, a provider of support vessels for offshore oil exploration, is to pay its first dividend after interim profit rose amid strong

Traffic at Canada's Port of Prince Rupert soared 49 percent in July from a year earlier as container ships try to avoid delays from a possible strike by U.S.

WASHINGTON – The American Maritime Partnership (AMP), the voice of the domestic American maritime industry, released the following statement and fact versus

U.S. oil giant ExxonMobil began drilling in Russia's Arctic on Saturday, despite Western sanctions imposed on its Russian partner Rosneft, and was hailed by

The Statoil-contracted rig Transocean Spitsbergen has made a gas discovery while drilling at production license 614 approximately 300 kilometers north of

Wärtsilä signed their second design contract today with Tidewater subsidiary Troms Offshore Supply for their new VS 4530 series of arctic multi-purpose

A Kiribati-flagged tanker hijacked off the coast of Ghana last month has been released by pirates, according to the International Maritime

The crew boat suffered a slight mishap last week when it ran straight into an offshore platform in the Gulf of