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Tropical Storm Karen formed in the southeastern Gulf of Mexico on Thursday and could become a hurricane before hitting the U.S. coast between Louisiana and the

If OGX goes under, its largest U.S. creditors stand to lose millions in Latin America’s largest corporate default. Batista’s salesmanship and

BP Plc, seeking to reduce potential water-pollution fines of as much as $18 billion, is trying to convince a judge that less oil spilled in the 2010 Gulf of

The Baltic Exchange's main sea freight index, which gauges the cost of shipping commodities such as iron ore, cement, grain and coal, fell on Monday on lower

Jumbo Shipping this month saw the launch of the first ship in the heavy lift company's new K3000 class, named Jumbo Kinetic, at the Brodosplit Shipyard in

Divers on Thursday found what they believe to be the last two missing bodies from the sea where the Costa Concordia cruise liner sank last year off the Italian

Switzerland-based Noble Corporation (NYSE: NE) announced today that it will be splitting up its drilling business into two distinct offshore drilling

Britain's aviation regulator on Tuesday launched a review into offshore helicopter operations in the North Sea, a month after four oil workers were killed when

Norsafe, a leading supplier of marine safety equipment, is happy to announce that it has reclaimed the world record for highest freefall lifeboat drop... and

When geologist Robert Ryan started his career in the 1970s, 600 feet was considered “deep water,” shale was useless rock and oil didn’t

New Orleans-based Harvey Gulf International Marine confirmed rumors Thursday that it has acquired all assets and business of rival Abdon Callais Offshore. The

Sembcorp Marine on Thursday said it has secured a $346 million contract to build a second semisubmersible well intervention rig for Helix Energy Solutions

New company, DNV GL, will be operational beginning September 12,

The port of Miami, the world’s largest cruise-ship hub, is selling a record $389 million of debt to boost its cargo business as the Panama Canal

As the monsoon in the NW Indian Ocean begins to subside and the weather once again becomes conducive to the operation of small pirate skiffs, the ICC

Tropical Storm Gabrielle regenerated and took aim at Bermuda on Tuesday while Tropical Storm Humberto strengthened on the cusp of becoming the season's first

The cost of hauling iron ore is poised to rise to a three-year high after shipments to China expanded to a record, boosting returns for Nippon Yusen K.K. and

Frontline 2012, the consolidating offshoot of John Fredriksen's tanker company Frontline Ltd., has taken delivery of the first vessel out of five dozen

The U.S. Environmental Protection Agency has fined units of Royal Dutch Shell more than $1 million over violations of the company’s Clean Air Act permits

NEW DELHI (Reuters) – Iran has released an Indian crude oil tanker that was detained last month over pollution concerns, an Indian shipping official said