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MEXICO CITY–Mexican state oil monopoly Petroleos Mexicanos, or Pemex, has found a second big crude-oil deposit in the deep waters of the Gulf of Mexico,

(Bloomberg) — Petroleos Mexicanos, the world’s fourth-largest crude producer, found a new ultra-deepwater field with about 200 million barrels of

Although incidents of piracy decline off the Horn of Africa, still an inestimable number of seafarers continue to bear the psychological impact of captivity by

Atwood Oceanics, Inc. (NYSE: ATW) announced today that one of its subsidiaries has been awarded a contract by CEC International, Ltd. for the jack-up

(Bloomberg) — Argentina’s Foreign Ministry accused a Ghanaian court of violating rules of diplomatic immunity after it blocked an Argentine naval

By Te-Ping Chen, Kathy Chu and Isabella Steger HONG KONG–Police arrested seven crew members from boats that collided Monday night in Hong Kong, killing

ClassNK Chairman and President, Noboru Ueda, announced Monday the opening of three new offices outside of Japan bringing the total number of overseas ClassNK

(Bloomberg) — Transocean Ltd., the world’s biggest offshore driller, can keep renting equipment to Petroleo Brasileiro SA after Brazil’s top

RIO DE JANEIRO–Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR) said Friday it was taking legal action to lift an injunction barring

The Korean Register of Shipping has become the latest and last remaining major classification society that has promised to stop certifying Iranian ships,

Is this photo proof that Mars once had an intertwined inland waterway system? NASA scientists say that photos taken recently by the Curiosity Rover reveal

(Bloomberg) — Taiwan warned of floods and landslides as the second super typhoon in two weeks ripped through the East China Sea and headed for islands

Total annual operating costs in the shipping industry increased by an average of 2.1 percent in 2011 led primarily by increasing crew costs, says international

*UPDATE* We just got word from Liberty Maritime that we definitely got some bad info, and it’s nowhere near as clear cut as our inital report this

The Kara Sea, a body of Arctic waters so remote that the Soviet Union used it as an atomic- waste dump for more than 25 years, has become the

The Maritime and Coastguard Agency (MCA) announced today that seven foreign flagged ships were under detention in UK ports during August 2012 after failing

Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced Monday that 38 million unleased

RIO DE JANEIRO–Brazilian billionaire entrepreneur Eike Batista is in early talks to merge his shipbuilding and oilfield-services company, OSX Brasil

(Bloomberg) — The Obama administration will report today that Iran’s state-owned oil company is linked to a military unit sanctioned for weapons

RIO DE JANEIRO–Global energy needs will continue to drive demand for the specialized drilling rigs needed to tap ever-deeper offshore oil fields