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(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

The United States’ first grid-connected tidal power project is now online and delivering electricity to the grid from an underwater power system in

With Royal Dutch Shell and Cairn Energy’s failed attempts at finding recoverable oil and gas in the arctic this year, along with a record breaking ice

TORONTO–Nexen Inc. shareholders, as expected, overwhelmingly voted in favor of Cnooc Ltd.’s proposed $15.1 billion takeover of the Calgary-based

Arctic sea ice appears to have reached its minimum extent for the 2012 melt season at a mere 3.41 million square kilometers (1.32 million square miles),

(Bloomberg) — Billionaire Wilbur Ross won a judge’s approval to buy shares in a shipping company held by Lehman Brothers Inc., a spokesman for the

(Bloomberg) — Gulf of Mexico fisheries are rebounding from the BP Plc oil spill, landing more fish last year than in 2009, the year before the worst U.S.

  Update: Unfortunately you will not be seeing a X-Bow USCG cutter anytime soon, as Vigor was not one of the three shipyards selected for the next round