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BP PLC (BP, BP.LN) reached a deal to sell some of its Gulf of Mexico offshore oil fields to Plains Exploration & Production Co. (PXP) for $5.55 billion, as

After a six-year wait and clearing countless hurdles, Royal Dutch Shell PLC’s (RDSA.LN, RDSA) U.S. unit said it began drilling in Alaska’s Chukchi

Brazilian state-owned oil company Petroleo Brasileiro SA, or Petrobras, is seeking a joint-venture partner to invest as much as $4 billion into the

The biennial SMM-Hamburg conference, known as one of the maritime industry’s leading trade fairs and considered by many a “must attend”

It has been said that the technology used to drill ultra-deepwater oil and gas wells rivals that of NASA.  Sometimes those comparisons are more literal than

RIO DE JANEIRO–A federal court in Brazil will allow one of the executives charged in a criminal lawsuit related to a November spill at an offshore

While Venezuelan officials maintain that a recent major fire at the country’s largest refinery last month hasn’t hurt its oil business, the

(Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas explorer, asked the U.S. government to review its $15.1 billion offer for

The Port of Los Angeles, the country’s busiest container port, faces an uncertain future. A $5.25-billion project will make the Panama Canal wider and

Nearly half of the oil production in the U.S. Gulf of Mexico remained shut-in Wednesday as producers continue to restore production following Hurricane Isaac.

Royal Dutch Shell said Wednesday that it has signed a contract for the charter of two newbuild LNG-powered tank barges that will operate along the river Rhine

(Bloomberg) — BP Plc, the owner of the Macondo well that caused the worst U.S. oil spill two years ago, declined in London after the Department of

(Bloomberg) — Fred. Olsen Energy ASA, a Norwegian offshore drilling company, fell the most in three months in Oslo trading after major shareholders

Kirby Corporation (NYSE:KEX) announced Tuesday that it has entered into an agreement to purchase tug and barge operator Allied Transportation Company for $116

East Africa’s “Big-Three” warned Tuesday that despite a recent downturn in global piracy incidents, shipowners should not let their guard

The Bureau Veritas classed fleet has grown past the 10,000 mark, the international classification society said Tuesday. In a statement Bureau Veritas said

(Bloomberg) — BP Plc, whose Macondo blowout in the Gulf of Mexico caused the biggest offshore oil spill in U.S. history, is drilling the first

Noble Corp. (NE) said it expects its third-quarter revenue to be hurt by about $50 million due to operational delays and other developments around returning

(Bloomberg) — U.S. Secretary of State Hillary Clinton arrived in Beijing on a mission aimed partly at prevailing on China and Southeast Asian nations to

(Bloomberg) — Royal Dutch Shell Plc won a U.S. permit to begin limited preparatory work for drilling off the North Coast of Alaska, Interior Secretary