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(Bloomberg) — BP Plc’s plans to sell almost $8 billion of deep-water oilfields in the Gulf of Mexico is paving the way for the biggest influx of

(Bloomberg) — Royal Dutch Shell Plc has spent seven years and $4.5 billion, and fought off at least 50 lawsuits, for a chance to tap what is thought to

ATP Oil & Gas Corp. (ATPG) filed for Chapter 11 bankruptcy protection Friday, hit by the rising costs associated with its deep-water drilling projects in

The U.S. Bureau of Safety and Environmental Enforcement on Thursday gave teeth to its policy that its inspectors can issue citations to oilfield service

HOUSTON–The global quest for deepwater oil and gas fields continues unabated, despite recent economic turmoil and concerns about where energy prices

EU Naval Force Somalia’s Operation Atalanta, or EUNAVFOR, said this week that it’s anti-piracy forces launched a coordinated effort that ended with

BP Plc is seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in

LONDON–The short window for Royal Dutch Shell PLC (RDSB.LN) to drill exploratory wells off Alaska’s Arctic coast is rapidly narrowing as the

Houston-based Diamond Offshore (NYSE:DO) announced Tuesday that a subsidiary has ordered a moored semi-submersible rig from Singapore’s Jurong Shipyard

Petrobras has awarded a more than $900 million contract to OSX to integrate two floating production units, with the option for a third. RIO DE

Nigeria’s oil spill agency said it wants Chevron Corp., the world’s fourth-largest energy company, to pay a $3 billion penalty for a rig explosion

A group of alleged Somali pirates have been slapped with piracy charges for the second time in connection to an attack on a U.S. Navy ship in the Gulf

A cable laying ship returning from a repair job off the coast of Namibia erupted in flames and smoke earlier this week, forcing all 56 crew members to abandon

DNV’s summer students this week presented the results of seven weeks of intense and targeted work to develop a realistic and suitable concept for a

The Marine Well Containment Company (MWCC), Royal Dutch Shell, and the United States’ Bureau of Safety and Environmental Enforcement (BSEE) announced

Cuba’s contested offshore exploratory drilling program has come up short yet again with Cuba’s state-owned oil company announcing that the second

Forecasters at Colorado State University on Friday slightly raised their hurricane forecast for the 2012 Atlantic storm season, predicting to see 14 named

SAO PAULO–The head of Brazil’s national petroleum agency, ANP, said Thursday a court order for Transocean Ltd. (RIG) to suspend operations in the

(Bloomberg) — Inmarsat Plc jumped the most in more than three years after the biggest provider of satellite services to the maritime industry posted

Weekly Incidents by Region: July 26-Aug 1 SOUTH AMERICA: COLOMBIA: Bulk carrier was boarded on 31 July at 03:49 N – 077:09 W, Buenaventura Anchorage,