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A brazen pirate attack offshore Nigeria has resulted in the kidnapping of the vessel’s Master and Chief Engineer, one injury, and one missing person,

RIO DE JANEIRO (Dow Jones)–A federal judge in Brazil denied an injunction to suspend the local operations of U.S. oil major Chevron Corp. (CVX) and rig

With rising gas prices and current events again fueling Strategic Petroleum Reserve (SPR) speculation, a coalition of U.S.-flagged vessel operators has urged

BP and plaintiffs suing over the 2010 Gulf of Mexico oil spill are said to be in talks for a $14 billion settlement funded by monies originally set aside

The civil trial over the Deepwater Horizon disaster has been postponed until March 5 to give BP PLC (BP, BP.LN) and lawyers representing those who say they

A crew boat carrying a four man crew ran ground on the Sabine jetties near Houston Port Arthur, TX early Friday causing various injuries to the crew and an

Statoil and ExxonMobil announced today that the recent discovery of natural gas off the coast of Tanzania has proven to be a rather significant find, further

NEW DELHI– The detention of two Italian naval officers over the fatal shooting last week of two Indians at sea has caused a diplomatic rift that deepened

The Seamen’s Church Institute (SCI) has just released a series of videos on Youtube highlighting the stories of four former pirate hostages.

LOS CABOS — The United States and Mexico agreed Monday to work together on oil and gas development in the Gulf of Mexico, paving the way to end a

Somali pirates have hijacked the UAE-owned M/V Savina-Fahad, Somalia Report has confirmed citing a Somali businessman in Dubai and a local pirate source.

  WASHINGTON (Dow Jones)–U.S. officials have approved an oil-spill plan for Royal Dutch Shell PLC (RDSA, RDSA.LN) as the company looks to begin

A portion of the Mississippi was closed Friday morning after two barges collided causing an oil spill about 50 miles upriver from New Orleans. The Coast Guard

The United Kingdom has stated they will share in a large discovery of oil off the coast of the once disputed Falkland Islands.  With royalties from the

20,000 metric tons. That’s 98 Statues of Liberty or 10,000 VW Beetles. But when you’re building the world’s largest vessels in the world,

(Washington, DC—) ABS celebrated its 150th anniversary in Washington, DC on January 31 and was recognized by Members of Congress for the classification

Somali piracy cost the shipping industry and governments almost $7 billion in 2011, according to an annual report released today by the nonprofit and

SEACOR Holdings announced today that it will be selling off a portion of its environmental business to J.F. Lehman & Company, a private equity firm focused

The Bureau of Safety and Environmental Enforcement (BSEE) and the National Oceanic and Atmospheric Administration (NOAA) announced today they are partnering to

A Maltese-flagged cargo ship caught fire yesterday while stuck in heavy ice in the Azov Sea.  The vessel, the M/V Captain Ivan Vikulov, sent a distress signal