Friday, August 13, 1999 Maritime News

Oil Prices Hit Highest Point In Nearly Two Years

Aug 13, 1999

Oil prices rallied to a 22-month peak of $21 a barrel on Friday, buoyed by Nigerian supply disruption, declines in U.S. oil stockpiles and OPEC output restraint.

Aker RGI Records 42% Drop

Aug 13, 1999

Norwegian industrial holding group Aker RGI recorded a 42 percent drop in first half operating profits, mainly pressured by weaker results for its offshore supply unit Aker Maritime.

LNG Signs $400 M Deal With Hyundai

Aug 13, 1999

A subsidiary of Nigeria liquefied natural gas (LNG) has signed a $400 million deal with South Korea's Hyundai Heavy Industries Co for the construction of two LNG

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