EIA Lowers OPEC Output Estimates

Tuesday, August 08, 2000
The U.S. Energy Information Administration (EIA) has lowered its forecast for OPEC oil production, excluding Iraq, in the current quarter by 100,000 barrels per day (bpd) to 26.1 million bpd. OPEC production has increased from the second quarter but the cartel's output has not risen as high as the agency had previously estimated. EIA forecast last month that OPEC production would be 26.2 million bpd in third quarter.
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Offshore

Otto Marine's Financial Health on the Mend

Michael See Kian Heng, Group Executive Director of Singapore-based offshore vessel owners & shipbuilders Otto Marine, says that his company reported revenue of US$512.

POSH may raise $311 Mln in Singapore IPO

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BOEM gives more time to submit plans OCS

The Bureau of Ocean Energy Management (BOEM) announced today the publication of its Final Rule to extend time requirements for submitting a Site Assessment Plan

Tanker Trends

North Sea Crude-Forties eases, VLCC options narrow

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Latest Shipbuilding Contracts Include VLCC Order for Philippine Yard

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