Oil Jumps As Support For Cut Extensions

Oil Jumps As Support For Cut Extensions Grows

Friday, October 22, 1999

Oil prices surged on Friday as traders began to take seriously the prospect of an extension beyond next March of producers' supply curbs. International benchmark Brent crude traded 63 cents higher at $22.74 a barrel after Kuwaiti Oil Minister Sheikh Saud Nasser al-Sabah said he supported this week's Saudi proposal to consider leaving the output limits in place longer than the one-year term agreed last March.

Navy Shipyard Puget Sound Seeks Volunteer Workers

DNV Gains USCG Acceptance

USS Nimitz Indian Ocean Shipboad Fire Extinguished

Carneiro to Head Tesla’s Brazil Operations

What You Need to Know to Operate Offshore Brazil

Contracts

ABB to Play Role in Protecting Venice

ABB’s Symphony Plus control system to help protect Venice from high water flooding at the long Venetian Lagoon Malamocco inlet. Every four years or so, text messages,

Containership Operators Respond to Market Decline, Form Alliance

Maersk Line, MSC Mediterranean Shipping Company S.A. and CMA CGM have in principle agreed to establish a long-term operational alliance on East – West trades, called the P3 Network.

BAE Gets Navy Contract for USS Arlington

The Department of Defense awards a Navy contract for work on LPD 24 to BAE Systems, Norfolk, Va. BAE Systems Norfolk Ship Repair, Norfolk, Va., is being awarded a $22,

Offshore

DNV Launches New Offshore Safety Training

DNV is to deliver new courses in offshore safety which aim to advance the critical role of elected safety representatives (ESRs) in minimizing the risk of accidents and improving safety.

Bibby Makes Two Staff Appointments

Bibby Offshore’s newest division, Bibby Remote Intervention Limited (BRIL) Recently increased its workforce following the creation of two new positions. David Howe

Wärtsilä to Provide Harvey Gulf Vessels Integrated Package

Wärtsilä has been awarded a contract by Eastern Shipbuilding Group, of Panama City, Florida to supply an integrated solution for a new multipurpose support vessel