U.S. Oil Drilling Rig Count Up 11, Canada Downs One

Friday, May 21, 1999
The number of rigs exploring for oil and natural gas in the United States reportedly rose 11 from last week to stand at 518 as of May 21, and down from 855 a year ago.
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Offshore

Shell Green Lights GoM Field After Cost Cuts

Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water

Statoil to Suspend Saipem Rig Contract

Norwegian oil major Statoil said on Wednesday it will suspend a rig contract with Italy's Saipem due to overcapacity in its rig portfolio. The suspension of

Cargoship Disabled and Grounded in Dardanelles

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Finance

Chinese PM Inks 2 Agreements During CMA CGM Visit

The CMA CGM Group hosted the Chinese Prime Minister, the French Foreign Affairs Minister and a ministerial delegation at its headquarters in Marseilles, July 1, the global shipping company announced.

Shell Green Lights GoM Field After Cost Cuts

Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water

Kenyan Port Workers Strike Over Higher Health Costs

More than 2,000 workers at East Africa's biggest port in Kenya's coastal city Mombasa went on strike on Wednesday protesting an increase in the amount they will

Megayachts

Huge Yacht Carrier Headed for South Pacific

New policies making it easier for foreign-flagged vessels to explore the coastlines of Australia have lead DYT Yacht Transport (DYT) to schedule its largest semi-submersible yacht carrier,

Bergen Shetland Race Yachts at Lerwick

The yacht Serenity, skippered by Fridtjov Bergmann, proudly flies the Bergen Shetland Blue Ribbon as first to finish this year’s race across the North Sea from Norway.

 
 
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