World Energy Flows Freely After 2000 Changeover

Monday, January 03, 2000
From Australia to Alaska, world energy producers carried on as usual on Jan. 1, with strategic oil and gas flows uninterrupted by the much-feared Y2K bug. Oil-consuming nations breathed a sigh of relief after potential trouble spots Iraq and Russia and key OPEC powers in the Gulf, Africa and Latin America passed an uneventful night. The IEA and the U.S. Department of Energy said there was no need to release emergency stockpiles of oil they had readied in case computer bugs caused a shortfall of energy supplies. The nearest the computer-dependent international energy system came to a hint of a problem was an adjustment made by Turkey on the monitoring system on an Iraqi oil pipeline. Turkey said it had set the date on the computerized system to 1995 from 1999 to avoid potential millennium bug problems.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1117 sec (9 req/sec)