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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BMT Reports Strong Performance for 2014

BMT Group Ltd. announced a strong performance for the year to September 30, 2014, a period which saw BMT secure revenues of £165.1 million with underlying operating profits of £10 million,

U.S. Renews Security Pledge to Japan

U.S. Secretary of State John Kerry told Japanese leaders on Monday that Washington's treaty commitments to Japan's security remain "iron-clad" and cover all territories under Tokyo's administration,

Suez Canal Revenues up in March

Egypt's revenue from the Suez Canal was $420.1 million in March, a government website said on Tuesday, up from $382 million in February. The fastest shipping

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators 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: 0.1287 sec (8 req/sec)