World Oil Prices Hit Record Highs

Tuesday, September 07, 1999
World oil prices floated to their highest level in 23 months today after remarks by major OPEC producers gave the market new assurances that output cuts would not be revoked before March 2000 at the earliest. London crude oil futures stormed to their highest level for two and a half years as the threat of an oilworkers' strike in key producer Venezuela deepened fears of a potential supply crunch. Benchmark Brent crude broke through a previous high of $21.75 and achieved a new peak of $21.88 a barrel, more than 50 cents up on the day and its highest level since February 1997.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

6 MW Offshore Wind Turbine of Siemens Certified

Siemens Energy has obtained type certification of DNV GL for the company's innovative D6 offshore wind turbine. The model Siemens SWT-6.0-154 is equipped with a modern direct drive generator,

Turkey Approves EIA Report for South Stream’s Offshore Section

The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) Report and issued a positive opinion of the EIA results

BW Offshore to Fully Own FPSO Petroleo Nautipa

Following to BW Offshore's announcement of 9 July 2014, BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa,

 
 
Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1214 sec (8 req/sec)