Oil Industry Starts to Halt Gulf Drilling

Thursday, June 03, 2010

According to a report from The Wall Street Journal, oil and gas companies began halting exploratory drilling in the deepwater of the U.S. Gulf of Mexico following a federal government order. Exxon Mobil Corp. (XOM) and Marathon Oil Corp. (MRO) said they have stopped drilling two wells in the Gulf. Chevron Corp. (CVX), the second-largest publicly traded oil company after Exxon, warned that an offshore drilling moratorium extension will have a lasting negative impact in the U.S. economy.

(Source: The Wall Street Journal)

Maritime Today

The Maritime Industry's original and most viewed E-News Service

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


Sandra Weakens to Tropical Storm off Mexico's Coast

Hurricane Sandra weakened to a tropical storm on Friday and was expected to continue losing strength as it approached Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said.

Extended Warranty from Yanmar for Sailboat Engines

Yanmar Marine International B.V. has introduced an extended 3 years’ period of YANMAR Limited Warranty for Sailboat Engine Models. This extended warranty of

Fugro's Havila Harmony to join MH370 Search

Fugro is providing an additional vessel, the Havila Harmony, to join the search for the missing flight MH370 in the southern Indian Ocean. From the 93-metre multi-role vessel,

Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.0534 sec (19 req/sec)