Petrobras To Sign Joint Venture With Shell, Mobil And Exxon
Petrobras will reportedly sign an exploration and production contract with the local units of Shell, Mobil and Exxon.
Global Marine Earnings Hit By Soft Drilling Market
Global Marine Inc. reported that its earnings fell sharply in the second quarter and that it expected second half earnings to be significantly lower than those of the first six months of 1999.
Former J.Ray McDermott Executive Charged
A former executive of shipbuilder J. Ray McDermott was reportedly charged with participating in an international bid-rigging conspiracy, the U.S. Department of Justice said.
Hanjin Heavy Wins $160M In Orders
Hanjin Heavy Industries Co. reportedly won $160 million in contracts from Germany to build four container vessels.
Van Ommeren, Clipper In Dry Freight Venture
Van Ommeren, due to merge with domestic rival Pakhoed, announced its Van Ommeren Shipping venture will combine dry freight operations with those of Clipper Group in a new joint venture.