Mexico Probes Pemex Offshore Mega-project
Mexican authorities are reportedly investigating alleged inefficiency and financial irregularities in building a multibillion-dollar offshore project by oil and gas monopoly Petroleos Mexicanos.
Shell, Elf Move On Nigerian Alternative Oil Funding
Royal Dutch/Shell Group and Elf Aquitaine are reportedly moving to develop oil fields in Nigeria using radical new funding schemes the elected government has put under review.
Daewoo Heavy Wins $140M Greek Order
Daewoo Heavy Industries Co. Ltd. reportedly won a $140 million order from Greece's Kristen Navigation Inc. to build two very large crude oil carriers.
Royal Caribbean To Plead Guilty To Pollution
Royal Caribbean Cruises Ltd., the world's second-largest passenger cruise line, has reportedly agreed to plead guilty and pay a record $18 million fine for dumping…