India to Hijackers: Get Out
India has asked an Italian merchant ship and 14 stowaways who hijacked it last week to leave the country as soon as possible, a Coast Guard official said. The ship…
Tanker Blaze Claims Life
Greek firefighters brought a blaze aboard a small Greek tanker under control and found the body of a missing crew member. The fire broke after an explosion ripped…
Enron Close To Deal For Venezuelan LNG Plant
Venezuelan state oil company Petroleos de Venezuela (PDVSA) is reportedly preparing to sign an agreement with Enron to build the country's first liquefied natural gas (LNG) export plant.
Is The Tanker Top Near?
Oil tanker markets are again knocking at price barriers with year-highs expected to tumble as demand exceeds supply of modern ships, brokers were reporting. Shortages…
Seacor Smit Drilling Unit Chiles Offshore Files IPO
Chiles Offshore LLC, the 55-percent owned unit of offshore oil exploration company Seacor Smit Inc., has filed for an initial public offering of 8 million common shares in a range of $17-$19 each.