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Chevrontexaco Corporation News

20 Jun 2002

Global to Install Platforms and Pipelines for ChevronTexaco

Global Industries, Ltd. announced its subsidiary Global Industries Limited Mauritius has executed a contract to undertake platform and pipeline installation work in the Gulf of Thailand for Chevron Offshore (Thailand) Ltd., a subsidiary of ChevronTexaco Corporation. This work forms part of ChevronTexaco’s Minimum Facilities Project (MFP) to expand oil and gas production in Thailand. Global will be responsible for installing five wellhead platforms and four pipelines as well as performing associated tie-in, free span correction, and testing activities. The offshore work will be performed in two phases to accommodate ChevronTexaco’s construction schedule and optimize Global’s barge utilization.

16 Dec 2002

Stelmar Shipping Announces Time Charters

Stelmar Shipping Ltd. has renewed an existing time charter for the Primar and an existing time charter for the Petromar. The company also announced that it has signed a new time charter for the Allenmar, which had been trading in the spot market since the end of October, after being redelivered in late October from its previous time charter. Primar, a 1988 double sided product tanker, has been renewed on a six-month time charter with Adam Maritime Corporation at a rate of $11,250 per day. The Allenmar, a 1989 double sided product tanker, has been signed to a one-year time charter with NYK at a rate of $12,500 per day. The Petromar, a 2001 double hull product tanker…