Maritime Industry Top News
Texaco Replaces 166 Percent of Production
Texaco replaced 166 percent of its 1998 worldwide combined oil and gas production, excluding purchases and sales. Texaco's proved oil and gas reserves increased…
Unocal Replaces 101 Percent of Production
Unocal Corporation replaced 101 percent of its worldwide crude oil and natural gas production (excluding sales and price-related revisions) during 1998 with new…
Seacor Smit Announces 4Q Results
Seacor Smit Inc. announced net earnings for the fourth quarter ended December 31, 1998 of $29,246,000 on revenues of $92,791,000. For the 12 months ended December 31…
ARCO Reports 1998 4Q, Full Year Results
ARCO reported a 1998 fourth quarter net loss of $794 million after a net charge of $864 million. The net charge reflects asset writedowns, restructuring costs and a tax refund.
Unocal Reports 4Q Results
Unocal Corporation said continued depressed crude oil and natural gas prices, coupled with asset writedowns and restructuring costs, were major factors in the company's…
Mobil Announces 4Q Operating Earnings of $499 Million
Mobil Corporation reported fourth quarter 1998 estimated operating earnings of $499 million. This is a decrease of $310 million, or 38 percent, from the $809 million…
New Generation Drillship Goes to Work
Conoco and R&B Falcon Corp. announced Deepwater Pathfinder - a first-of-its-kind, ultra-deepwater drillship - began a five-year work program in the Gulf of Mexico.
Schlumberger Drills and Completes First Coiled Tubing Horizontal Well
Schlumberger Oilfield Services successfully drilled and completed the first horizontal well in the Gulf of Mexico with CoilDRILL coiled drilling technology. Working…
Chevron, Exxon and Petrofina Celebrate Genesis' First Oil
Flow of first oil was announced by partners in the Genesis Project, a deepwater oil and natural gas drilling and production facility in 2,600 ft. of water in the Gulf of Mexico…
CDI Builds New MSV
Cal Dive International, Inc. is building a new DSV to replace Cal Diver IV which has been sold. The new vessel, which will retain the name Cal Diver IV, is under construction at R&S Fabrication, Inc.
Friede Goldman Signs $143 Million Contract to Build Millennium SA
Friede Goldman International Inc. (FGI) has signed a $143.2 million contract with Rudgil SA, a subsidiary of Schahin Engenharia e Comercio Ltda. The Millennium SA (South America) is the latest in new…
Feds Propose Rules for Lobstering in Federal Waters; Expand on Interstate Plan Measures
NOAA Fisheries is proposing rules for lobstering in federal waters from Maine to North Carolina. The rules are intended to complement lobster management measures…
Congress Updated on Status of Marine Fisheries
In its second report to Congress on the status of marine fish stocks, the National Marine Fisheries Service said 100 species reviewed are overfished or approaching an overfished condition…
Proposed & Interim Rules
MarAd is soliciting public comment concerning whether MarAd should amend its cargo preference regulations governing the carriage of agricultural exports. Comments…
Pacific Region Distributes Near-Miss Report Information
The USCG-AWO Pacific Region Quality Steering Committee (QSC) has distributed the first near-miss incident report of its quality action team on industry incident reporting.
MMS Requests $240.2 Million for Budget
The U.S. "This year's request is about $16.2 million above the 1999 enacted level," said Cynthia Quarterman, director. "A significant investment is proposed in the…
USCG Proposes Rule to Enhance Operations During Dredging
The USCG has published a notice of proposed rulemaking for a regulated navigation area (RNA) on the Kill van Kull, Newark Bay and Elizabeth and Port Newark channels.
President Proposes FY 2000 Budgets with More User Fees
President Clinton's FY 2000 budget proposes new user fees to offset programs administered by the USACE, the USCG and NOAA. The $3.9 billion budget request for the…
Consolidated Grain and Barge Under Investigation
At least 15 vessels that are "impermissibly controlled" by Consolidated Grain and Barge Co. (CGB) could lose their right to trade in U.S. waters within a month, said the USCG.
Virginia Passes Bill to Ban Solid Waste Barges
The 1999 session of the Commonwealth of Virginia's General Assembly passed legislation prohibiting the transportation of solid waste on the Commonwealth's navigable waterways. State Senator William T.
