August 13, 1999 Maritime News Archive

13 Aug 1999

Oil Prices Hit Highest Point In Nearly Two Years

Oil prices rallied to a 22-month peak of $21 a barrel on Friday, buoyed by Nigerian supply disruption, declines in U.S. oil stockpiles and OPEC output restraint.

13 Aug 1999

Aker RGI Records 42% Drop

Norwegian industrial holding group Aker RGI recorded a 42 percent drop in first half operating profits, mainly pressured by weaker results for its offshore supply unit Aker Maritime.

13 Aug 1999

LNG Signs $400 M Deal With Hyundai

A subsidiary of Nigeria liquefied natural gas (LNG) has signed a $400 million deal with South Korea's Hyundai Heavy Industries Co for the construction of two LNG…

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Maritime News - 1999 Aug 13

Oil Prices Hit Highest Point In Nearly Two Years

Aker RGI Records 42% Drop

LNG Signs $400 M Deal With Hyundai

Taking the First Step Toward Autonomy

Send in the Drones (to deep, dark, confined maritime spaces)

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