Carter Honors Those Who Worked On, Defended Canal
In a prelude to the official transfer of control over the Panama Canal from the United States to Panama at noon on Dec. 31, former President Jimmy Carter honored 5…
Moody's Ups Transocean Offshore
Moody's Investors Service upgraded the senior unsecured debt ratings of Transocean Offshore, Inc. to A3 from Baa1 to reflect the significant benefits that the company…
Exxon Mobil Makes Major Find Off Nigeria
Exxon Mobil Corp. made a major oil and gas discovery in the deepwater off the coast of Nigeria. Located about 100 miles southeast of Lagos, the discovery well, Erha-1…
Officials Fear Environmental Repercussion From Sunken Tanker
A giant oil slick from the sunken tanker Erika drifted and widened off the northwestern French coast on Dec. 14, and officials worry that changing winds could push it towards land.