TotalFina's Spill Costs Rise
The oil spill off France from a chartered tanker has so far cost TotalFina more than $123 million, according to Chairman Thierry Desmarest. Desmarest announced Jan.
TotalFina Tightens Tanker Regulations After Erika Spill
Oil giant TotalFina, which chartered the ill-fated oil tanker Erika, tightened its policy on chartering older tankers. However, company officials stressed that a new age limit on large ships…
Molasses Tanker With Same Flag, Class As Erika Detained In France
A 27-year-old molasses tanker escorted to Falmouth in the U.K. after safety defects were found was flagged and classed by the same bodies responsible for the Erika…
Group Of 41 Oil Majors To Supply Tanker Status Reports
A group of 41 oil majors will make their tanker inspection reports available to port examiners in Europe. They also aim to ensure higher standards for their shared…
World Piracy Jumps 40% In 1999
Pirate attacks worldwide surged 40 percent in 1999 as economic and political troubles in Indonesia spurred a dramatic increase in incidents in Southeast Asia. The…
Owner To Shippers: Shape Up Or Face Draconian Laws
Oil companies and the tanker industry deserve to be hit by Draconian legislation if they do not clean up their act, according to a major shipowner. A series of simple…
Shipping Markets Lag Behind Despite Economic Upswing
Global economic activity proved to be stronger that expected in 1999, according to the monthly report by R.S. Platou Shipbrokers a.s. Most crisis-ridden Asian economies recovered strongly…
Global Drilling Expected To Bounce Back In 2000
World drilling activity for oil and gas fell 24 percent in 1999 from 1998, but levels should bounce back in 2000, IHS Energy Group said. "In 2000, I expect levels to reach at least those of 1998…
Spirit Energy Partners To Acquire Assets of Tana Oil and Gas
Unocal Corporation's Spirit Energy 76 unit announced its Spirit Energy Partners, L.P., affiliate has agreed to acquire substantially all the Gulf of Mexico shelf…
Global Divers Completes Complex Pipeline By-Pass Project
Global Divers & Contractors, Inc., a wholly owned subsidiary of Global Industries, rerouted a 20-in. pipeline through an in-line booster pump station platform this…
Spirit Energy 76 Discovers New Gas Field
Unocal Corporation's Spirit Energy 76 unit said a wildcat exploration well in 240 ft. of water on its 100-percent owned Ship Shoal block 295 offshore Louisiana has…
BP Amoco and Arco Plan Combination
BP Amoco and Atlantic Richfield Co (ARCO) said they intend to take the next formal step towards closing the combination of the two companies. They accordingly propose…
Chevron Announces $5.2 Billion Capital Spending Program
Chevron Corp. has announced a $5.2 billion capital and exploratory spending program for 2000. "Our spending program reflects continued confidence in our company's prospects for growth…
ExxonMobil Announces Completion of $2-Billion Sable Gas Project
Exxon Mobil Corporation announced the completion of the $2-billion Sable Offshore Energy Project off the coast of Nova Scotia, Canada, with the delivery of the first…
Partnership Sets Record for Mooring Depth
Delmar Systems, Inc. and Shell Deepwater Development, Inc. set another world record for mooring depth when the two companies partnered to moor Transocean Marianas in more than 7,500 ft.
USCG Proposes Safety Zone for Gulf Rigs
The USCG is proposing to establish safety zones around seven large oil and gas rigs in the Gulf of Mexico, to protect them from marine traffic transiting the fairways…
Unocal Forecast Sees Growth in Oil, Gas Production
Unocal Corporation said it expects the company's worldwide average net crude oil and natural gas production to rise 44 percent to nearly 700,000 boepd by 2004. The…
Noble Drilling Files Suit
Noble Drilling Corporation, along with its subsidiaries Noble Drilling Services Inc. and Noble Drilling (U.S.) Inc., has filed suit against Samedan Oil Corporation and Mariner Energy, Inc.
Outstanding Passenger Vessels
Measuring 175 ft. in length, dinner cruise vessel Starship was recently delivered to Starship Cruise Lines of Biloxi, Miss. Boasting a mega-yacht style, the vessel…
ACCL Adds New Itineraries for 2000
Known as the original smallship cruise line, American Canadian Caribbean Line (ACCL), has established 25 new itineraries for the year 2000. Included in the new schedule…
