Noble Drilling Reaches Agreement
Noble Drilling Corporation has negotiated a resolution to the dispute with Mariner Energy, Inc. regarding the use by Mariner of Noble's newly converted semisubmersible, Noble Homer Ferrington.
Update on ENSCO 7500 Construction Project
ENSCO International Incorporated announced construction of the ENSCO 7500 semisubmersible rig is progressing satisfactorily at the Friede Goldman Offshore, Orange, Texas shipyard.
Conoco Announces Reserves Replacement Figures for 1999
Conoco and its equity affiliates added 164 million barrels of oil equivalent (BOE) to the company's worldwide proved reserves in 1999, replacing 71 percent of the…
ARCO Replaces Production, Plans Capital Program for 2000
ARCO announced it replaced 129 percent of its consolidated worldwide oil and gas production in 1999, increasing its proved reserve base to 4.6 billion barrels of…
Q&A on Offshore Safety
MarineNews: How long has your current safety training program been in place? Tom Knode: Halliburton Energy Services and its predecessor companies have conducted…
Q&A on Offshore Safety
MarineNews: How long has your current safety training program been in place? Bruce Adams: The current Schlumberger New Employee Safety Training program (NEST), was developed in 1991.
Barge Numbering System Proposal Status
Outside of the requirements outlined in OPA 90, there typically aren't many regulations affecting the barge industry. One still-pending piece of legislation is the…
Minoan Lines To Propose Three-For-One Issue
Greek passenger shipping firm Minoan Lines' board will propose a one-for-three bonus share issue to shareholders at its upcoming annual general assembly. The bonus…
Kvaerner Sells Russian Shipyard Stake
Kvaerner has agreed to sell its 75.6 percent stake in Russian shipyard Kvaerner Vyborg Shipyard JSC, to Russia's Zao Ako Barss for an undisclosed price. Kvaerner officials said that the sale…
China Finances $370M Shipbuilding Deal With Iran
The Export-Import Bank of China has agreed to lend $370 million to two state-owned conglomerates contracted to build five oil ships for Iran. The deal marks the largest loan yet by the Eximbank…
Carnival Ratings Cut
Deutsche Bank Alex Brown, Salomon Smith Barney and Credit Suisse First Boston have all cut their ratings for top cruise group Carnival Corp. Deutsche Bank Alex Brown…
Shipping Not Affected By Louisiana Tanker Collision
Shipping operations at the Southwest Pass, off Louisiana, were not affected by a minor crude oil spill after two crude oil tankers collided on March 15, Coast Guard officials said.
EU, South Korea Fail To Solve Shipbuilding Row
Two-and-a-half days of talks between the European Union and South Korea failed to allay European concerns that South Korean shipyards are charging unfairly low prices, according to an EU official.
Carnival Q1 Profits Up, But Second Quarter Looks Weak
Carnival Corp. reported that profits rose nearly nine percent in the first quarter, matching Wall Street estimates, but said the outlook for the second quarter was weak.
Star, Carnival End NCL Joint Venture
Malaysia's Star Cruises Plc and Carnival Corp. have terminated a joint venture agreement to buy Norwegian cruise group NCL Holding ASA, paving the way for Star to have full ownership.
Offshore Rig Report
The U.S. and European offshore rig counts increased since last week, according to Offshore Data Services' weekly mobile offshore rig count. In addition, one new…
Dry Bulk Trends
The dry cargo freight market saw a 15 point decline in the Baltic Panamax Index to 1,595, which was largely caused by a change of sentiment in the Atlantic, brokers said. March tonnage in the U.S.
Tanker Trends
Freight rates for crude tankers loading early April in the Middle East were climbing early last week as shipowners held out for higher prices in expectation of heavy vessel fixing, brokers said.
New Online Maritime Mareketplace Set For Launch
Equilinx, a business-to-business e-commerce hub for the marine industry, will launch the world's first international online marketplace for ship repair and replacement parts…
South Korea To Resume Shipbuilding Talks With EU
South Korea's Commerce Ministry plans to resume talks in Brussels this week with the European Union to settle ongoing conflicts in the shipbuilding industry, ministry officials said.
