Seacraft Shipyard Delivers Luxury Dive Yacht
Seacraft Shipyard Corp. of Amelia, La. delivered M/V Cayman Aggressor IV to Aggressor Fleet Ltd. The 110 ft. aluminum luxury dive yacht was designed by Seacraft…
Regional Examination Centers on Borrowed Time
The USCG currently admits its Regional Examination Centers (RECs) are broken and don't provide the service needed to the maritime public. The USCG believes drastic…
Let the Buyer Beware
A touted new procedure for welding cost Brad Phillips his new vessel, when the process proved faulty and incomplete. Boat buyers in the current depressed market…
Parker Reports Loss For Quarter
Parker Drilling Company reported unaudited revenue of $105 million and a net loss of $7.7 million or a $.10 loss per diluted share for the three months ended November 30, 1998.
Texaco Reports 1998 Results
Low crude oil and natural gas prices from weak demand and oversupply, along with foreign currency losses in Asian downstream operations caused earnings to drop sharply…
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.
Schlumberger Announces 4Q and 1998 Results
Schlumberger Limited reported operating revenue for 1998 of $11.82 billion, an increase of two percent over 1997. Before the third quarter charge, net income was $1.39 billion…
Chevron Reports 1998 Net Income of $1.98 Billion
Chevron Corporation reported 1998 preliminary net income of $1.98 billion, down 39 percent from 1997 net income of $3.3 billion. Net income for 1998 and 1997 included…
MMS Begins Planning Process to Conduct Eastern Gulf Lease Sale 181
The U.S. Department of the Interior's Minerals Management Service (MMS) is beginning a three-year planning process for conducting a Federal natural gas and oil lease…
Mobil Announces 1999 Investment Program of $4.8 Billion
Mobil Corporation said it expects 1999 capital and exploration expenditures, including cash investments in equity companies, to be $4.8 billion, down about 11 percent…
NSG Awarded Off-Shore Drilling Disposal Contract
CNH Holdings Company Inc. announced its wholly owned subsidiary NORM Service Group, Inc. has been awarded the contract through MI Drilling Fluids,a subsidiary of Smith International…
Mallard Drilling Announces Alliance with Texaco
Parker Drilling Company's Mallard Drilling subsidiary annouced it has entered into an alliance agreement for all of Texaco's domestic inland water drilling and workover requirements.
Conoco Strengthens its Gulf of Mexico Deepwater
Conoco announced an agreement with Exxon Corporation to exchange interest in 59 deepwater blocks in the Gulf of Mexico. Conoco acquired a 50-percent interest in 29 of Exxon's blocks…
FPSOs in the Gulf of Mexico?
Executives from many of the country's leading shipyards and supply organizations gathered in Washington, D.C. in January to discuss challenges facing the repair and conversion industry.
FPSOs in the Gulf of Mexico?
Executives from many of the country's leading shipyards and supply organizations gathered in Washington, D.C. in January to discuss challenges facing the repair and conversion industry.
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
EPA is proposing an emission control program for new compression-ignition marine engines rated at or above 37 kW. The affected engines are used for propulsion and…
Congress Jumps on Rail Jumper Act
President Clinton signed the USCG Authorization Act (H.R. 2204) of 1998 last month, which includes the Rail Jumper Safety Amendment. This law makes it illegal for…
Settlement to Clear Way for Restoration Projects in Tampa Bay
The state of Florida, the federal government and several corporations have agreed to a more than $8 million settlement to fund restoration projects for natural resources…
