Go to the Head of the Class
The United States Merchant Marine Academy (USMMA), located in Kings Point, N.Y., strives to produce graduates who have the expertise, as well as the understanding of not only how a ship works…
Playing by the (new) Rules
The increased focused on emission of all types is hardly news to shipowners and marine propulsion suppliers. For decades, entities from individual groups to international…
Teekay Shipping: Staying One Step Ahead
Events of the past two years -- headlined by the Asian financial crisis, supported by falling oil demand and punctuated by OPEC's production cutbacks to buoy per…
Algoma Central Chief Challenges Marine Industry
During the annual Marine Club Dinner, Peter Cresswell, president and CEO of Algoma Central Corp., told 1,200 shipping and marine industry executives the future of the Great Lakes-St.
Investment in Design -- A happy coupling
Largely complementary operations, a strong base in terms of volume and technologies, plus considerable synergy potential, provided a solid platform for the coupling…
NOAA Adds Vector Charts in Agreement with Maptech
The National Oceanic and Atmospheric Administration (NOAA) and Maptech, Inc. have successfully negotiated an expansion of their existing Cooperative Research and…
More Power, Less Fuel for Factory Trawler
When trawler Cape Horn left Bellingham Bay Shipyard in Washington for the January 20, 1999 trawl opening in the Bering Sea fishing grounds, she carried nearly 400…
Oil Spill Cleanup Secondary to Fiscal Matters?
In November 1997, Japanese refrigerator ship Kuroshima went aground at Summer Bay near Alaska's Dutch Harbor in heavy weather. A local USCG team was able to rescue…
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 Replaces 166 Percent of Production
Texaco replaced 166 percent of its 1998 worldwide combined oil and gas production, excluding purchases and sales. Texaco's proved oil and gas reserves increased…
Unocal Replaces 101 Percent of Production
Unocal Corporation replaced 101 percent of its worldwide crude oil and natural gas production (excluding sales and price-related revisions) during 1998 with new…
Seacor Smit Announces 4Q Results
Seacor Smit Inc. announced net earnings for the fourth quarter ended December 31, 1998 of $29,246,000 on revenues of $92,791,000. For the 12 months ended December 31…
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.
Unocal Reports 4Q Results
Unocal Corporation said continued depressed crude oil and natural gas prices, coupled with asset writedowns and restructuring costs, were major factors in the company's…
Mobil Announces 4Q Operating Earnings of $499 Million
Mobil Corporation reported fourth quarter 1998 estimated operating earnings of $499 million. This is a decrease of $310 million, or 38 percent, from the $809 million…
New Generation Drillship Goes to Work
Conoco and R&B Falcon Corp. announced Deepwater Pathfinder - a first-of-its-kind, ultra-deepwater drillship - began a five-year work program in the Gulf of Mexico.
Schlumberger Drills and Completes First Coiled Tubing Horizontal Well
Schlumberger Oilfield Services successfully drilled and completed the first horizontal well in the Gulf of Mexico with CoilDRILL coiled drilling technology. Working…
Chevron, Exxon and Petrofina Celebrate Genesis' First Oil
Flow of first oil was announced by partners in the Genesis Project, a deepwater oil and natural gas drilling and production facility in 2,600 ft. of water in the Gulf of Mexico…
CDI Builds New MSV
Cal Dive International, Inc. is building a new DSV to replace Cal Diver IV which has been sold. The new vessel, which will retain the name Cal Diver IV, is under construction at R&S Fabrication, Inc.
Friede Goldman Signs $143 Million Contract to Build Millennium SA
Friede Goldman International Inc. (FGI) has signed a $143.2 million contract with Rudgil SA, a subsidiary of Schahin Engenharia e Comercio Ltda. The Millennium SA (South America) is the latest in new…
