The cyclical nature of the oil business has blossomed into full bloom during the latter part of 2000, as a host of political power plays have sent oil prices on a virtual rollercoaster, albeit mostly up, helping to send it soaring as high as $37/barrel at the time of this writing.
Liffey Marine, Inc., a unit of the Stolt Group, located in Southeast Asia, has recently placed into service a 190-foot self-propelled multipurpose seagoing barge, the M/S Kildare. The unusual design of the vessel permits extremely economical transportation of a wide variety of cargo.
On December 28, 1973, National Steel and Shipbuilding Company (NASSCO) of San Diego, Calif., delivered the S/S Coronado, a 38,300-dwt tanker to Margate Shipping Company of Philadelphia, Pa. The S/S Coronado, the first of three NASSCO- designed
Several key executive appointments have been made by Crowley Maritime Corporation's Caribbean Division in order to further strengthen its organization, according to a recent announcement by Robert G. Homan, senior vice president and general manager of the division.
Ecomarine USA and OMI Petrolink Corp. have formed a joint venture, Ecomarine Gulf, to provide advanced technology and services for marine pollution control, oil spill response, and marine monitoring and mapping in the states bordering the Gulf of Mexico.
O & U Drilling, Inc. of Beaumont, Texas, and Bethlehem Steel Corporation's Beaumont shipyard recently commissioned an offshore jackup drilling rig and announced the ordering of two other rigs. One of the new rigs will be built at the Beaumont yard, and the second at the Singapore shipyard.
Amtorg Trading Corporation, which represents Soviet foreign trade organizations in the United States, will open a new office at the World Trade Center, New York, N.Y., this summer, it was announced by Viktor I. Bessmertniy, president and chairman of Amtorg, and Commissioner Andrew C.
Clifton C. Garvin Jr., retired board chairman and chief executive officer of Exxon Corporation, will receive the highest award of the American Petroleum Institute, the Gold Medal for Distinguished Achievement, at the API annual meeting in Houston, Texas, November 17-19.
Negotiations between the People's Republic of China and the National Supply Company, division of Armco Steel Corporation, Houston, Texas, have been completed for the sale of two offshore oil production platforms valued at more than $15 million, it was announced by Ted Rogers,