Maritime news from the seven seas
It’s probably no surprise that deepwater drilling expenditures are expected to be less than anticipated during the period 2016-2020, due to falling oil prices, according to Douglas-Westwood energy consultants. While current projects will likely continue, investment in new drilling initiatives is expected to drop by 35 percent over the next four years, in comparison with DW’s previous forecast issued in March of last year.
Deadly Disasters and Other Incidents
Near Galveston, Texas, three fishermen working aboard the shrimp boat Jana Lynn had to be rescued by the US Coast Guard after the...