Pacific Maritime Magazine - Marine Business for the Operations Sector

Above Board

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...



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