petroleum
Santa Fe Names Three To Top Management Posts
Edfred L. Shannon Jr., president of Santa Fe International Corporation, Orange, Calif., for the past 17 years, has been elected chairman of the board of directors and chief executive officer. Assuming the newly created office of president and chief operating officer is Gordon M.
Second Occidental Tug/Barge Unit Christened At Avondale Yard
Christening c e r e m o n i e s were held recently at Avondale Shipyards, Inc. for the integrated tug/ barge unit Oxy Producer (shown at right), a 41,500-dwt liquid chemical and petroleum tanker, which was built for a subsidiary of Occidental Petroleum Corporation.
Dome Acquires Davie Shipbuilding At Total Cost Of $38.6 Million
Dome Petroleum Limited and Davie Shipbuilding Ltd. recently announced that Dome has acquired all the shares of Davie for a total consideration of $38.6 million, consisting largely of shares of Dome and the balance in cash. Davie net income after tax for 1980 was $7 million.
DOT Approves Two Offshore Superports For Large Tankers
Transportation Secretary William T. Coleman has approved the construction of the nation's first two offshore superports. To be built in the Gulf of Mexico, the deepwater ports will be connected to shore storage facilities by buried pipelines. In announcing this decision,
McDermott To Participate In Azeri Field Development
McDermott International, Inc., New Orleans, La., recently confirmed that it has reached an agreement with Amoco Eurasia Petroleum Company to participate in the evaluation and development of the Azeri oil field in the Azerbaijan sector of the Caspian Sea,