Monthly Archives: October 2010

New evidence that BP and Halliburton knew of flaws in cement in Macondo well

According to a letter Thursday from Fred Bartlit, Jr., the lead investigator for a federal probe of the Gulf oil disaster, BP and Halliburton knew of potential flaws in the cement slurry used to reinforce the oil well below the Deepwater Horizon rig before it exploded on April 20, 2010. The letter, to the National Commission on the BP Deepwater Horizon Oil Spill and Offshore ... Read More »

Russia’s United Shipbuilding may hold IPO in 2013

Russia’s state-run United Shipbuilding Corporation (USC) may sell 20 to 30 percent of its shares in an initial public offering in 2013, according to USC President Roman Trotsenko. Russia accounts for approximately only 0.4 percent of global civilian shipbuilding and slightly over three percent in military shipbuilding, and USC is currently engaged in exclusively military production. However, USC has announced plans to move towards added ... Read More »

Somali pirate to be sentenced in Maersk Alabama hijacking

A Somali pirate who pleaded guilty to charges that he and three other men hijacked a U.S.-flagged vessel off the coast of Somalia and took hostage its captain. That man, Abduwali Abdukhadir, will be sentenced Today, Tuesday, October 19, 2010. Prosecutors say that Muse acted as the ringleader when he and this three cohorts seized the U.S.-flagged Maersk Alabama by force about 350 miles off ... Read More »