First construction related to Newfoundland's $5-billion Hibernia offshore oil project is scheduled to begin in the first quarter of 1986, it was announced in New York recently by Hal Barrett, Minister of Development and Tourism for the Canadian Provence.
The continuing push in petroleum exploration fueled another outstanding year for Bethlehem Steel Corporation's Beaumont, Texas, yard, Sherman C. Perry, general manager, has reported. Demand for Bethlehem's jackup drilling rigs continues strong, he said.
A.L. Burbank & Company, Ltd., New York, N.Y., well-known steamship owners, agents, brokers and consultants to the maritime industry, has announced the election of Peter Burbank to the office of chairman of the board and chief executive officer of the company.