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Well Control Equipment Failure Events Decreased in 2019

Well control equipment (WCE) failure events during well operations in the Gulf of Mexico Outer Continental Shelf decreased by 16.9 percent in 2019, according to Well Control Equipment Systems Safety – 2019 Annual Report  released today by the U.S. Department of Transportation’s Bureau of...

U.S. Airlines Narrow Net Loss in 1st Quarter 2021 from 4th Quarter 2020

U.S. scheduled passenger airlines reported a first-quarter 2021 after-tax net loss of $4.2 billion and a pre-tax operating loss of $12.7 billion. While these first-quarter losses are the fifth consecutive quarterly losses, the extent of the losses is narrowing. The airlines reduced their losses...