U.S. producer Occidental Petroleum Corp., Houston, announced an oil discovery at the Bandit prospect in the U.S. Gulf, about 125 miles south of Louisiana.
President Donald Trump’s fiscal year 2027 budget proposal includes $105 million for the U.S. Maritime Administration’s Small Shipyard Grant Program, matching the record funding request level proposed for fiscal year 2026.
President Trump’s proposed FY 2027 budget that dropped on April 3 sends two strong messages to the maritime industry. It also opens the door for Congress to have a meaningful say in new starts and smaller navigation dredging projects.
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