Marine link
 
Articles - Offshore Oil - History

Global Marine Significantly Extends Its Deepwater Capabilities With Two Newbuilds

Belfast's Harland and Wolff I (H&W) recently won a $300 million order to build an oil and gas I drillship for Houston-based Global [Marine Inc., with Global holding I an option to build a second similar [vessel at the yard. The first drilljship is scheduled for delivery in I the fourth quarter of 1999, and will [be chartered by Global Marine to [Australia's BHP Petroleum for oil I exploration in the Gulf of Mexico. [The second drillship is scheduled [for delivery in the first quarter of 12000, if the option is exercised. [H&W's chief executive said the Icontract represents a break- Ithrough for the yard into a new [sector of the offshore market. It is also the first contract awarded by a U.S. company to the yard since it switched its focus from normal shipbuilding to the specialized offshore oil and gas market, he said.

H&W is now part of offshore group Fred Olsen Energy.

GLM Contracts For Rig Global Marine Inc. (GLM) will build a second, new ultra-deepwater oil rig, which is expected to bring in $208 million over three years. The second Glomar 456 class dynamically-positioned drillship was commissioned by Exxon Exploration Group and brings Global Marine's deep-water fleet to 10 rigs. Until the end of June 1998, Exxon could elect to reduce the contract term to two years, in which case Global Marine would have the right to market the new rig for a one year during the threeyear term. The second new Glomar 456 class drillship is scheduled to be delivered in the first quarter of 2000 and will initially be outfitted to work in up to 8,000 ft. of water.




Offshore Oil History

AmClyde Proves An Ally In The Search For Offshore Oil
Biollinger Adapts To Address Changing Markets
Booming Oil Boosts 0SE
Breaking New Greund
Canadian Maritime
DOE Report: Oil Consumption To Rise 44%
Entomology for the millennium: Options for the bugs
Friede Goldman Continues To Expand Capabilities
Getting Tke Bugs Out
Global Marine Significantly Extends Its Deepwater Capabilities With Two Newbuilds
Hie Outlook for Oil Shipping to 2000
MarAd Seeks Information On Launch Barges
Marcon International Sells Vessels For Canadian Marine, Hornbeck
NKK To Build Icebreaking Patrol Ship For Safety Agency
Norwegian cat speeds in African oilfields
Norwegian yards benefit from Ulstein designs
Oceanroutes Helps Steer Vessels To Safety In Inclement Weather
Oil Morkof Umerlointios J o What Else Is Now?
Oil Price Instability Slows Offshore Euphoria
OTC "94
Pool Energy Makes Several Offshore Investments
Seabulk Offshore Ltd. Modernizes Offshore Supply Vessel Fleet
SEACOR Acquires Graham & Sons For $74 M
Taming The Ether: The Task Of Linking Hibernia To civilization
TO BURN OR NOT TO BURN: That Is The Etologhal Question
TO BURN OR NOT TO BURN: That Is The Etologhal Question
Tsuneishi Wins Contract To Build 125,000-DWT Shuttle Tanker
Ulstein Supplies Revised Thrusters, K-Series Engines
Weathering The Storm. National Weather Service Modernization to provide the maritime industry with improved weather prediction
Workboats Northwest Builds USCG-Certified "Near Shore1' Oil Spill Control Vossol
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright