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

Alliance Newfoundland To Perform Design Study For Terra Nova Field
Australian Shows Focus On Technology, Market Expansion
Biollinger Adapts To Address Changing Markets
Breaking New Greund
Elf Floating Production Unit Ready To Leave For Nkossa Field
Floating Production Systems
Global Marine Significantly Extends Its Deepwater Capabilities With Two Newbuilds
Gulf Coast Marine Industry In Buoyant Mood
Hitec To A c q u i r e M a r i n e Consulting G r o u p
Keppel Units In Construction, Acquisition, Oil Deals
Marcon International Sells Vessels For Canadian Marine, Hornbeck
New Cat Engines Offer Fuel Savings, Low Emissions for OSVs
Norwegian cat speeds in African oilfields
NRC Exec Blasts NRDA Guidelines For Baseline Recovery
Oil Morkof Umerlointios J o What Else Is Now?
Oil Prevention Program In Former Soviet Bloc
ONS Offshore Northern Seas
OTC "94
OTC v93
Pool Energy Makes Several Offshore Investments
Racal Acquires Techno Transfer Industries
Renk To Focus On Products For Fast Speed Ferries
Seabulk Offshore Ltd. Modernizes Offshore Supply Vessel Fleet
Seacor Concludes Agreement To Purchase Graham's Marine Assets
Tanker Markets Endure Political, Economical, Cyclical Turmoil
Teekay Shipping: Staying One Step Ahead
The Irish Sea Pioneer: A New Generation Of Giant Liftboat
Ulstein Supplies Revised Thrusters, K-Series Engines
VIET PORTEX '96 Provides U.S. Companies With Access To Vietnam
Weathering The Storm. National Weather Service Modernization to provide the maritime industry with improved weather prediction
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright