U.S. Oil Drilling Rig Count Up 11, Canada Downs One

Friday, May 21, 1999
The number of rigs exploring for oil and natural gas in the United States reportedly rose 11 from last week to stand at 518 as of May 21, and down from 855 a year ago.
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Offshore

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

Crowley Receives Heavy-Lift Deck Barge in Singapore

Crowley Maritime Corporation’s solutions group announced today that it has received the first two of potentially four, new heavy-lift, ballastable deck barges (HDBs)

Signet Transports Second LLOG Rig to GofM

On September 14, five Signet Maritime ASD/Z-Drive tugboats, the SIGNET ENTERPRISE, SIGNET RELIANCE, SIGNET MAGIC, SIGNET WEATHERLY, and SIGNET VOLUNTEER successfully

Finance

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

GasLog Closes First Option Vessels Dropdown

GasLog Ltd.  announced today the closing of the sale of two modern liquefied natural gas (“LNG”) carriers, the Methane Jane Elizabeth and Methane Rita Andrea,

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

CAD/CAM

Ulstein Wins Design, Equipment SRI Contract

Ulstein  has been awarded the design and equipment contract for Van Oord’s new subsea rock installation (SRI) vessel ‘Bravenes’.   Working in close cooperation with Van Oord,

CD-adapco Agree FS Dynamics CFD Software Deal

CD-adapco, the largest privately held CFD focused provider of Computer Aided Engineering software, says it has recently finalized a three-year contract, worth over €1M, with FS Dynamics.

Megayachts

General Dynamics Bags U.S. Navy Nuclear Submarine Contract

The U.S. Navy has awarded a $311 million contract to General Dynamics Electric Boat to provide planning yard work, engineering and technical support for nuclear submarines.

 
 
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