Drilling Moratorium Trims Bristow’s Revenue in Gulf

Friday, June 11, 2010

According to a June 10 report from the Associated Press, Bristow Group, which provides helicopter service to the offshore oil industry, said revenue from deep water drilling operations in the Gulf of Mexico may slide as much as 85% by the end of June because of the six-month moratorium on deep water drilling in the Gulf. The company, which has large international operations, said that revenue from the Gulf generates about six percent of its operating income. Part of the loss of revenue is being offset by new work from oil company BP PLC, which is trying to contain a massive oil spill that prompted the moratorium.

(Source: Associated Press)

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Livorsi Launches New Throttle Lineup

Livorsi Marine introduced the all new Platinum Series throttles, which they say are designed to be more ergonomically comfortable to the operator while being lighter

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

Austal Launches Trenton (JHSV 5)

Second Joint High Speed Vessel to be launched at Austal in 2014 On September 30, 2014, Austal USA successfully completed the launch process of Trenton (JHSV

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0837 sec (12 req/sec)