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M-I SWACO Acquires SPS
M-I SWACO acquired Specialised Petroleum Services Group Limited (SPS) of Aberdeen, Scotland in exchange for cash consideration of approximately $165m. The acquired…
2Q Results for GlobalSantaFe
GlobalSantaFe Corporation reported net income for the quarter ended June 30, 2006, of $248.5m, or $1.01 per diluted share, on revenues of $773.4m. The results compare with net income of $85.1m…
GoM Drilling Bill Clears Senate
An attempt to open a new section of the Gulf of Mexico to drilling cleared a major hurdle in the Senate, the Jackson Clarion Ledger reported. The 72-23 vote to end…
Senate Approval Expected for Offshore Drilling Bill
The U.S. Senate has cleared the way for legislation that would open more than eight million protected acres in the Gulf of Mexico to oil and gas drilling. Senators voted 72-23 to limit debate…
Shettig Promoted to VP at Crowley
Crowley Maritime Corporation announced that Jim Shettig has been promoted to vice president of the company's East Coast and Gulf contract services business. He will…
Harland Promoted to VP at Crowley
Crowley Maritime Corporation announced that Bruce Harland has been promoted to vice president of the company's West Coast, Alaska and international contract services.
Cuba Drills off Florida Coast
The Washington Times recently reported that Cuba is drilling for oil 60 miles off the coast of Florida with help from China, Canada and Spain even as Congress struggles…
GlobalSantaFe June SCORE Up 1.8 Percent
GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for June 2006 was up 1.8 percent from the previous month's SCORE.
Senate Reaches Deal on Offshore Drilling
Senators who want to open new areas of the Gulf of Mexico to oil and gas production heralded came to a compromise. The agreement was supported by a key Florida senator…
Coast Guard and Maritime Transportation Act of 2006
President Bush has signed into law the Coast Guard and Maritime Transportation Act of 2006 (H.R. 889). (7) Application of the oil spill response plan requirement to nontank vessels has been clarified.
OMSA Applauds Coast Guard Authorization Act
The Offshore Marine Service Association (OMSA) applauds Congress for its passage of the Coast Guard and Maritime Transportation Act of 2006 (HR 889), which contains…
More Oil Rigs Leaving GoM
According to The Post Gazette, jack-up and deep-water rigs are leaving the Gulf of Mexico for more lucrative jobs elsewhere. This is expected to accelerate production declines in the Gulf…
IE Profits from Offshore Focus
As Intelligent Engineering (IE) prepares to carry out another drilling rig repair using its SPS Overlay technology in the reinstatement of the pipe-rack deck on board the Pride South Atlantic…
Government, Oil Majors Discuss Royalties
While some companies, such as Exxon Mobil, reportedly believe the lease contracts should be honored, others, including Shell, reportedly are open to a dialogue on the matter.
Transocean Awarded Contracts for Drillship and Semisubmersible Rig
Transocean Awarded Contracts for Drillship and Semisubmersible Rig Transocean Inc. announced that Hydro has awarded the company a drilling contract for the construction…
GlobalSantaFe SCORE Climbs
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for…
Keppel FELS: Bright Future for Offshore Drilling Rigs
The Washington Times has reported that the boom in Singapore's offshore oil and gas rig industry is expected to last another decade. Keppel FELS, says energy companies…
B.C. Seeks End to Offshore Drilling Ban
British Columbia's government is pushing to end a nearly four-decades-old ban on offshore oil and natural gas drilling to encourage exploration, Bloomberg reported.
Conference Report for Maritime Transportation Act Released
The Conference Report for the Coast Guard and Maritime Transportation Act of 2006 (H.R. 889) has been posted on the Internet. As the name implies, this report has…
ABB Wins Contracts Worth $110M
ABB has been awarded contracts worth $110 million to supply electrical power systems for twelve vessels and five offshore drilling rigs. • Total electrical power…