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Super Barge Touted For Strengths, Depths
Employed in the oil and gas industry for 60 years, simple and sturdy swamp and posted drilling barges have been a preferred method to drill in shallow water. This…
Willbros Purchases Barge for West African Marine Work
Willbros Group Inc. subsidiary, Willbros West Africa Inc., has added to its available offshore fleet with the completion of the purchase and refitting of the WB 82.
Mobil Offers Bunker Facilities In Djibouti
Ship operators trading to the Red Sea now have a secure bunker port offering both heavy fuel and high quality diesel oil. Mobil International Marine Fuels can now…
Petrobras Eyes GOM Market For Expansion
Petrobras plans to invest $5.2 billion in foreign acquisitions, mainly in the Gulf of Mexico, to meet a 2005 foreign output target of 300,000 barrels per day (bpd), Reuters reported.
GOM Softness Drives GLM Score Down
Global Marine reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for August 2001 decreased by 3.2 percent from the previous month's SCORE.
Stolt Offshore Records High Lay Rate in GOM
Crediting the project team, crew dedication and new pipelay technology for the Gulf of Mexico, Stolt Offshore project manager William Dick announced a high lay-rate…
Chevron Names FPSO Vessel
Chevron's Floating Production Storage and Offloading Vessel (FPSO) Kuito was officially named at a ceremony in Singapore recently. Named after the field discovered by Chevron in 1997…
Schlumberger And Transocean Offshore Combine Forces
Schlumberger Limited and Transocean Offshore Inc. have signed a definitive merger agreement under which the offshore contract drilling business of Schlumberger (Sedco…
Seacor Smit Announces 4Q Results
Seacor Smit Inc. announced net earnings for the fourth quarter ended December 31, 1998 of $29,246,000 on revenues of $92,791,000. For the 12 months ended December 31…
Spill Response Boat Delivered to North Africa
JBF Environmental Technology has delivered the first JBF DIP400/420 class Oil Spill Response Boat to the Tunisian Agence Nationale de Protection de l'Environment (ANPE).
Deepwater Drilling Provides Good Long Term Prospects
According to the U.S. Department of the Interior's Minerals Management Service (MMS), deepwater drilling (1,000 ft. and deeper) shows the greatest potential of development…
Seacor Smit Announces 4Q Results
Seacor Smit Inc. announced net earnings for the fourth quarter ended December 31, 1998 of $29,246,000 on revenues of $92,791,000. For the 12 months ended December 31…
IAPH Slated For South Africa in 2003
South Africa's port authority Portnet has been chosen to host the International Association of Ports and Harbors (IAPH) global conference in April 2003. The hosting…
Golden Ocean Halts Legal Action
Golden Ocean Group announced an end to its legal dispute with S.A. Marine Corp. of South Africa following a successful resolution. The announcement follows a capital injection of $41 million into S.A.
R&B Falcon Announces Deepwater IV Contract with Texaco
R&B Falcon Corporation has confirmed a three-year drilling contract with Texaco for its newbuild 10,000-ft. water depth dynamically positioned drillship Deepwater IV…
South Africa's Shipping Industry All Set For Y2K
South Africa's Transport Minister Dullah Omar said the country's aviation and shipping industries will ride out any possible glitches caused by the millennium bug computer problem.
Coflexip Strengthens Deepwater Capabilities With Upgrade
Coflexip Stena Offshore has announced that the board of directors of Coflexip approved the upgrade of the CSO Constructor which will allow the group to offer its…
OT Africa Line to be acquired by the Bollore Group
The Bollore Group has signed a contract with the aim of acquiring OT Africa Line, the British shipping line, and its landside network in Africa. The object of this…
Coflexip Stena Signs Contract With Hyundai Mipo
Coflexip Stena Offshore came to an agreement with Hyundai Mipo Dockyard for the construction of its newbuild ultra deepwater pipelay and construction vessel, scheduled…
VLCC Rates Ease Slightly, But Busier Time Could Be Ahead
Large tanker rates slid back slightly off recent highs this week as Middle East September stems drifted to their conclusion, brokers said. VLCC rates for Japan,…