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Astano Delivers Discoverer Spirit
Astano, the Astilleros Españoles offshore construction yard, has sent off Discoverer Spirit to American owner and operator Transocean Offshore. The second of a trio…
No Relief Yet
Oilfield service companies were not nearly as lucky as their oil producing counterparts. While net income in the oil producing industry was up over the 1998 third-quarter…
Oil Price Rebound Means Big Gains for Oil Producers
The third quarter proved to be a prosperous one for oil companies, as most of our sampling realized substantial gains in net income and net operating income for the period…
U.S. Suspends 36 Offshore Licenses, Orders Review
The U.S. Interior Department suspended 36 oil leases in California's offshore waters and ordered a review of the impact the drilling would have on the environment.
Aker and Vryhof Anchors Extend Agreement
Aker Marine Contractors, Inc. (AMC), a subsidiary of Aker Maritime Inc, and Vryhof Anchors BV (Vryhof) have signed a Letter of Intent to extend their cooperation…
Deepwater Mooring Test Completed
Aker Marine Contractors (AMC) of Houston and Marlow Ropes have successfully executed a deep water test to demonstrate and prove the use of new mooring components…
Global Marine to Fund Belfast Shipyard
Global Marine Inc. has agreed to provide working capital for Harland and Wolff Shipbuilding and Heavy Industries Ltd so the Belfast, Northern Ireland, shipyard can…
FirstWave/Newpark Awarded Repair Contract
FirstWave/Newpark Shipbuilding was granted a contract by Pride Offshore of Houma, La. for repair and maintenance of the jack-up drilling rig Pride Colorado. The rig…
California Sues For Say In Fate Of Drilling Leases
California's governor, attorney general and the California Coastal Commission filed a lawsuit against the U.S. Interior Department to allow the state a say in the…
Gulf Of Mexico Rig Count Increases
The U.S. Gulf of Mexico offshore rig count continues to rebound, according to Offshore Data Services' weekly mobile offshore rig count. This week, 149 of the 191…
Transition In History: A Look At The Panama Canal
Dubbed "The Greatest Engineering Wonder of the World," the Panama Canal has experienced a whirlwind run since President Woodrow Wilson flicked a switch of the first…
Offshore Spending Set To Soar
A recent report from Lehman Brothers found that global offshore drilling budgets are set to grow more than 10 percent in the coming year. The survey, which utilized the opinion of 320 oil companies…
U.S. Offshore Rig Count Increases
The U.S. Gulf of Mexico offshore rig count increased for the third consecutive week, according to Offshore Data Services' weekly mobile offshore rig count. Today, the U.S.
Gulf Of Mexico Rig Count Declines
The U.S. Gulf of Mexico rig count declined for the first time in four weeks, according to Offshore Data Services' weekly mobile offshore rig count. This week, 149 of the 191 rigs deployed in the U.S.
Offshore E&P Spending To Rise 15% in N. America
Offshore oilfield service stocks, to put it mildly, have endured a wild ride for much of 1999. The once high-flying sector actually hit the skids in concert with the late 1997 Asian financial crisis…
Offshore Rig Utilization Declines Slightly
Worldwide offshore rig utilization declined slightly since last week, according to Offshore Data Services' weekly mobile offshore rig count. Two less mobile offshore…
DOC Lets Offshore Oil Exploration Ruling Stand
Commerce Secretary William M. Daley has decided to let stand an earlier Commerce Department ruling in support of the state of North Carolina's objections to exploratory drilling off the state's coast.
Great Ship - Discoverer Enterprise
Discoverer Enterprise is known as the world's largest, most technologically advanced drillship designed for the reduction of ultra-deepwater well-construction costs…
Offshore Rig Counts Make Mixed Moves
Offshore rig counts in the world's largest drilling markets made mixed moves this week, bringing the end to a year that was less than kind to the world's offshore rig owners. The U.S.
Transocean Sedco Forex Merger Establishes World's Largest Offshore Driller
Transocean Offshore Inc. has completed its merger with Sedco Forex, which was spun-off from Schlumberger Limited. The resulting company, Transocean Sedco Forex Inc.…