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Parker Drilling Reports $13M Loss
Tulsa-based Parker Drilling Company reported an unaudited loss for the fourth quarter of $13,353,000. This compares with a loss of $11,266,000 for the fourth quarter of 1998.
Partnership Sets Record for Mooring Depth
Delmar Systems, Inc. and Shell Deepwater Development, Inc. set another world record for mooring depth when the two companies partnered to moor Transocean Marianas in more than 7,500 ft.
Unocal Forecast Sees Growth in Oil, Gas Production
Unocal Corporation said it expects the company's worldwide average net crude oil and natural gas production to rise 44 percent to nearly 700,000 boepd by 2004. The…
Global Drilling Expected To Bounce Back In 2000
World drilling activity for oil and gas fell 24 percent in 1999 from 1998, but levels should bounce back in 2000, IHS Energy Group said. "In 2000, I expect levels to reach at least those of 1998…
Global Marine Announces December SCORE
Global Marine's Summary of Current Offshore Rig Economics (SCORE) for December 1999 increased 3.5 percent from a month earlier, with significant improvement of the…
Quarter and Year-End Earnings
Once again, quarter and year-end earnings reported in the offshore market reflected a familiar trend: oil majors saw gains - sometimes significant; while oilfield…
Mr. Bice Salvaged
Drilling jackup Mr. Bice was finally brought to shore by Bisso Marine Co.'s Salvage team. The 4,000 ton jackup capsized and sank 15 miles southwest of Grand Isle, La.
Spirit Energy 76 Sets Production Record at GOM's Vermilion 39 field
Unocal Corporation's Spirit Energy 76 unit said its 100 percent owned Vermilion 39 field recently set a new all-time production record. A redevelopment program that…
Offshore Stocks Flying High As Boom Nears
It appears that the long awaited, much antipated and greatly debated offshore boom part II is prepared to launch again, as offshore drilling stocks surged on Thursday as U.S.
Aker Forms New Division
Aker Maritime has established a new product technology and deepwater R&D group to be headed by Dr. John Halkyard, who is the former technical director of Deep Oil Technology, Inc.
Keppel FELS and PEM SETAL form joint venture to sublease Brazilian yard
Keppel FELS Limited (KFELS), the marine and offshore construction, conversion and repair company of the Keppel Group of Singapore has formed a joint venture with…
Offshore Recovery Stalled For Now
As crude oil prices reach Gulf War highs and recent memories of historic low crude prices fade, capital spending on finding and developing new oil reserves continue to play catch up.
Aker Develops New Division
Aker Maritime aims to provide cost effective solutions for deepwater drilling and production riser systems through its Riser Solutions Group. The group, which is headed by Jeff Mesamer…
Chiles Offshore Enters Into Arrangement
Chiles Offshore LLC has begun a bareboat charter arrangement with Perforadora Central of Mexico City, who is the owner of the Mobile Offshore Drilling Unit, Tonala.
Offshore Rig Report
The U.S. and European offshore rig counts increased since last week, according to Offshore Data Services' weekly mobile offshore rig count. In addition, one new…
Aker Announces Newly Formed Division
Aker Maritime, Inc. has formed a new Product Technology and Deepwater R&D group. This group will be headed by Dr. John Halkyard, formerly technical director of Deep Oil Technology, Inc.
Update on ENSCO 7500 Construction Project
ENSCO International Incorporated announced construction of the ENSCO 7500 semisubmersible rig is progressing satisfactorily at the Friede Goldman Offshore, Orange, Texas shipyard.
Noble Drilling Reaches Agreement
Noble Drilling Corporation has negotiated a resolution to the dispute with Mariner Energy, Inc. regarding the use by Mariner of Noble's newly converted semisubmersible, Noble Homer Ferrington.
Transocean Repowering Project
An innovative rig repowering collaborative between Wartsila NSD and Houston Ship Repair, Inc. was recently completed in the U.S. Gulf, involving the installation…
Transocean Sedco Forex Gets BP Amoco Contract
An operating subsidiary of Transocean Sedco Forex Inc. has entered into a contract with BP Amoco for the semisubmersible Transocean Rather. The agreement covers one well…