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Oilfield Stocks Take A Hit As Crude Dips Below $30
Profit-taking hit oilfield service and drilling stocks on Monday as U.S. crude oil prices shed over a dollar to dip below $30 a barrel for the first time since February 28.
Offshore Market 2000: In like a lamb, out like a lion?
Though fraught with traditional starts and stops, peaks and valleys, it appears now the much-anticipated Gulf of Mexico offshore business rebound is imminent. Maybe.
Proposed Outer Continental Shelf Rules Published
After many years of work, the USCG published a Notice of Proposed Rulemaking (NPRM) for the Outer Continental Shelf Activities, 33 CFR Subchapter N, in December.
News Briefs
First Wave/Newpark Shipbuilding, in Galveston, Texas, has had a busy spring. First, the company was awarded a contract by Diamond Offshore Drilling to install a…
News
Litton Ingalls Shipbuilding signed a Memorandum of Agreement (MOA) with SeaAmerica Cruise Lines, Inc., based in Hollywood, Fla. Under the MOA, LSS and SeaAmerica…
Kirby 1Q Net Flies High
Kirby Corporation -- which operates 774 inland tank barges, with 14 million barrels of capacity, and 229 towing vessels -- reported net earnings for the 2000 first quarter of $6.1 million.
Crescent Towing To Convert 8 Tugs with Bollinger
Bollinger’s Algiers repair and conversion yard has recently embarked on a major conversion project that will convert eight 105-ft. single screw tugs to 4,000 hp twin screw boats.
GlobalSantaFe Sells Offshore Jackup Rig
GlobalSantaFe Corporation sold the Key Bermuda offshore jackup drilling rig to Nabors Drilling International Limited for about $29 million in an all cash transaction.
Seabulk Reports 4Q Results
Seabulk International, Inc. has reported a net loss of $6.3 million for the quarter ended December 31, 2001. Included in the loss for the quarter is a writedown…
Bassoe Offshore Launches RigBase
RigBase, a web-based resource for the offshore drilling industry, is launched today by Bassoe Offshore Consultants. RigBase is a rig market information system that…
Chiles Offshore Announces 4Q Results
For the quarter ended December 31, 2001, the Chiles Offshore reported net income of $7.6 million compared to net income of $4.4 million reported for the corresponding quarter ended December 31, 2000.
Keppel FELS Gets Contract from GlobablSantafe
Keppel FELS Limited, the offshore unit of Keppel Corporation, has clinched a contract from GlobalSantaFe Corporation to upgrade jack-up, Rig 136. GlobalSantaFe is…
Offshore Sector SCORE Remains Flat
GlobalSantaFe reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for January 2002 was down from the previous month's SCORE by 0.2 percent. previous month.
CABGOC Awarded Contracts
ChevronTexaco Corp. announced that its wholly owned subsidiary Cabinda Gulf Oil Co. Ltd. (CABGOC) has awarded three major contracts for the first phase of the development of the Benguela…
Transocean Acquires ConocoPhillips Interest in Joint Venture
A subsidiary has purchased ConocoPhillips’ 40 percent interest in the Deepwater Frontier joint venture, Deepwater Drilling II L.L.C. The company, which already owns…
Diamond Offshore Granted Contract of Three
Diamond Offshore Drilling Inc. has received three drilling contracts awarded by Mexico's state-owned oil company Petroleos Mexicanos S.A. (PEMEX) for three of its semisubmersible rigs.
GlobalSantaFe Takes Delivery of New Jackup Rig
GlobalSantaFe Corporation has taken delivery of its new, high- performance jackup rig, Constellation I. Equipped with a dual activity pipe handling system and state-of-the-art drilling capabilities…
Canyon Offshore Wins Contract on Deepwater Canyon Express
Canyon Offshore has been awarded a one-year Remotely Operated Vehicle services contract to support maintenance on the Canyon Express development in Mississippi Canyon in the Gulf of Mexico.
GlobalSantaFe Elects New CEO
GlobalSantaFe Corporation announced that its board of directors has elected Jon A. Marshall as president and chief executive officer of the company. In addition, Mr.
Offshore News: Offshore Companies in the News
• Diamond Offshore Drilling Limited, completed the previously announced acquisition of the third-generation semisubmersible drilling rig Omega. The rig, purchased for $65 million…