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Chiles Offshore Announces 2Q Results
For the quarter ended June 30, 2001, Chiles Offshore Inc. reported net income of $5.0 million or $0.28 per basic share compared to net income of $3.3 million, or $0.42 per basic share…
FGH Rejects Petrodrill Contract
Friede Goldman Halter, Inc., (FGH) announced that the bankruptcy court has officially rejected the Petrodrill contracts. On June 12, FGH filed a motion with the…
Diamond Offshore Awards $34M In Rig Contract
Keppel FELS Energy & Infrastructure won contracts worth a total of $34 million from subsidiaries of Diamond Offshore Drilling Inc. The contracts awarded to units Keppel FELS Ltd. and Amfels Inc.
Crowley, Triunfo To Establish Joint Venture
Crowley Marine Services and Triunfo Operadora Portuaria Ltd., intend to form a joint venture to operate a deepwater logistics base in the State of Rio de Janeiro, Brazil.
GLM, Santa Fe International Announce $6 Billion Merger
The course of corporate consolidation within the already tight offshore business took a dramatic turn over the holiday weekend, as Global Marine Inc. and Santa Fe…
Houghton Offshore Awarded Five-Year Contract
Houghton Offshore has entered into a five-year contract with Transocean Sedco Forex for the supply of the following fluids for Transocean Sedco Forex's global fleet…
Merrill Lynch Slashes Rates On Trio of Oil Giants
Merrill Lynch on Thursday said it cut its rating on oil drilling companies Rowan Cos Inc., ENSCO International Inc. and Global Marine Inc., citing slack demand in the Gulf of Mexico drilling market.
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.
U.S. Delays Decision On Oil Drilling In California Waters
The U.S. Interior Department's Minerals Management Service (MMS) announced it will delay its decision on whether oil companies can drill for oil and natural gas off California's coast…
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…
Expanded and Upgraded
Newpark Shipbuilding has increased its portfolio of businesses from one to six in the past 18 months, but don't expect this Houston-Galveston region company to rest on its laurels.
Diamond Offshore 2Q Earnings Fall
Diamond Offshore Drilling Inc., the world's largest offshore oil driller by market capitalization, reported its second quarter earnings fell more than 50 percent.
Aluminum Extrusions Available in U.S.
By joining forces with one of the world's leading producers of Friction Stir Welded products -- Marine Aluminum of Haugesund, Norway - Williamsburg Fabricators is…
FirstWave/Newpark Lands Diamond Offshore Job
FirstWave/Newpark Shipbuilding has been awarded a contract by Diamond Offshore Drilling of Houston, Texas for completion of upgrades to the drillship Ocean Clipper…
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…
OSL Forms Ballast Systems Alliance
OSL Offshore Systems & Deck Machinery has formed a business alliance to manufacture and supply turnkey ballast systems for offshore drilling and production rigs.
Worldwide/U.S. Gulf Rig Counts Rise
The U.S. Gulf of Mexico and worldwide offshore rig counts increased since last week, while the European offshore rig count was unchanged, according to Offshore Data…
Aker Marine Sets New Mooring Water Depth Record
Aker Marine Contractors, Inc. (AMC), working under contract to Vastar Resources, Inc., recently set a new world water depth record for conventionally-moored drilling…
OSL Forms Ballast Systems Alliance
OSL Offshore Systems & Deck Machinery has formed a business alliance to manufacture and supply turnkey ballast systems for offshore drilling and production rigs.