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Hvide Marine Announces Voluntary Chapter 11 Filing
Hvide Marine Incorporated announced a voluntary Chapter 11 filing in the U.S. Bankruptcy Court in Delaware. The filing allows the company to operate its businesses…
Offshore Petroleum Industry Pioneers Receive Hall of Fame Induction
The Offshore Pioneers Gala, sponsored by the Offshore Energy Center (OEC) Society, showcased the 1999 class of offshore petroleum industry pioneers inducted into the OEC Hall of Fame. Robert F.
Conrad Industries Reports Earnings
Conrad Industries Inc. expects to report earnings per share for the quarter ending Sept. 30 of between $.01 and $.03 compared to earnings per share of $.10 for the quarter ending June 30.
Worldwide, Regional Offshore Rig Counts Show Little Movement
Worldwide and regional offshore rig counts showed little change since last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S.
Drilling Sector May Have Missed Chance For Consolidation
Despite the announcement of a large offshore drilling merger this summer, the fragmented industry may have missed its chance for further consolidation due to a recent swift cyclical upswing…
U.S. Offshore Rig Demand Continues To Rise
The U.S. Gulf of Mexico offshore rig count is at its highest level in nearly a year, according to Offshore Data Services' weekly mobile offshore rig count. A four-rig increase in the U.S.
Is It Back?
To say the Gulf of Mexico maritime business had a down year would be a major understatement. But rags-to-riches-to-rags experience of the past has resulted in a consolidated…
Offshore Rig Counts Unchanged
The number of mobile offshore drilling rigs under contract is unchanged from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S.
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.
TDI-Halter Builds First Super 116-C Jackup Rig
TDI-Halter, the Offshore Division of Halter Marine Group, Inc., recently completed the new construction of the first LeTourneau Super 116-C design jackup drilling rig for Perforadora Central, S.A.
Offshore Rig Counts Unchanged
The offshore rig count pattern of recent weeks continues. According to Offshore Data Services' weekly mobile offshore rig count, the U.S. Gulf of Mexico rig count…
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…
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.
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…
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…
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.