The Tool Company News

Belle Chasse, La. shipyard C&C Marine and Repair said it has delivered the second vessel in a series of 15 towboats it is building for Metairie, La. based Maritime Partners, LLC.The 2,600-horsepower, 84’ x 34’ towboat Brooks M. Hamilton was designed by Entech Design, LLC, based in Kenner, La., with the 3D modeling and production drawings done by C&C Marine and Repair’s in-house engineering department. The design includes two Cummins QSK38-M1 main engines, provided by Cummins Mid-South, that are paired to two Reintjes WAF 665 reduction gears, provided by Karl Senner, LLC.

General Atomics Selects General Tool Company to provide EMALS and AAG for U.S. General Tool Company (GTC) announced today it has been selected by General Atomics (GA) to deliver $48 million in hardware for the U.S. Navy’s future aircraft carrier John F. Kennedy (CVN 79) under construction at Huntington Ingalls Industries’ Newport News Shipbuilding division. This procurement will include Critical Safety Items (CSI) such as the motor support structures, trough covers and other associated components.

Rolls-Royce congratulated the US Navy on the christening of the USS Zumwalt, the first of its new and highly sophisticated DDG 1000 multi-mission destroyer class of ship. The 600 foot long all-electric ship was christened by sponsors Ann Zumwalt and Mouzetta Zumwalt-Weathers at Bath Iron Works in Maine during a ceremony attended by thousands of people, including The Honorable Ray Mabus, the Secretary of the Navy, and other dignitaries. During the ceremony Don Roussinos, Rolls-Royce, President – Naval said: "Rolls-Royce congratulates the US Navy on the christening of its most technologically advanced – and first all-electric – multi mission destroyer class of ship.

Klϋber Lubrication, a worldwide manufacturer of specialty lubricants, appoint Ralf Kraemer chief executive officer (CEO). Kraemer assumes the role of CEO from Dieter A. Becker, who returns to Klüber’s global headquarters in Munich, Germany, after leading the North American operations for nearly three years. Born in Germany, Kraemer brings more than 15 years of sales, marketing and management experience in the metal cutting, woodworking, industrial equipment and power transmission industries to his new role at Klüber.

Baker Hughes Incorporated announce the international offshore rig count for January 2013 was 307, up 8 from the 299 counted in December 2012. The count is unchanged from the 307 counted in January 2012. The average U.S. offshore rig count for January 2013 was 53, up two from the 51 that were counted in December 2012 and up 10 from the 43 counted in December 2012. The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity.

Reservoir Group has strengthened its portfolio of completion and production services with the announcement that two well intervention specialists have joined the ‘club’. The Tool Company, located in Assen, The Netherlands and the Aberdeen-based firm, Wellbore Intervention bring their expertise in coiled tubing well intervention to the portfolio of activities currently on offer from Reservoir Group. Both companies provide a variety of well intervention services to the oil and gas industry across the UK and continental Europe.

Lafayette, La.-based Stabil Drill, a Superior Energy Services Company subsidiary, has acquired to drilling tool firms based in Youngsville, La. Donnie Williams Tool Company and J&S Hole Opener Rentals, which both operate throughout the Gulf Coast, both were acquired by Stabil Drill.

Baker Hughes Inc. announced on August 7 that the international rig count for July 2001 was 748, down 12 from the 760 counted in June 2001 and up 86 from the 662 counted in July 2000. 189 counted in July 2000. The U.S. rig count for July 2001 was 1,278 up 7 from the 1,271 counted in June 2001 and up 337 from the 941 counted in July 2000. The Canadian rig count for July 2001 was 319 up 17 from the 302 counted in June 2001 and up 13 from the 306 counted in July 2000. The worldwide rig count for July 2001 was 2,345 up 12 from the 2,333 counted in June 2001 and up 436 from the 1,909 counted in July 2000. international markets. and Canadian drilling activity. 1975. In 1987 the Baker Oil Tools began its monthly workover rig count. last working day of each week.

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, oilfield service companies were still feeling the pain of the low oil prices from earlier in the year. While the stock market - the global business measuring stick - has generally been positive on the offshore oilfield sector throughout much of the year, there has been a relapse of sorts in October, as uncertainty surrounding OPEC output quotas has largely dampened the year's progress. In fact, a major tracker of offshore industry stocks, Warburg Dillon Read, in mid-October cut its ratings of four oilfield equipment and services companies.