Marine link
 

Oilfield Services

Dynamic Positioning System Upgrades For Navigare Flotels

Mobile, Alabama based Offshore-Inland Marine & Oilfield Services recently completed Dynamic Positioning (DP) system upgrades for Navigare on the accommodation Semis Safe Regency, Safe Lancia and the Safe Britannia. The DP system upgrades, which were performed while working in conjunction with Rolls-Royce, primarily consisted of hydraulic tubing replacement, installation of distribution manifolds and filter systems installations. Several hydraulic pump and motor upgrades were also necessary to upgrade the DP system. Prior to completion of the job, Offshore-Inland Marine & Oilfield Services performed a system flush, hydrostatically tested all components and commissioned the systems.


Offshore-Inland Completes Repairs on Celebrity Millennium

Offshore-Inland Marine & Oilfield Services completed a repair job for Celebrity Cruise Lines in November 2003. Celebrity’s Millennium required replacement of a 20-ton main propulsion transformer during a planned port visit at Port Everglades, Fla. Offshore Inland responded in spite of the strict time frame requirement to cut a large access opening in the vessel’s side, remove the existing transformer, install a new Celebrity provided transformer and close the access opening all in less


Offshore E&P Spending To Rise 15% in N. America

Offshore oilfield service stocks, to put it mildly, have endured a wild ride for much of 1999. The once high-flying sector actually hit the skids in concert with the late 1997 Asian financial crisis, and resultant plummet in oil prices. Despite a raging rally in oil pricing for much of the year, investors have cautiously approached the stocks. One reason for the caution is purely psychological, as too many investors have been burned too many times on the cyclical stocks


Schlumberger Acquires KBB, Augments Its Range of Services

Schlumberger Oilfield Services has acquired Kavernen Bau und Betriebs GmbH (KBB) from the Preussag Group. The purchase of the Hanover, Germany-based consulting firm, which has more than 30 years of experience in subsurface gas storage, augments the range of services provided by Schlumberger for the growing worldwide gas business. KBB's primary expertise is in the engineering, construction and project management of facilities for the underground storage of natural gas in salt domes


SWIRE Oilfield Services Appoints New Sales Director

David Dae, Swire Sales Director

Swire Oilfield Services, a provider of offshore cargo carrying units and associated services has appointed David Rae as sales director in line with its significant investment plans. Rae brings a wealth of knowledge and experience to the company gained from holding a variety of senior commercial and finance roles in a career spent working in both the oil and gas and manufacturing industries. He was most recently business development director at helicopter operators CHC.


Halliburton Announces JV with SPT Energy

Picture of Halliburton’s first joint venture for hydraulic fracturing services in China

  Halliburton has signed an agreement with the SPT Energy Group Inc. affiliate, Petrotech (Xinjiang) Engineering Co., Ltd., to establish a joint venture company focused on hydraulic fracturing and production enhancement services in Xinjiang, China. The new company, Xinjiang HDTD Oilfield Services Co. Ltd., will provide fracture stimulation services, including design and analysis, data acquisition, and pumping and chemical services in the Xinjiang Uygur Autonomous Region


Baker Hughes Reports Third Quarter Earnings Loss

Baker Hughes Inc., the world's third biggest oilfield services company, reported sharply lower third-quarter operating earnings, but said business had begun to improve as this year's recovery in oil and gas prices led to a gradual increase in drilling activity. The Houston-based company said pre-tax operating profit, excluding unusual one-time items, fell to $14.2 million from $100.9 million in the third quarter of 1998. Revenues fell to $1.21 billion from $1.58 billion.


Bharati Shipyard to Build Offshore Vessel for Great Offshore

According to the Hindu, Bharati Shipyard will construct and supply an offshore support vessel to integrated offshore oilfield services provider Great Offshore for $64.8m. The vessel, which has a diesel electric propulsion system with 5 generators of a total power of 10,500 KW, is fully-equipped to support diving/sub sea operations. The above contract is in lieu of a contract dated March 24 for one multipurpose offshore support vessel valued at $17.4m ordered by Great Offshore.


Gardner Named VP at Oceaneering

Oceaneering International, Inc. has appointed Philip D. Gardner as Senior Vice President, Manufacturing. Effective April 1, 2004, Mr. Gardner will assume worldwide P&L responsibility for Oceaneering's products group, which includes Oceaneering Multiflex and Oceaneering Intervention Engineering. In addition, he will have worldwide functional oversight responsibility for Materials Management and Quality Assurance in the oilfield sector. Mr


Axis Bank Cancels Great Offshore Oil Rig Funding

In Bangalore, offshore oilfield services firm Great Offshore Ltd has run into fresh trouble after Axis Bank Ltd walked out of a deal to lend Rs350 crore to the Mumbai-based firm for funding the purchase of an oil drilling rig, currently under construction at Bharati Shipyard Ltd. Axis Bank wanted the money back after ONGC cancelled the rig contract and also due to delay in completing the construction of the rig. (Source: livemint


COSL Takes Delivery of New Semisub

COSL’s deepwater semi-submersible drilling rig COSL Prospector delivered

  China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today. This rig has adopted the latest marine engineering design concepts in the world and has mets the


Deepwater Semi-Sub COSL Prospector Delivered

COSL Prospector

COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province. It represents another milestone for China’s deep-water drilling rig going into the global mainstream market


Schlumberger Cuts Seismic Fleet to Lower Costs

Schlumberger Ltd, the world's No.1 oilfield services provider, said it was reducing the size of its marine seismic fleet to lower costs as it expects customers to cut exploration spending. Schlumberger said it would take a charge of $800 million to write down the value of six vessels and other


Schlumberger to Take $1 bln Restructuring Charge in Fourth Quarter

Schlumberger Ltd, the world's No.1 oilfield services provider, said it would take a $1 billion charge related to jobs cuts and the writedown of some seismic vessels as it trims its operations in response to slumping oil prices. The company expects a pretax charge of $200 million in the fourth


Pushing the HPHT Envelope

With demand for hydrocarbons increasing and costs rising, the E&P industry is also facing numerous technical challenges including the development of High Pressure – High Temperature (HPHT) reserves. HP / Extreme HP typically refers to borehole pressures between 10,000 psi and 20


Keppel T & T Appoints Lim Chin Leong to its Board

Keppel Telecommunications & Transportation Ltd (Keppel T&T) has strengthened its Board with the appointment of Mr Lim Chin Leong as an independent, non-executive Director with effect from 1 September 2014. Mr Lim will also be a member of the Nominating Committee and Board Safety Committee


MN 100: Kirby Inland Marine

_BKR1997.jpg

55 Waugh Dr, #1000 Houston, TX 77007 Tel: (713) 435-1000   Email: customerservicerep.klm@kirbycorp.com Website: www.kirbycorp.com President: William G. Ivey The Company: Kirby Corporation is a premier tank barge operator in the United States


DW Release World Drilling & Production Forecast Update

Offshore drill rig: File photo

The new quarterly issue (Q3) of Douglas-Westwood’s (DW) World Drilling and Production Forecast (DWD&P) has been released. Major changes have been seen in the forecasts for Iraq, Libya and Uzbekistan. DW inform that the report now also includes forecasts for Bangladesh, Israel


'Aker Wayfarer' Wins Petrobas Subsea Contract

Skandi Aker OSV: Photo Aker Solutions

Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) says it has won a contract worth US$465-million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a


Aker Wayfarer Wins 5-Yr Contract from Petrobras

Photo  Aker Solutions

  Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) has won a contract worth USD 465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a


Aker Solutions Starts Trading After Company Split

The split creates a simpler and more focused Aker Solutions that is better positioned to meet the needs of customers in an increasingly competitive global energy industry

  Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance


OIMO Adds Fuller to Leadership Team

Nick Fuller (Photo: OIMO)

Offshore Inland Marine & Oilfield Services, Inc. (OIMO), a company in topside and riding crew repair services, announced the appointment of a new executive to the company’s leadership team – Nick Fuller, Director, Business Development.


Schlumberger Mulls Sale of Oilfield Tools Rental Unit

Schlumberger Ltd, the world's largest oilfield services company, is exploring the sale of its oilfield tools rental unit Thomas Tools, which could be valued at more than $600 million, according to people familiar with the matter. An auction is already underway for Thomas Tools


Merger Talks Feed Energy Sector Deal Speculation

Employees work in a lab at the Halliburton Co. facility in Houston.

  Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell


Halliburton & Baker Hughes Merger

Two giants merge

  Halliburton Company and Baker Hughes Incorporated  today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright