Schlumberger Announces 4Q and 1998 Results
Schlumberger Limited reported operating revenue for 1998 of $11.82 billion, an increase of two percent over 1997. Before the third quarter charge, net income was $1.39 billion…
Chevron Reports 1998 Net Income of $1.98 Billion
Chevron Corporation reported 1998 preliminary net income of $1.98 billion, down 39 percent from 1997 net income of $3.3 billion. Net income for 1998 and 1997 included…
MMS Begins Planning Process to Conduct Eastern Gulf Lease Sale 181
The U.S. Department of the Interior's Minerals Management Service (MMS) is beginning a three-year planning process for conducting a Federal natural gas and oil lease…
Mobil Announces 1999 Investment Program of $4.8 Billion
Mobil Corporation said it expects 1999 capital and exploration expenditures, including cash investments in equity companies, to be $4.8 billion, down about 11 percent…
NSG Awarded Off-Shore Drilling Disposal Contract
CNH Holdings Company Inc. announced its wholly owned subsidiary NORM Service Group, Inc. has been awarded the contract through MI Drilling Fluids,a subsidiary of Smith International…
Mallard Drilling Announces Alliance with Texaco
Parker Drilling Company's Mallard Drilling subsidiary annouced it has entered into an alliance agreement for all of Texaco's domestic inland water drilling and workover requirements.
Conoco Strengthens its Gulf of Mexico Deepwater
Conoco announced an agreement with Exxon Corporation to exchange interest in 59 deepwater blocks in the Gulf of Mexico. Conoco acquired a 50-percent interest in 29 of Exxon's blocks…
FPSOs in the Gulf of Mexico?
Executives from many of the country's leading shipyards and supply organizations gathered in Washington, D.C. in January to discuss challenges facing the repair and conversion industry.
FPSOs in the Gulf of Mexico?
Executives from many of the country's leading shipyards and supply organizations gathered in Washington, D.C. in January to discuss challenges facing the repair and conversion industry.
Feds Propose Rules for Lobstering in Federal Waters; Expand on Interstate Plan Measures
NOAA Fisheries is proposing rules for lobstering in federal waters from Maine to North Carolina. The rules are intended to complement lobster management measures…
Congress Updated on Status of Marine Fisheries
In its second report to Congress on the status of marine fish stocks, the National Marine Fisheries Service said 100 species reviewed are overfished or approaching an overfished condition…
Proposed & Interim Rules
EPA is proposing an emission control program for new compression-ignition marine engines rated at or above 37 kW. The affected engines are used for propulsion and…
Congress Jumps on Rail Jumper Act
President Clinton signed the USCG Authorization Act (H.R. 2204) of 1998 last month, which includes the Rail Jumper Safety Amendment. This law makes it illegal for…
Settlement to Clear Way for Restoration Projects in Tampa Bay
The state of Florida, the federal government and several corporations have agreed to a more than $8 million settlement to fund restoration projects for natural resources…
Complying with USCG Regulations
A commercial master of a vessel (in this instance, a USCG certificated small passenger vessel, less than 100 gt), is ultimately responsible for the safety of the passengers, crew and vessel.
USCG to Require Anchors, Emergency Retrieval Systems
The USCG has issued an interim rule requiring anchors and emergency retrieval systems on tank barges and the vessels towing them in coastal and Great Lakes service.
ASA Takes Up Deepwater Project Cause
In a recent Special Edition of its newsletter, the American Shipbuilding Association said top priority should be given to the USCG Deepwater Project. "The Integrated…
ASA Takes Up Deepwater Project Cause
In a recent Special Edition of its newsletter, the American Shipbuilding Association said top priority should be given to the USCG Deepwater Project. "The Integrated…
Geco Orion Sets New Towing Record
Schlumberger announced Geco Orion has become the first seismic vessel in the industry to tow 3,281 ft. spread unassisted. The spread was accomplished by deploying six 26,246 ft.
A Good Idea, But...
The General Accounting Office throws some cold water on the USCG's largest acquisition program ever - the Deepwater Project, a $9.8 billion program designed to significantly…
