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.
Deepwater Drilling Provides Good Long Term Prospects
According to the U.S. Department of the Interior's Minerals Management Service (MMS), deepwater drilling (1,000 ft. and deeper) shows the greatest potential of development…
USACE Still Needs More Money, Says NWC
To properly do its job, the U.S. Army Corps of Engineers needs at least $4.7 billion, said some speakers at the National Waterways Conference Budget Summit. On the other hand…
Shell Ursa Field Producing Ahead of Schedule
Shell Exploration production at the Ursa project located under 4,000 ft. of water in the U.S. Gulf of Mexico started in March, four months ahead of schedule. Current production was at 13…
CDI Installs First Reeled Riser In The Gulf Of Mexico
Houston-based Cal Dive International established another Gulf of Mexico first when it installed a reeled flowline/riser combination for Kerr-McGee in East High Island block A-379 in 350 ft. of water.
In-House Build of Eleven Work-Class ROVs
Ever attentive to the dynamic demands of the oil and gas industry, Sonsub International Inc. will finalize the initial phase of its ROV new-build program with the…
KEPPEL TO RESTRUCTURE TOWAGE BUSINESS
Keppel Corp Ltd said on Tuesday it was restructuring its towage business which will be completed by the end of September. In a statement, the company announced that…
LATVIAN SHIPPING SELL-OFF RULES COMING SOON
The elongated saga to sell the world's 19th largest shipping firm (in terms of tonnage) will seemingly take another step towards the exit door next week, as final…
JAPANESE FOREIGN SHIP ORDERS DROP 39%
Japanese shipyards received foreign orders for 21 vessels totaling 581,100 GRT in July, down 39.6 percent from a year before, the Japan Ship Exporters' Association said.
SINGAPORE RUNS Y2K DRILLS
With the countdown to the end of the year drawing to a close, officials in all maritime related businesses are busily preparing for the coming, potential, problems to from the Y2K bug.
CONTAINERSHIP FIRE CONTROLLED, INVESTIGATION BEGINS
A fire on a containership in the English Channel was brought under control on Wednesday, and the investigation began as to how the ship and a cruise vessel cruise…
OIL SHEDS $0.61 IN SELL OFF
World oil markets dove on Thursday, apparently fueled by speculators' sell-off. Benchmark Brent blend futures dropped $0.61 cents to $20.02 a barrel in late trading after overnight U.S.
Completion of Offshore Wells
The Houston Exploration Company announced the completion of offshore wells that should provide additional production beginning in the second quarter of 1999. Because…
Halliburton Divests PathFinder LWD Business
Halliburton Company and W-H Energy Services, Inc., jointly announced Halliburton has sold its logging-while-drilling (LWD) and related measurement-while-drilling…
Cheniere Energy Commences Drilling Project
Cheniere Energy began test well drilling on its third prospect: a 3-D Exploration Program in Cameron Parish, La. Located in approximately 25 ft. of water offshore Louisiana…
Houston Exploration Obtains Leases In Private Transaction
Houston Exploration has acquired 100 percent working interests in six offshore leases from ATP Oil & Gas Corporation. Varying from 25 to 100 percent, the Gulf of…
Pinnacle Awarded Drilling Rig Accommodation
Pinnacle Building Systems, LLC, has been granted the drilling rig accommodation unit for the BP/Amoco Marlin Tension Leg Platform (TLP) living quarters. Situated in 3,000 ft.
Proposed Notice of Sale Issued for Western Gulf of Mexico OCS Sale 174
The U.S. Department of the Interior's Minerals Management Service (MMS) is making available the Proposed Notice of Sale for Western Gulf of Mexico (GOM) Sale 174.
BP-Amoco and ARCO in $26.8 Billion Deal
BP Amoco confirmed, following a successful outcome to talks between the two companies, it has reached agreement to combine with the Atlantic Richfield Company (ARCO) of Los Angeles.
Unocal Announces Deepwater Gulf of Mexico Discovery
discovery on the Mad Dog prospect in the Gulf of Mexico deepwater Green Canyon block 826. The well encountered 300 net ft. of hydrocarbons, primarily crude oil.
