Chicago's Little Lady Debuts
Mercury Skyline Sightseeing Boats has christened and placed into service its newest vessel, Chicago's Little Lady. Built by Freeport Shipbuilding of Freeport, Fla.…
Trash Skimmer Boats
United Marine International LLC, of Baltimore, has delivered new Trashcat skimmer vessels to the cities of Baltimore and Fort Lauderdale, Fla. The City of Baltimore…
ENSCO Announces 2Q Earnings
ENSCO International Inc. reported a net loss for the three months ended June 30, 1999 of $9.8 million on revenues of $79.4 million, compared to net income of $80.6…
Trico Earnings Nicked by Suffering Day Rates
Trico Marine Services, Inc. reported a net loss for the second quarter ended June 30, 1999, of $10.8 million after an extraordinary one-time charge of $1.8 million.
Transocean Earnings Beat Forecasts
Transocean Offshore Inc. posted earnings for the second quarter that just beat expectations as low oil prices early in the year caused continued depressed exploration…
Texaco's Profits Drop; ARCO's Surge
Texaco Inc., the nation's fourth largest oil company, reported that second quarter income dropped 13 percent as low refinery profits abroad were only partially offset by stronger crude oil prices.
Diamond Offshore 2Q Earnings Fall
Diamond Offshore Drilling Inc., the world's largest offshore oil driller by market capitalization, reported its second quarter earnings fell more than 50 percent.
Schlumberger Announces 2Q Results
Schlumberger Limited reported 1999 second quarter operating revenue of $2.17 billion was 29 percent below second quarter 1998. Net income was $127 million, 67 percent…
Exxon Announces Estimated 2Q 1999 Results
Exxon Corporation reported second quarter 1999 net income of $1.2 billion, down from $1.6 billion in the second quarter of 1998. Revenue for the second quarter of…
Newfield Signs Purchase and Sale Agreement to Acquire GOM Assets
Newfield Exploration Company announced it has signed a purchase and sale agreement to acquire the interests of Ocean Energy, Inc. in three shelf Gulf of Mexico fields.
Marine Spill Response Corporation Extends Services
The Marine Spill Response Corporation (MSRC) is now providing upgraded oil spill response services in the mid-continent region of the U.S., including the Mississippi…
Halliburton's Brown & Root Wins ROV Drilling Support Contract
As a division of Brown & Root Energy International, Services (BRES), SubSea International, Inc. has been awarded a contract to provide remotely operated vehicle…
MSRC And CGA Lengthen Management Agreement
The Marine Spill Response Corporation (MSRC) and Clean Gulf Associates (CGA) have extended their Management Agreement for an additional five years, through 2005.
MMS Delays Decision On Oil Drilling In California Waters
The U.S. Interior Department's Minerals Management Service (MMS) announced it will delay its decision on whether oil companies can drill for oil and natural gas off California's coast…
PGS Awarded Two Seismic Contracts
Petroleum Geo-Services ASA (PGS) was recently awarded a seismic contract in deepwater Gulf of Mexico. PGS will utilize its proprietary 3-D marine seismic vertical…
Transocean Offshore Inc. Announces 30-Month Contract for Discoverer Seven Seas
Transocean Offshore Inc. announced one of its operating subsidiaries has been awarded a 30-month contract commitment by Petróleo Brasilerio S.A. (Petrobras), the state oil company of Brazil…
Esso Exploration Rejects Marine Drilling Rig
Marine Drilling Cos. Inc. announced it tendered its Marine 700 semi-submersible drilling rig to Esso Exploration Inc. for acceptance under their five-year contract…
R&B Falcon Lands Drilling Contracts for Semisubmersibles
R&B Falcon Inc. has been granted a contract by Petro-Canada, utilizing the fourth-generation semisubmersible Henry Goodrich for the development of the Terra Nova field offshore eastern Canada.
BP Amoco Announces Four Major Deepwater Finds
BP Amoco announced four significant oil discoveries in the deepwater Gulf of Mexico, including the largest made to date by any company. These major exploration successes…
MMS Issues Final Notice of Sale
The U.S. Department of the Interior's Minerals Management Service (MMS) has published the Final Notice of Sale for Western Gulf of Mexico (GOM) Sale 174. The sale will be held August 25…
