CSO Aker Maritime to Deliver Multiple SPAR Platforms
CSO Aker Maritime was awarded a contract for delivery of multiple SPAR floating production platforms for BP’s deepwater developments in the Gulf of Mexico. CSO Aker…
Rolls-Royce Designs Selected for 53 OSVs in Past Year
UT-Designs and packages of equipment from Rolls-Royce have been chosen for 53 offshore service vessels (OSVs) during the past year. The transaction represents 70…
Chieftain Announces GOM Discoveries
Chieftain International, Inc. has participated in two recent offshore discoveries on West Cameron 300 and South Pass 38 in the US Gulf of Mexico. The No. 3 exploratory…
ENSCO Jackup Rig Damaged in Gas Blowout, Fire
ENSCO International Incorporated and Forest Oil Corporation reported that one of ENSCO’s jackup rigs sustained extensive damage while operating in the Gulf of Mexico.
CSO Deep Blue Delivered
Coflexip Stena Offshore said its new-built ultra deepwater pipelay and subsea construction vessel, the CSO Deep Blue, was delivered on March 1, by Hyundai Mipo Dockyards…
Tesco Sells High-Tech Drilling Assets
Canadian oil service firm Tesco Corp. sold its new-technology drilling services division to Houston-based Weatherford International Inc. for $33 million. Tesco officials…
FGH, Ocean Rig End Dispute Over Drilling Rigs
Norway’s Ocean Rig and Friede Goldman Halter signed an agreement, ending a legal dispute over the building of two drilling rigs that was halted earlier this month.
Magnum Hunter Reports 2001 Drilling Results
Magnum Hunter Resources, Inc. announced year-to-date 2001 exploration and development drilling results. The company has participated in 28 new wells with a 100 percent success rate.
High Water Forces Lock Closures
The U.S. Army Corps of Engineers will close additional locks on the upper Mississippi River north of St. Louis beginning on Monday (April 23) due to rising water levels, Army Corps officials said.
Panamax Market Should Enjoy Solid Week
Increased demand in the Atlantic is likely to keep Panamax trading into positive territory this week, shipbrokers said on Monday. They said Atlantic Capesize freight rates had risen in recent days…
McDermott Awarded EPCI Contract for Spar Project
J. Ray McDermott, Inc., a subsidiary of McDermott International, Inc., has been awarded a turnkey engineer-procure-construct-install contract to provide a spar platform…
Exxon Mobil 1Q Income Soars To $5 Billion
Exxon Mobil Corp., the No. 1 oil company, said first-quarter earnings rose 51 percent, as it cashed in on strong crude oil and natural gas prices as well as better…
DFDS Tor Line Takes Stake In LISCO
Danish sea shipping company DFDS Tor Line bought a majority stake in Lithuanian shipping line LISCO for $47.6 million to bolster its presence around the Baltic Sea. "We can use LISCO...
Minoan Plans To Expand Routes
Greek ferry operator Minoan Lines will expand into new sea routes linking the ports of West Italy with Malta and Tunisia and later expanding to French ports in the Mediterranean.
OTC: Offshore Industry Barometer For More Than 30 Years
The Offshore Technology Conference (OTC) annually attracts a global audience of leading engineers, managers, and scientists to the heart of the oil and gas industry.
Frontline To Bid For Mosvold Shipping
Norwegian crude oil tanker group Frontline will bid 5.5 Norwegian crowns a share, (a total of about $46.53 million), for its tiny rival Mosvold Shipping. Frontline…
Venture Capital Group Eyes Cammell Laird
Venture capital group Patron Capital has approached the receivers of Cammell Laird about buying parts of the failed British shipbuilder, Reuters reported. Former…
OTC 2001: Drilling Markets Poised for Flood of Business
Beginning on April 30, more than 43,000 people will begin converging on the city of Houston for four days at the most important offshore event of the year the 33rd…
Port Weller Christens Two Ships in One Day
For the first time in the shipyard’s five-decade history, two ships were christened on the same day at Port Weller Dry Docks in St. Catharines. The vessels, Hull 79 and Hull 516…
VPA Welcomes First Patrol Boat in 10 Years
Allied Shipbuilders of North Vancouver, B.C. delivered the new patrol vessel Takaya to Vancouver Port Authority (VPA) – its first new patrol vessel in 10 years.
