MMS Responds with Royalty Relief Modifications
The U.S. Department of the Interior's Minerals Management Service (MMS) has updated two Notice to Lessees (NTL) to help the domestic industry adjust to and survive low prices.
Spirit Energy 76 Participates in Significant Deepwater Discovery
Spirit Energy 76, Unocal Corporation's U.S. Lower 48 exploration and production unit, said the exploratory well drilling the Mirage prospect in the Gulf of Mexico…
Oil States Industries To Expand U.S. Operations
Adding to its growing list of subsidiaries, Arlington, Texas-based Oil States Industries, Inc. has decided to further its expansion prospects with the addition of CE Marine, Inc.
Gulf of Mexico Lease Sale Attracts $171 Million in High Bids
The U.S. Department of the Interior's Minerals Management Service (MMS), in New Orleans, held a sale of offshore oil and natural gas leases in the Central Gulf of…
Scraping the Bottom of the Barrel
The offshore rig market continues its slide with worldwide rig demand falling by 32 units since December 1998, according to Offshore Data Services, Inc. Over the last three months…
The Story of Shallow Draft Elevating Boats
In 1982, 2-D (two-dimensional) seismographic technology was the hot and newest technique being used to locate oil and gas. Geophysicists, along with drill rigs, geophones and computers…
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…
