Floating production has evolved to a mature technology that opens for development oil and gas reservoirs that would be otherwise impossible or uneconomic to tap. The technology enables production far beyond the depth constraints of fixed platforms, generally considered to be 1,400 ft.
Two Bethlehem Steel Corporation shipyards have each received contracts from Griffin-Alexander Drilling Company of Houston to build mat-supported, jackup drilling rigs at a total cost of about $70 million. One unit, the Griffin-Alexander V, will be constructed at Bethlehem's Beaumont,
Houston Offshore International, Inc., Houston, Texas, has taken delivery on two Sabine-class rigs and has ordered the Sabine V, president Jerry E. Chiles announced recently. The new rig will be built at Bethlehem Steel's Singapore shipyard and is scheduled for delivery in September 1982.
Negotiations between the People's Republic of China and the National Supply Company, division of Armco Steel Corporation, Houston, Texas, have been completed for the sale of two offshore oil production platforms valued at more than $15 million, it was announced by Ted Rogers,
A major reorganization resulting in the promotion of several individuals to key positions at Petro-Marine Engineering, Inc., 1141 Whitney Avenue, Gretna, La. 70053, has been announced by John W. Owensby, president. Petro-Marine is one of the nation's largest
Last month's new product unveiling by Advanced Polymer Coatings (APC), at the SMM gathering in Hamburg, should give fresh impetus to the Ohio company's rapid marine business growth with its performance-enhancing MarineLine cargo tank coating series.