The cyclical nature of the oil business has blossomed into full bloom during the latter part of 2000, as a host of political power plays have sent oil prices on a virtual rollercoaster, albeit mostly up, helping to send it soaring as high as $37/barrel at the time of this writing.
Singapore's Osprey Maritime said on Monday it agreed to sell its liquefied natural gas (LNG) operations to new subsidiary Golar LNG for $635 million as part of a restructuring exercise. The marine and chartering services provider said in a statement
O&K Orenstein & Koppel Aktiengesellschaft recently delivered a contract to supply a hopper suction dredger with a hopper capacity of 1,500 cubic meters. The contract was placed by Heinrich H i r d e s GmbH, Hamburg. The dredger will be built to
Houston Midstream Services, Inc. has changed its name to Houston Marine Services, Inc., according to an announcement by Geren L. Graham, president. The firm was founded in 1977 and initially engaged in midstream fueling of vessels in the Port of Houston.
Far East-Levingston Shipbuilding Ltd. (FELS) has signed a contract to construct a semisubmersible accommodation and construction platform for Consafe Offshore AB. The rig will be built in Singapore, and is scheduled for delivery in the third quarter of 1982.
Hydranautics Hydraulic Systems, Goleta, Ca., has received a contract from Sedco, Inc. of Dallas to provide three BOP hydraulic skidding systems for use on the Sedco 600, 601, and 602 semisubmersibles. Each rig will be equipped with a system that