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.
Far East-Levingston Shipbuilding Ltd. in Singapore recently completed and delivered another jackup rig to Pool Company of Houston. Named Pool Rig 144, the 160-foot-water-depth jackup was towed to its location in the Arabian Gulf to operate for ARAMCO.
Arrow Marine, Inc. of Houston, Texas, recently took delivery of the Omaha Arrow (shown above), a 120-foot by 26-foot by 10-foot 6-inch, 1,200-horsepower, supply utility vessel built by Skully Bros. Boat Builders, Inc., Stephensville, La. She is
Edwin G.B. Terry has joined the sales staff of Tidewater Marine Service, Inc., a unit of Tidewater Inc., according to Sam S. Allgood, vice president of the worldwide offshore marine support company. Mr. Terry, who was previously vice president
National Supply Company, major oilfield equipment manufacturer, has announced a $3.2-million expansion of wellhead repair, fabrication, and distribution capabilities by its Well Control Systems group. The expansion plans call for establishment of a new wellhead repair center in Kilgore,
Ecomarine USA and OMI Petrolink Corp. have formed a joint venture, Ecomarine Gulf, to provide advanced technology and services for marine pollution control, oil spill response, and marine monitoring and mapping in the states bordering the Gulf of Mexico.
Crutcher Resources Corporation, announced the move of its CRC Welding Systems, Inc. operation from Nashville to Houston. CRC Welding Systems designs and manufactures high technology welding equipment systems and controls for a variety of industrial applications, including robotic welding.
A four-page, full-color brochure describing the Shaffer Drilling Choke System is now available from NL Rig Equipment. The brochure features illustrations and specifications of the hydraulically operated choke valves, transducers for drill pipe and annulus pressures,
Boots Hansen of Boots & Coots Inc. of Houston, Texas, and Paul Koomey of Koomey Inc. of Brookshire, Texas, recently announced the development and sale of a new device for high-pressure oil or gas wells they feel is a significant answer to platform safety.
Clifton C. Garvin Jr., retired board chairman and chief executive officer of Exxon Corporation, will receive the highest award of the American Petroleum Institute, the Gold Medal for Distinguished Achievement, at the API annual meeting in Houston, Texas, November 17-19.