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.
Levingston Shipbuilding Company, Orange, Texas, recently delivered the self-elevating mobile offshore drilling rig Dixilyn-Field 87 to its owners, the Dixilyn-Field Drilling Company of Houston. The Dixilyn-Field 87 is a Levingston Class 111-C jackup,
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.
Crowley Maritime Salvage, Inc., San Francisco, Calif., has just been awarded a three-year contract by the Naval Sea Systems Command, Washington, D.C., to provide offshore salvage services for the U.S. Navy in a major portion of the North and South Pacific Ocean Area.
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.
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.
O & U Drilling, Inc. of Beaumont, Texas, and Bethlehem Steel Corporation's Beaumont shipyard recently commissioned an offshore jackup drilling rig and announced the ordering of two other rigs. One of the new rigs will be built at the Beaumont yard, and the second at the Singapore shipyard.
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.