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.
Promet Private Limited, Singapore, recently launched its second self-propelled jackup wells e r v i c e b a r g e , named Frank Purkey (shown above). Built for Sun Contractors, this barge was delivered at the end of May 1981. The Frank Purkey measures 110 feet by 50 feet by 10 feet.
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,
A & P Appledore International Ltd., the marine industry's services group, has been acquired by A & P Appledore (Holdings) Ltd., a company formed by the senior employees of the company. The shares in A & P Appledore International Ltd. were in the
Global Marine Inc., of Houston, Texas, recently announced the incorporation of a wholly owned subsidiary, Global Marine Production Systems Inc. Global Marine Production Systems provides standardized offshore production systems from stock for
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
The Canadian province of St. John's, Newfoundland, will be the site of the 4th International Conference on Port and Ocean Engineering Under Arctic Conditions, to be held September 26-30. The POAC 77 Conference will cover latest developments on operating in Arctic waters,
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.
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,