Far East-Levingston Shipbuilding Ltd. (FELS) of Singapore has expanded its operations in the United States with the appointment of a U.S. representative. Lovie and Company, Inc. of Houston, spearheaded by Peter M. Lovie, has been selected by FELS
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,
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.
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.