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.
Autronica Marine U.S.A., Northvale, N.J., has announced the promotion of Harry S. Ford to vice president and director of technical services. Autronica Marine U.S.A. represents the Norwegian Companies of Autronica A/S and Moland Automation A/S,
Saint John Shipbuilding was awarded the contract to supply two new 4,000 hp tugs with an option on two others. The tugs will be built in Georgetown; Prince Edwards Island at East Isle Shipyard under the supervision of Bill Hind. Timberland Equipment
ABB has struck a landmark deal to supply its new compact podded propulsion system on a semi-submersible drilling rig. Santa Fe International Corp. has awarded a $42 million contract to ABB in Norway for the supply of electric propulsion systems
Mirrlees Blackstone, one of the world's largest manufacturers of medium-speed diesel engines, has moved into its recently constructed sales, service, and warehousing facility in Houston. The facility, located near Intercontinental Airport, will
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