The Penrod 99, a Marathon Le- Tourneau 82-SD-C shallow-draft, cantilever offshore jackup drilling rig, was launched recently (photo) at the company's Gulf Marine Division in Brownsville, Texas. With the rig in the water, the rest of the selfelevating platform's three legs,
The M/V C/Wanderer is a new crew/supply vessel designed and built by Swiftships, Inc. of Morgan City, La. The all-aluminum craft is operated by Co-Mar Offshore C o r p o r a t i o n of Morgan City, and is the 29th vessel Co- Mar or affiliated companies have taken delivery from Swiftships,
Better Equipment Increases Profitability —A Review— Most U.S. shipyards are in the process of increasing their efforts to expand repair and conversion work, both commercial and military. As many of these projects include drydocking, the efficiency
Faster, more efficient cargo handling reduces costs and increases profit opportunities for all vessel owners—inland, coastal and deepdraft. To satisfy the changing needs of these cost-conscious customers, manufacturers of deck machinery and cargo
Nippon Kokan (NKK), Tokyo, Japan, is building an "Ultra Yatzy" semi-submersible offshore drilling rig for the Norwegian Dyvi Group. The construction is expected to be completed in May 1986. The "Ultra Yatzy" will have a maximum deck load capacity of 4,
COMSAT Corporation, Washington, D.C., is offering free literature on its satellite communication services for the offshore drilling platform and maritime industry. Among the services enumerated by COMSAT in its literature are: • Smart Card Phone
Marathon LeTourneau Company's Brownsville, Texas unit has been awarded a contract for the fabrication of a platform drilling rig by Helmerich & Payne International Drilling Co., a wholly owned subsidiary of Helmerich & Payne, Inc. of Tulsa, Okla.
McDermott Marine Construction, a major operating unit of McDermott International Inc., has been awarded a contract by Exxon Company U.S.A. valued at approximately $27 million. The contract calls for the fabrication and installation of an I8-slot
Those searching for tangible effects of a dramatic offshore drawdown need look no further than Friede Goldman Halter. The company, which was riding a crest of business powered by key acquisitions in the mid-90s, saw its plan thwarted when a host
According to industry officials, prices for drilling rig equipment are about to skyrocket because of strong worldwide rig demand. The resulting rise in the cost of finding oil and getting it into production may slow future drilling activity unless oil prices rise, officials also warned.