We have seen the offshore drilling rig market go from full employment a year ago January to its lowest utilization rate — 68% in the Gulf of Mexico and worldwide approximately 80%, in that span of time. I have to go back to the Eisenhower years
A new shipyard company, the Boston Shipyard Corporation, has formally opened in East Boston, Mass. The company has taken over the former Bethlehem Steel property, inactive since the fall of 1982. Boston Shipyard is performing a mixture of commercial and government repair work.
On August 12, 2000, a massive explosion ripped through and sank the Russian nuclear submarine Kursk, leaving all 118 aboard dead 328 ft. (100 m) below the surface of the Barents Sea. Mammoet Smit was given the technically challenging and politically
Bethlehem Steel Corporation dedicated its new Sabine Yard recently in Port Arthur, Texas. The keynote speaker, Walter F. Williams, Bethlehem's president and chief operating officer, said that despite current depressed conditions in the industry,
Russell B. Inserra, former project manager of Atlantic Diving Company, Inc. of Gloucester, Mass., has been appointed to the post of vice president, Engineering and Operations, by William T. Jebb Jr., president of Atlantic Diving Company. "Mr.
MacMillan Bloedel, Vancouver, British Columbia, has ordered the world's second self-propelled log carrier to be built in Victoria by Yarrows Ltd., at a cost of almost $14 million. The keel will be laid October 1 in Victoria, British Columbia by Yarrows,
Santa Fe International Corporation's new pipelaying reel ship Apache has been awarded its first contract by BP Petroleum Development Ltd. to lay pipelines and control lines in the Buchan Field. BP is the operator for the development of the Buchan Field on behalf of a group comprising BP,
Alyeska Pipeline Service Company— The agent company formed to design, ibuild, operate and maintain the Trans-Alaska Pipeline for the seven owners: Amerada Hess Corporation; ARCO Pipe Line Company; Exxon Pipe Line Company; Mobil Pipe Line Company; Phillips
The General Electric Company, Simulation and Control Systems Department, Daytona Beach, Fla., has been awarded an $ll-million contract to furnish central control systems for four new Spanish Navy ships. The equipment provided under the contract will control the shipboard propulsion,
Oceaneering International is providing support services in the recovery of H.L. Hunley — a Civil War submarine that sank in the Atlantic — off the coast of Charleston, S.C. Oceaneering is under contract to Friends of the Hunley, which is providing overall project management.