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World Offshore Drilling Activity: A 5-Year Outlook
The following is an outline of some of the key conclusions of the "The World Offshore Drilling Report 2003- 2007" recently published by energy analysts Douglas- Westwood. — By Dr. Michael R. Smith, Douglas-Westwood Offshore drilling has, for the last 30 years,
Rig Demand in the Doldrums
Worldwide demand for mobile offshore drilling units remains essentially flat, according to Houston-based offshore industry analyst ODSPetrodata, although offshore drilling activity is expected to increase modestly in certain areas as the year progresses.
OFFSHORE RESURGENCE BEGINS
(EDITOR'S NOTE: Last March at a meeting of financial analysts in New Orleans, Hugh J. Kelly, president and chief executive officer of Ocean Drilling & Exploration Company (ODECO), forecast a turnaround for the offshore drilling industry by early
Centrico Forms New Mineral Oil Group Headed By Lohmeyer
Rising demand for Westfalia oil purifying centrifuges has spurred the formation of a "Mineral Oil Group" at Centrico, Inc., it was recently announced. According to Wend Wendenburg, executive vice-president of Centrico: "With oil prices high and slated to go higher,
Diamond M-Odeco Teams With VODL To Enter Floating Production Market
Houston-based Diamond MOdeco, one of the world's largest offshore drilling companies, plans to enter the global floating production market by forming an association with Victoria Oilfield Development Ltd., (VODL), of London. VODL was established by Seatramp Inc.
DCR Optimistic About Future Of Offshore Drilling Sector
While it may be impossible to predict when offshore rig utilization will begin a meaningful recovery. Duff & Phelps Credit Rating Co. (DCR) has noticed certain industry developments that suggest improved conditions. Operating rates for drilling
WABCO To Market New High-Torque Air Motor — Literature Available
WABCO Fluid Power of Lexington, Ky., a division of American Standard Inc., has announced an agreement with Tachyon Corporation of Minneapolis to develop jointly and to market worldwide an improved low-speed, high-torque fractional horsepower air motor.