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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.
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.
Joy Manufacturing Has Literature Available On New Clutch Assembly
An air-applied and spring-released clutch assembly for its line of large and medium size air winches and hoists has been announced by the Joy Manufacturing Company, Pittsburgh. The clutch allows controlled free spooling of wire cable off the drum.