A christening ceremony on a newly built self-elevating drilling rig (shown above) was performed recently at the shipyard of Promet Private Limited in Singapore by Mrs. Y. Murase, wife of the s e n i o r vice p r e s i d e n t of Abu Dhabi Oil Company.
Zapata Corporation, Houston, Texas, announced recently that it has signed contracts for the construction of three new jackup rigs for its offshore drilling fleet in two Singapore shipyards. The company said the U.S.-flag rigs will be owned and operated by Zapata Off-Shore Company,
Worldwide orders for offshore mobile and fixed rigs for exploration and drilling for oil and natural gas have increased considerably during the 12 months ending in July 1981, according to a study just released by the Bremen Institute for Shipping Economics.
Gulf Trading & Transportation Company (GT&T), a division of Gulf Oil Corporation, Pittsburgh, Pa., responsible for marine transportation and the supply, sales and trading of foreign crude oil, will transfer its headquarters and the bulk of its operations to Houston, Texas.
Liner shipping is traditionally a cyclical business, subject to dramatic peaks and troughs and sudden changes in fortune in individual trade lanes. Today's ebullience among all sectors of container shipping, including its various intermediaries,
Svenska Skum, a subsidiary of Unitor ASA, won contracts for the design and supply of external fire-fighting systems to a series of newbuilding fireboats under construction in Hong Kong and Greece. The Hong Kong contract involves the general design
The Penn Central Corporation's Marathon Manufacturing Company has signed $326 million in contracts with the Rowan Companies, Inc. for the construction of eight offshore oil and gas mobile drilling rigs. Marathon's marine construction order backlog now totals 43 rigs,
Jurong Shipyard Limited, 5, Pulau Samlun, Jurong Town, Singapore 22, was awarded a $30- million (Singapore dollars) contract by Messrs. Hansa Offshore (S.E.A.) Pte. Ltd., a Singapore registered company of international repute, to convert four of the existing 18,