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In 1990 the oil drilling company proposed selling its entire fleet of offshore drilling rigs to focus solely on fishing. The company had not had a profitable quarter in more than five years. In 1990, Zapata Offshore sold 12 of its drilling rigs to Arethusa Offshore, which a few years later merged with Diamond Offshore. Still struggling with ...
In 1954, the company launched Rig 51, the first mobile jackup rig, in the Gulf of Mexico. In 1967, the Offshore Company went public. In 1978, SNG turned it into a wholly owned subsidiary. In 1982, it was changed to Sonat Offshore Drilling Inc., reflecting a change in its parent's name. William C. O'Malley, an executive at Sonat's headquarters ...
Grup Servicii Petroliere (GSP Offshore) performs offshore integrated services for the oil and gas industry. GSP is a member of Upetrom Group, a private company. GSP operates seven offshore drilling rigs: GSP Saturn, GSP Jupiter, GSP Orizont, GSP Atlas, GSP Prometeu, GSP Fortuna and GSP Britannia. GSP also operates several multifunctional ...
With offshore oil exploration becoming a bigger and bigger part of the overall picture, rig companies are looking more and more like great investment opportunities. However, because of the ...
Operated by Shell, with JV partners Chevron (37.5%) and BP (27.5%), the spar acts as a hub for and enables development of three fields Great White, Tobago, and Silvertip. The oil and gas fields beneath the platform lie in a geological formation holding resources estimated at 3–15 billion barrels of oil equivalent according to a report by the BSEE, formerly known as the MMS.
Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments.
In 1953, the company was founded by Alden J. "Doc" Laborde, who also founded Tidewater, and John Hayward. Hayward was the builder of the Barnsdall rig and holder of the patent on submersible drilling barge methodology. Charles Murphy Jr. of Murphy Oil invested $500,000 in the company and assisted Laborde in finding additional investors. [1]
Petrobras 36 (P-36) was a floating semi-submersible oil platform. Prior to its sinking on 20 March 2001, it was the largest in the world. [3] It was owned by Petrobras, a semi-public Brazilian oil company headquartered in Rio de Janeiro. [4] The cost of the platform was US$350 million (currently US$622 million). [5]