NEWS snips from Offshore Data:
Teddy's Note: People that own stocks in this sector have become masters at
making excuses for why their stocks continuely go down while the DOW hits new
highs almost everyday. Don't worry, the OSX will hit 9000 soon: as soon as a
Driller mergers with a major Financial Institution.
U.S. GULF: Diamond Offshore semi OCEAN AMBASSADOR, originally scheduled
to go to Elf, will instead drill three wells for Walter Oil and Gas after it completes its
current contract with Mariner Energy early next month.
i don't know what's going on here, but it don't look good.
Let's take a poll, Which is better:
a contract with the world renouned international exploration and production
company Elf,
or
three wells for some bum off the street that this week is calling himself Wally's
O&G ?
U.S. GULF: Diamond Offshore semi OCEAN CENTURY is expected to complete its
contract with Chevron around April 20. The rig then has one-well commitments with
Phillips Petroleum and Murphy Exploration and Production lasting through mid to
late-July.
Am i the only one that sees the trend here: Chevron (Big Oil) don't need the rig
any more. Phil and Murf will take it for one well.
A-beebiba-beebiba-beebiba, That's all folks.
TRINIDAD: Trinidad's Energy Ministry will invite bids late this year or in early 1999
for an ultra deepwater licensing round. The government is inviting geophysical
contractors bid on shooting 2-D surveys off Trinidad's east coast.
Third World Nation using 1950's technology. Sounds like the end of the cycle.
NORWAY: Saga Petroleum awarded a $10.6 million contract to Halliburton. The
three-year plus two-year options contract covers well perforation services offshore
Norway.
No explaination neccessary.
CONGO: CGG Marine delivered a processed 3-D cube from a survey offshore the
Congo to Shell in less than two days after data acquisition. Data was processed with
CGG Geovecteur software to a fully 3-D migrated stack. The processed data was
transmitted via satellite to Shell Congo's office.
Shell must know that oil prices are going to drop: We need that data ASAP.
U.S./INTERNATIONAL: Randy Smith Drilling Schools (RSDS) is developing a
follow-up class, Leadership II, for Global Marine. Leadership II is designed to build
on the original Leadership Skills class RSDS developed for Global Marine.
Global Marine is sending its worldwide supervisory personnel to Leadership II. Key
items covered in the three-day course are: five keys to successful coaching in oil and
gas operations, understanding and applying dimensions of leadership to crew members,
developing observation and feedback skills to improve safety on rigs, and
understanding the advantages and problems of diversity in today's oil industry.
Took me a while to figure out what that is all about, but i got it.
Hint: Idle hands are the Devil's playground.
GLM don't have any work, so they are sending them to school because the
workers are hanging out all day drinking, getting into fights and wrecking the
rigs.
Right Mavis? |
