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Newsletter
No. 9
Survey, Geophysical, Underwater
(December 5, 2000)
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| Maritime
Surveys Ltd. Invests In State Of The Art Multi-beam System |
Maritime Surveys
Limited, a member of the Atlantic Marine group of companies, announces that
it has acquired the first SeaBat 8160 multibeam echosounder system from Reson,
the world-leader in high-resolution multibeam survey data acquisition and
imaging systems. This latest SeaBat system has undergone extensive sea trials
and it is currently installed on the MV Scotian Shore, one of the company's
fleet of purpose-built survey vessels at its operations base in Shoreham,
Sussex UK. The vessel is now available for charter with the SeaBat 8160 system
and a full survey spread.
The new SeaBat 8160 complements major recent investment by Maritime Surveys
in survey systems which will be used primarily to support Maritime Surveys
in its increasing number of contracts in surveying routes for new
telecommunications cables systems across the Atlantic and Pacific Oceans.
A large number of new cables are being planned to cope with increasing demand
for bandwidth as a result of the growth in the Internet or world wide web.
In addition to the telecommunications market, Maritime Surveys will use the
new SeaBat 8160 in offshore surveys for oil and gas exploration and field
development, and resource assessment and environmental surveys for the marine
aggregates industry.
Alastair MacDonald, Managing Director of Maritime Surveys said: "Following
extensive sea trials this month we have included the SeaBat 8160 system as
a key element in our expansion plans to respond to the increasing demand
for our offshore survey capabilities. This investment in the latest
vessel-mounted multibeam survey technology from Reson complements the significant
investment made by Maritime Surveys in upgrading our fleet, additional tonnage,
survey personnel and facilities."
Maritime Surveys is based in Shoreham, Sussex, where the company has its
own berthing and vessel management facilities directly alongside its purpose
built offices. For more information see www.atlantic-marine.co.uk or contact
Paul Crowther, Chairman, or Alastair MacDonald, Managing Director, at
+44-(0)1273-248600. For full press release
click here (MSWORD) or contact
Alastair Macdonald.
Also, visit their web sites at:
www.maritime-surveys.com
or
www.atlantic-marine.co.uk |
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| Online,
Live Oil & Gas News Feed Now Available on E-PageAds.com |
E-PageAds Inc,
announces new "live" Oil and Gas NEWS FEED within their Survey, Geophysical
& Underwater Marketplace web sites. Visitors get up to date oil and gas
related news items updated via live feeds to various renowned news sources
around the world.
Take a peek at:
http://e-pageads.com/survey-marketplace/oilandgas-portal.html |
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| E-PageAds
Offer Subscriber Web Pages Viewable In 6 Languages |
E-PageAds Inc,
now provides its subscribers the capability for its web site visitors to
view subscriber products and services in English, Spanish, French, German,
Italian and Portuguese! Subscribers enjoy unlimited access for editing and
modifying their web pages and images via a simple, online editor.
Since the E-Pageads.com
web site was offically launched on September 15th, traffic has increased
significantly with over 80,000 hits officially recorded in November and growing
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increasing to over 8,000 in November. New marketplace places are being added
with their own unique databases.
See sample of multi-language pages at:
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| Fugro
GeoServices, Inc. Awarded High-Res 3-D Contract |
Fugro GeoServices,
Inc. was awarded a contract to conduct three high-resolution 3D seismic surveys
for BP Corporation within the Gulf of Mexico. Fugro recently completed 3D
seismic programs within BP Corporation’s Holstein and Mad Dog prospect
areas using a unique 6-streamer, short-offset method deployed from the R/V
Seis Surveyor. The third survey has commenced over the Crazy Horse prospect.
Approximately 480 square kilometers of short-offset, high-resolution 3D seismic
data will be collected over the three sites. A potential 3D survey over the
Atlantis prospect is also being discussed with BP. The data will be used
to help establish future development plans within the prospect areas. Fugro
GeoServices serves the marine geophysical market in North and South America.
The company is headquartered in Houston, TX with a branch office located
in Lafayette, LA.
Full more information, contact Fugro
GeoServices, Inc. |
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| Worldwide
Rentals Offered By Seatronics via New Singapore Office |
LEADING marine
equipment rental and sales company Seatronics Ltd, which is part of the
family-owned George Craig Group, has opened an office in Singapore to supply
equipment for sale and rent to the survey and ROV markets in South East Asia.
Five people are being employed initially at the office which has storage
space totalling 2,500 square feet, a calibration centre, technical workshop
and general offices.
The new facility
in Singapore means Seatronics has more support bases than its competitors
and greater coverage throughout the world. The company also has bases in
Aberdeen, Great Yarmouth, Houston and Abu Dhabi. Managing Director for Seatronics
in Asia, Stuart Kendall, said: "We will be concentrating on our core market
supplying sales and rental equipment to the survey and ROV markets in South
East Asia."
"Singapore is the
main supply point for the Asia oil and gas industries supporting a large
area including Indonesia, Malaysia, Thailand, China, Korea and Japan. We
will also support Australasia. With these countries now emerging from the
Asian recession and a general upturn in the oil and gas industry, Asia and
Australasia will play a bigger role in the supply of gas and petroleum products
to a worldwide market. With the predicted growth in Asia, Seatronics is planning
to expand further in the area, employing more staff and extending the work
of the Singapore office to other markets.
Contact David Currie
for more information. |
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| Global
Marine Reaches Settlement In Transocean Sedco Forex Dispute |
Global Marine
Inc. (NYSE:GLM) announced today that a settlement has been reached between
Global Marine Drilling Company and a subsidiary of Transocean Sedco Forex
with respect to a bareboat charter for the drilling rig Glomar Grand Banks.
Under the terms of the settlement, Transocean Sedco Forex will pay Global
Marine $67.5 million in cash and waive its claim against Global Marine of
approximately $2.0 million.
Global Marine assumed
rights to the bareboat charter with Sedco Forex at the time Global Marine
acquired ownership of the rig in 1997. Sedco Forex subsequently merged with
Transocean Offshore and became Transocean Sedco Forex. At issue in the dispute
were 1) the date of termination of the charter, 2) the condition of the rig
upon return to Global Marine, and 3) Transocean Sedco Forex's liability to
pay additional dayrate. Full details at:
http://www.glm.com/invest/press_releases/001201pr.htm
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| Drilling
Record Set In Venezuela, December 4, 2000 |
A world record
for drilling with a 12 ¼-inch bit was set by Venezuela's Sincor heavy
crude project, in which Statoil has a 15 percent interest. The bit was used
to deviate eight well paths from vertical to horizontal over a total length
of 16,805 feet, compared with a previous record of 12,015 feet. Officials
said new technology has been adopted for direct transfer of downhole data
to geological simulation modules. This gives everyone involved access to
updated information via an intranet, with opportunities to take quick decisions
while drilling ahead.
Full details at:
http://www.oilonline.com/news2/news_international_hotline_dr120400.html |
| |
| Veritas
Publishes Latest 'Seismic Observer' Newsletter |
Veritas
DGC publishes a quarterly magazine detailing the Company's latest activities
and technological advances around the world. "The Seismic Observer" is a
12-page, full-color newsletter published approximately each February, May,
August and November.
The magazine can
be read online or can be received for FREE either in hard-copy form delivered
by snail-mail, or in PDF format sent to you by e-mail. The Seismic Observer"
is published and distributed quarterly by Veritas DGC Inc. for the benefit
of its employees, clients and suppliers worldwide.
Click here to download
the PDF file (large file!) or
click
here to subscribe via e-mail or snail-mail. |
| |
| Baker
Hughes, Schlumberger Finalize Seismic Deal |
Oilfield service
giants Schlumberger Ltd. and Baker Hughes Inc. merged their industry-leading
seismic divisions into a streamlined entity Thursday. Schlumberger (NYSE:SLB
- news) owns 70 percent of the newly created venture, called Western GECO,
with Houston-based Baker Hughes (NYSE:BHI - news) holding the remaining share.
Schlumberger, with dual headquarters in Paris and New York, paid $500 million
to Baker Hughes, which is being used to pay down debt.
The two firms decided to merge their seismic fleets and other assets last
May to cut costs and wring savings from that crucial segment of the exploration
business, which had been suffering from excess capacity. At the time of the
announcement, the seismic divisions were the largest two in the world.
The merger still awaits regulatory approval in the United Kingdom.
The former president of Western Geophysical, Gary Jones, will head the new
company.
For the full press release, please,
click here |
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| Iraq
To Resume Oil Exports |
BAGHDAD: Iraq
announced on Sunday it will resume exporting its crude to fulfil contracts
already signed under the UN approved oil-for-food deal. The announcement
was made by oil minister Amer Mohammed Rashid in a press conference called
after Iraq stopped pumping oil Friday. "The Iraqi oil policy has been always
aimed at stability of the world oil market. Iraq has absolutely no intention
to terminate or hinder the exports of its crude in the world market," Rashid
said !
Full press release at:
http://www.timesofindia.com/041200/04inte1.htm. |
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