BUSINESS BRIEFS

Pemex Exploration and Production selected Global Offshore Mexico S. de R.L. de C.V to upgrade two pipeline systems in Mexico's Bay of Campeche for approximately $40 million.

Contracts

Pemex Exploration and Production selected Global Offshore Mexico S. de R.L. de C.V to upgrade two pipeline systems in Mexico's Bay of Campeche for approximately $40 million.

Thrustmaster of Texas, Inc. supplied a tunnel thruster to Astro Maritima to enhance maneuver-ability of the Astro Pargo, a 240-ft platform supply vessel working off Brazil.

Offshore Crane Engineering announced a six figure contract with ONGC for the supply of cranes or services.

KCA Drilling Limited was awarded a contract by BP Exploration Limited for the front-end engin-eering design of a platform drilling facility for its Shah Deniz development in the Caspian Sea, Azerbaijan.

ABS Group Inc. was selected by Brazil's Agência Nacional do Petréleo to develop the country's "Operational Safety Regulation for Exploration and Production Operations."

Aker Stord AS in Norway contracted with Bardex Corporation in the US for the hydraulic skidding system on the Norsk Hydro AS Grane platform.

Southern Natural Gas Company entered a transportation agreement with many shippers for 267 MMcf/d to supply natural gas-fired power generation plants in the Southeast US.

Petroleum Geo-Services ASA and Syntroleum Corporation signed a letter of intent for a joint venture to develop, market, and operate mobile marine production facilities.

Phillips Petroleum will provide Flour Corp-oration engineering services for the Bohai Bay Full Field Development Project in the People's Republic of China.

GX Technology and Scott Pickford, the Reservoir Management Division of Core Laboratories, recently formed a preferred partnership to bring together providers to produce geologically calibrated, high fidelity depth images and subsurface description.

Maritime Telecommunications Network has been awarded a three-year contract to provide Oceaneering International with a C-band communications system, including an antenna with a stabilized platform and termination services onboard The Performer.

Mergers & Acquisitions

Kerr McGee will acquire HS Resources, a producer of natural gas, for approximately $1.3 billion in cash and stock.

Bently Nevada Corporation, a lubrication consulting service, acquired National Tribology Services, an oil analysis lab.

PGS Production Services secured 100% shareholding in Joint Venture International, an independently managed joint venture company established by Salamis Marine & Industrial Ltd. and PGS in 1991.

Royal Boskalis Westminister NV made an offer to Hollandsche Aanneming Maatschappij for EUR570 million in cash.

Landmark Graphics Corporation acquired ILEX Technologies, Ltd. in the UK.

Integrated Production Services Ltd. acquired shares of Enhanced Production Services Ltd.

Varco and Tuboscope have merged to create an oilfield services company.

Halter Marine, Inc. announced a letter of intent to construct a 220-ft offshore supply vessel.

Rockwell Automation and Fluor Global Services created a strategic alliance to deliver service and manufacturing solutions to select facilities in North America.

Paradigm Geophysical Ltd. acquired Sysdrill Limited enabling it to provide interpretation and well-log analysis solutions through a directional drilling software.

Companies

The DST alliance, a supplier of seamless tubes, changed its name to Tenaris.

The CGG London Processing and Reservoir Services Centre will relocate to Vantage West, Great West Road, Brentford, Middlesex, TW8 9GG in the UK.

Schlumberger will form the Schlumberger Oil & Gas Information Solutions (SIS) for real-time reservoir management and business optimization.

Triqua BV from the Netherlands, will design, manufacture, test, and deliver a membrane wastewater treatment system to be located on a man-made island in the Caspian Sea.

The OKIOC Consortium tested the Kashagan West 1 well at a rate of up to 3,400 b/d and 7.6 MMcf/d in the Kazakhstan sector of the Caspian Sea.

Friede Goldman Halter, Inc. will sell its Briss-oneau & Lotz Marine subsidiary for $33.5 million.

Sea of Solutions B.V. is a new company specializing in finding new markets and market combinations for offshore contractors and operators.

Oceaneering International, Inc.'s received the 2001 Lantern Award for its Bayou Vista office in Louisiana for achievements and community involve-ment.

Wood Mackenzie completed an in-depth study into the scope and location of future gas demand for the Thailand-Java region.

Shaw Industries Ltd. changed its name to ShawCor Ltd.

Thales GeoSolutions Group Limited re-registered its name among its network of companies from its formal name, Racal Survey.

People

Swift Energy Company announced Terry E. Swift as the re-elected President of the Company and Chief Executive Officer.

Greka Energy Corporation announced Max Elghandour as Chief Financial Officer and William C. Kelleher as Vice President of International Exploration and Production.

Francois Le Verge is the new Director of research center Ifremer in Brest, France.

Charles F. Darden will retire as President and Chief Operating Officer of the International Association of Geophysical Contractors (IAGC).

LOGIC (UK) named Steve Johnson as Supply Chain Adviser.

Nautronix Offshore Technology Group appointed Bob Manson as Business Development Director.

Mustang Engineering, Inc. appointed Dennis Pisula as International Business Development Manager.

Francis R. Powell is the Chief Financial Officer of Grant Prideco, Inc.

Transocean Sedco Forex Inc. re-elected Richard Kinder, Martin McNamara and Alain Roger to the company's board of directors for three-year terms.

The Petroleum Equipment Suppliers Association new officers for the 2001-2002 term are: Loren K. Carroll for Chairman; Sheldon R. Erikson as Vice Chairman; George I. Boyadjieff as First Vice President; J. Wayne Richards as Treasurer; and Christopher T. Seaver as Secretary.

Netherland, Sewell & Associates, Inc. promoted vice presidents Tom Souers, Rick Krenek, and Tom Quigley to NSAI Technical Advisors.

The American Society of Mechanical Engineers Petroleum Division appointed Manny Mones as director of operations.

Records

  • Oceaneering International, Inc.'s multiservice vessel, Ocean Intervention, set distance and depth world records for coiled tubing installation on Mariner Energy's Pluto Project. More than 28.5 miles of 2-in. coiled tubing were installed from the Ocean Inervention at water depths reaching 2,720 ft. The installed pipe allows methanol to be pumped into the existing Pluto well. The project began in the Gulf of Mexico at South Pass 89 on March 29 and was completed at Mississippi Canyon 674 on April 10.
  • Transocean Sedco Forex Inc. set a world record for ultra-deepwater drilling when the Discoverer Spirit drillship spudded an exploration well in 9,687 ft water depth in the Gulf of Mexico for Unocal Corporation.
  • Baker Oil tools performed a horizontal open-hole completion on a subsea well in the Fife field, which now produces at 10,000 b/d of oil for Amerada Hess in the North Sea.

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