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Guilin Tourism Corp Ltd China.
Hanatour Japan Co Ltd Japan. Hanatour Service Inc South Korea. Helloworld Travel Ltd Australia. Hiolle Industries SA France. Holding Varna AD Bulgaria.
Hub Group Inc United States. Innovia Group Holding 3 Ltd.
Interlink Plus Inc United States. International Travel House Ltd.
Janco Holdings Ltd Hong Kong. Jiangxi Ganyue Expressway Co.
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Jungfraubahn Holding AG Switzerland. Karambunai Corporation Berhad Malaysia.
Lotte Tour Development Co. Memories Group Ltd Singapore.
Modetour Network Inc South Korea. Monaker Group Inc United States. Nippon Express Co Ltd Japan.
Oebb Infrastruktur AG Austria. Open Door Inc Japan. Phoenix Tours International, Inc.
Taiwan, Republic of China. Radiant Logistics Inc United States. Railcare Group AB Sweden.
Rainbow Tours SA Poland. Sanbumi Holdings Berhad Malaysia. New York, New York, U.
Earthquake Engineering, Shandong, P. Environment China, Jiangsu, P. Geology China, Hebei, P.
Land Resources China, Shandong, P. Science Technoloy, Beijing, P.
Organic Geochemistry, Guangzhou, P. Natural History, New Mexico, U.
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Arctic Research, Virginia, U. Army Corps of Engineers, Florida, U. Bureau of Land Management, Oregon, U. DoE, West Virginia, U.
Texas-Pan American, Texas, U. CA Berkeley, California, U.
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CO Arvada, Colorado, U. CO Boulder, Colorado, U. HI Hilo, Hawai'i, U.
HI Honolulu, Hawai'i, U. Many service companies went bankrupt or were swallowed up by stronger rivals.
During this decade-long lean period, offshore drilling rigs in operation declined precipitously, from more than 1, in the early s to around In this way the parent company hoped to transform itself from a diversified pipeline company into an exploration and production company. The newly independent Sonat Offshore, as a result of the offering, tradestation options levels a clean balance sheet and money in the bank, and was well positioned to weather an ensuing decline in gas prices.
Moreover, the company's emphasis on deepwater oil drilling also would prove to sedco forex international inc vietnam a wise strategy.
It was recognized that the most desirable energy plays that remained in the world resided under great depths of ocean. Although the technology existed to tap these deposits, only until oil prices reached a certain level would it become economical for a company like Sonat Offshore to invest in a internatoonal generation of drill ships.
The cost of such rigs was so high that only large companies were able to afford them.
There were other reasons why consolidation among offshore drilling contractors became desirable in the mids. It would likely bring pricing discipline to a highly fragmented industry, in which the top three companies served just 27 percent of the market.State Bank of Vietnam - Vietnamese Dong USD Rate News Showing 46/47 Cents
A small drop in the price of gas or oil could result in a major decrease in day rates. Clearly, companies could not intetnational to achieve long-term health by simply building more rigs to expand their business.
Growth had to come by acquiring existing rigs, to gain some leverage with producers. With fewer but larger contractors in the industry, the addition of veitnam rigs would hopefully become more of a rational and systematic process.
In addition, larger players could operate more efficiently around the world, with rigs strategically positioned to save on moving charges while building a more diversified customer base. Transocean ASA had been created in the mids when a Norwegian sedco forex international inc vietnam internagional entered the semisubmersible business, then later consolidated with a number of other companies.
Because of its large North Sea operations, Transocean ASA was considered a prize catch, one that would automatically make the buyer into the unquestioned leader in deepwater drilling. The deal became effective in Septemberand Sonat Offshore changed its name to Transocean Offshore.
Rising oil prices, in the meantime, benefited offshore drilling contractors. The chairman of Transocean Offshore, J.
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Michael Talbot, concluded that the trend could continue sedco forex international inc vietnam as long as 20 years and made a commitment to expand on the company's fleet. With long-term contracts with oil companies in hand, Transocean Offshore began the development of a new generation of massive drill ships, featuring the latest in technological advances, and designed to drill to 10, feet, as opposed to the 3,foot capacity of the drill ships built in the mids.
The first ship, the Discoverer Enterprise, would be feet in length with a derrick that stood feet high. It could sleep and carrybarrels of oil and gas.
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