GLG News by Offshore Service Vessel Contractors

Large, complex projects that require years of forward planning won't be effected by temporary high's or low's in the price of crude oil.

High levels of drilling activity will keep demand for ROV's high. Drop in oil price is unlikely to effect long term demand

Subsea contractor Superior Offshore is selling off assets in a bid to avoid bankruptcy. Meanwhile lawsuits are flying along with allegations of mismanagement, insider trading and stock fraud.

Petrobras is to be applauded for its forward thinking and advanced planning.

While Chevron, ExxonMobil and the government of Newfoundland are bogged down in protracted negotiations over the Hebron offshore oil project Husky Energy(TSX:HSE) is forging ahead with it's North Amethyst oil development.

Acergy S.A. has secured over $1 billion in susbsea contracts this year.                                    Outlook for subsea...

A recent study forecasts that nearly $25 billion will be spent annually in deepwater capital expenditure by 2012. Subsea contractors are gearing up and looking ahead to a period of continued growth.

The technical challenges involved in the harvesting of deep underwater timber are considerable. The costs of overcoming these challenges may well exceed the value of the timber being harvested.