Maritime Reporter, March 1997

<BODY> <div> For the thousands of people who work, live and play on the water, life has just gotten a lot safer. NightSight takes the danger out of navigating at night by letting you clearly see people, ships and obstacles from up to 2400 feet away — or NIGHTSIGHT " tW!Ce as as previous generation. Call us at Thermal Imaging Solutions /.-800-681-8850 (U.S.) Or 972-995-7511 (lilt.) and See what you've been missing. Tl NIGHTSIGHT. BETTER BY FAR. EXAS :UMENTS Datamarine Introduces New LINK Deep System Now presenting the best way to see if THE COAST IS CLEAR Schlumberger Records Earnings, Remains Bullish Schlumberger Limited reported that net income for 1996 was $851 million, 29 percent higher than the prior year. Operating revenue of $8.96 billion represented an 18 percent increase compared with the previous year, a record level for the company. Oilfield Services made substan- tial gains in the fourth quarter, helping to drive the company's income and revenue. Oilfield Services recorded a revenue increase of 32 percent, while rig count rose 11 percent. The compa- ny attributes a portion of this suc- cess to technological developments, particularly in the emerging deep- water markets. "In the fourth quarter of 1996, growth in each of our Oilfield Services businesses continued to accelerate," said Chairman and CEO Euan Baird. "Due to the robust spending plans in explo- ration and production, which have already been announced by many of our clients, we are confident that our oilfield results will continue to strengthen in 1997." In North America, the rig count jumped 17 percent, and revenue grew 29 per- cent, representing 18 percent of consolidated revenue. Operating income almost quadrupled. Activity increased most signifi- cantly in the Gulf of Mexico and Canada. Outside N.A., rig count grew four percent, and revenue was up 32 percent, representing 51 percent of consolidated revenue. Datamarine released an upgrad- ed version of its LINK Offshore Instrumentation system. It is now available in two versions: LINK and LINK Deep. LINK comes with a 400-ft. (equivalent meters or fathoms) maximum depth range and operates at 200 kHz. LINK Deep comes with a 1,000 ft. (equiv- alent meters or fathoms) maxi- mum depth range and operates at 120 kHz. Although LINK Deep has higher performance in the maximum depth range, it is impor- tant to note significant perfor- mance improvement in the shallow depth range regardless of bottom type. For more information from Datamarine Circle 30 on Reader Service Card March, 1997 51 www.ti.com/thermal Coastal's Gulf Business Tripled In 1996 Coastal Corp. announced that in 1996, its exploration and produc- tion (E&P) subsidiaries more than tripled the company's past daily production levels of oil and gas from the Gulf of Mexico. Cat 3406E Gets Significant Power Boost Caterpillar's Engine Division introduced a new, totally electronic Cat 3406E marine diesel engine for workboats, at ratings from 450 to 800 bhp (336 to 800 bkW). The company reports a 38 per- cent power boost over previous 3406s, with excellent acceleration response, load absorption charac- teristics, smoke limiting features Circle 331 on Reader Service Card </div> <span id="lblContents"></span> <br /> <br /> <a href="http://www.digitalwavepublishing.com/" title="Digital Magazine">Digital Wave Publishing</a> </BODY>