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Scana Industrier Acquires Moland Automation Norwegian ship automation spe- cialist Moland Automation AS has changed its name to Scana Moland AS, following its acquisition by Scana Industrier ASA in December 1995. Joining the Scana Group, which is listed on the Oslo Stock Exchange, strengthens the compa- ny's prospects in new markets. Scana Moland supplies maneuver- ing/voyage recorders and alarm/monitoring systems. The company's latest product is the Moland MA 100 alarm, moni- toring and control system, which comprises self-contained process- ing units and operator terminals in a redundant, high-capacity data network. For more information on Scana Moland Circle 120 on Reader Service Card Halliburton Earnings Up 35 Percent Halliburton Company announced that 1996 first quarter earnings from continuing operations increased 35 percent. The compa- ny reported that revenues of $1.7 billion were generated for the first quarter, a 30 percent increase over the 1995 first quarter revenues. Halliburton's continuing opera- tions include two business seg- ments: Energy Services and Engineering and Construction Services. Both reported increased 1996 revenues and operating incomes. Halliburton Energy Services' rev- enues climbed 17 percent from a year ago to $663 million for the quarter. At the same time, operat- ing income rose 29 percent to $67.3 million. Revenue growth was attributable to overall strengthen- ing of the upstream oil and gas market. Strongest growth came from Halliburton's North American, European/African and Latin American regions. For Brown & Root — Halliburton's engineering and con- struction business segment — rev- enues increased 42 percent to $998 million for the first quarter. Growth was experienced in all major industries served by Brown & Root. "The strong Halliburton Company first quarter start gives us optimism for significant 1996 full-year progress," said Dick Cheney, the company's chairman of the board and CEO. Halliburton Company is one of the world's largest diversified ener- gy services, engineering, mainte- nance and construction companies. Halliburton Company's Energy Services business segment also announced that it successfully installed a multi-lateral system with full lateral liner connectivity, a hydraulically-isolated lateral junction and full-bore lateral re- entry access. The system, installed June, 1996 for Norwegian operator Norsk Hydro, is reportedly the world's first to provide full-bore re-entry access to the lateral while main- taining the integrity of the main wellbore. The multi-lateral system was installed in Norsk Hydro's Oseberg field, located approxi- mately 120 km west of Bergen in the Norwegian North Sea. The Oseberg C platform was installed in 1988 to drain the northern portion of the field. Norsk Hydro set a specific goal for increasing recoverable reserves from this field. Multi-lateral tech- nology was identified as a means of helping to achieve the goal. Halliburton's Multi-Lateral System 3000 was chosen for the application because of its full-bore access which provides flexibility in running downhole tools, and later- al isolation which enhances pres- sure integrity and increases pro- duction control. Johan Mikkelsen, assistant director in Hydro's Exploration and Production division said, "This multi-lateral system will allow us to increase recoverable reserves economically. The ability to avoid drilling additional wells while maintaining re-entry access to the lateral is very beneficial." Norsk Hydro and Halliburton worked closely throughout the lan- ning, development and execution phases of the project. The success- SHIP-REPAIR, SHIP-BUILDING, MARINE EQUIPMENTS 3,500 kw Z-drive Tug LMIEC Fully-enclosed Life-boat Our corporation is engaged in export of various ships, diesel engines, marine equipments, etc. It has built many oil tankers and freighters for the ship- ping companies for Sweden, Norway, America, etc., using modern advanced technol- ogy in ship designing and building. It is also handling export of big power marine diesel en- gines with cylinder bore 50,60,70,80,90 cm of MC/ MCE series-one of the most advanced low-speed and big power diesel engines in the world, adopting design con- cept and technique of ad- vanced marine main engine. It also undertakes building various fishing boats, life- boats, petroleum drilling plat- forms, ship projects, anchor, anchor chains, marine valves, marine equipments, spare parts, etc. LIAONING LIMENG (GROUP) CO., LTD. LIAONING MACHINERY IMPORT & EXPORT CORP. No.3, Minzhu Square, Dalian, China Telex: 86157 DCMC CN Fax: 0086-411-2637195 Liaison: Song Jun Circle 175 on Reader Service Card THE Bill For mooring or towing, our release hooks can't be beat: H Capacities to 200 tons ® Single- or multiple-hook configurations e Manual or remote release OExplosion- proof and UL-approved (can also be society-certified) e Proof-tested well be- yond rated capacity El Safety locking device included. Call us today for a free brochure. (CUSTOMER SERVICE 24 HOURS A DAY, 7 DAYS A WEEK) 1-800-851-3429 WASHINGTON CHAIN AND SUPPLY, INC. P.O. Box 3645 • 2901 Utah Avenue South • Seattle. Washington 98124 FAX (206) 621-9834 Circle 375 on Reader Service Card WORLD WIDE TRADING SECOND-HAND AND NEW MARITIME/ OFFSHORE EQUIPMENT Delivered with documentation, certificates ISO 9002 • Lifeboats • Nlob. work -boats • Fast Rescue Boats • Davits - ships and rig davits/single arm/liferaft davits • Liferafts • Deck Cranes • Rig Cranes • Helicopter Decks • Winches -diesel/ hydr./electric/air • Power Packs • Anchors • Chains • Reverse Osmosis Plants • Sewage Treatment Plants • Air compressors tunnel thrusters • Accommodation Modules • Firefighting systems • Drilling equipment • Various Maritime / Offshore Equipment NORWEGIAN Upon request we will send you an offer with techinlcal specifications and prices. MARITIME EQUIPMENT Address: Bogsnes Industripark P.O. Box 244, 5460 HUSNES, a NORWAY Phone +47 53 47 95 00 * Fax +47 53 47 34 99 £ Circle 325 on Reader Service Card
