Colt Industries' Fairbanks Morse -Engine Division of Beloit, Wis., has received an order for four diesel engines that will supply all of the electrical power for a huge offshore drilling rig;—the Ocean Ranger. The engines will be built for Ocean Drilling and Exploration Co.
Mobil Oil Canada, Ltd., has been active in the eastern Canadian offshore exploration drilling since 1967, principally in the vicinity of Sable Island and on the Eastern Grand Banks. In the early 1970s, these exploration drilling activities led
Lenders faced a competitive and sluggish commercial loan market in 1993 and are looking at a number of industries, including marine, to generate higher commercial loan volumes. More lenders are doing marine deals today compared to five years ago,