Crutcher Amends License Agreement With Brown & Root
Crutcher Resources Corporation, P.O. Box 3227, Houston, Texas 77001, has announced it has signed an amended license agreement with Brown & Root, Inc. on Brown & Root's rights to use CRC's automatic welding system in marine operations.
Don H. Hartmann, president of Crutcher Resources, said the amendments provided for a $200,- 000 minimum annual advance rental per barge and increased rental charges per weld, due to inflationary costs and increasing pipe wall thickness.
Mr. Hartmann said Brown & Root has committed to a six-barge program for 1974, which guarantees the company a minimum revenue stream of $1.2 million from Brown & Root. Crutcher will receive additional rental payments from each barge that generates revenues in excess of the $200,000 minimum advance.
The $1.2-million payment assures Crutcher Resources of an amount equal to approximately 200 miles of welding, which compares to 42 actual miles automatically welded in 1973.
Read Crutcher Amends License Agreement With Brown & Root in Pdf, Flash or Html5 edition of April 1974 Maritime Reporter
Other stories from April 1974 issue
Content
- First Semisubmersible Rig Built On East Coast page: 6
- Dearborn-Storm Completes Sale Of Computer Portfolio page: 7
- 14 LNG Tankers Now On Order Use Gaz-Transport Design page: 8
- Carboline Company Employs Saroyan As Coatings Consultant page: 9
- Shipping Executive Predicts Oil Imports Will Triple In 1970s page: 10
- AIMS Elects Thomas B. Crowley Board Chairman page: 14
- Marathon Launches 47th Rig From Vicksburg Yard page: 18
- Propeller Club Miami Chapter Convention May 1-3 page: 20
- FMC Shipyard Sets Complete Icebreaker-Type Bow On Gas Turbine Powered Tanker page: 22
- Vancouver Shipyards Constructing Largest Building Berth In B.C. page: 26
- Sembawang Shipyard Names Ernest Ware General Manager page: 26
- Crutcher Amends License Agreement With Brown & Root page: 27
- Mobil Oil Retrofits Tankers With Coppus Inert Gas Systems page: 30
- Royal Viking Line Names Oslo Director page: 30
- Ryan & Walsh Form Stevedoring Firm For Mid-Gulf Coastal Area page: 31
- Kings Point Reports Its Scholars Program 'Progressing Well' page: 31
- Mercantile Marine Engineering Building Graving Dock For Large Ships Calling At Antwerp page: 32
- Crichton And Turnbull Named To MacGregor Centrex Board page: 32
- Hellen Speaks On Finland's Future Plans To Compete For Building Of Large Tankers page: 33
- New $30-Million Graving Dock For Electric Boat Division page: 36
- Santa Fe International Reports Earnings Up page: 37
- American-Standard Power And Controls Names Ronald Gaylord page: 38
- President Appoints Adm. Rea Commander Third USCG District page: 38
- SNAME Los Angeles Section Hears Paper On 'Carbon Fiber For Marine Structure page: 39
- FMC Appoints Barkan Director Atlantic District Office page: 39
- British Shipowner Organizations Merge page: 40
- Six Offshore Supply Vessels To Be Built In Rhode Island Yard page: 40
- Lockheed Oil Recovery Device Passes Tests Off California Coast page: 41
- First Offshore Oil Discovery Made In Canadian Arctic Sea page: 42