Page 118: of Maritime Reporter Magazine (June 1999)

EXXON

Exxon states that in 1998 it operated in a difficult busi- ness environment.

However, careful management of its asset portfolio and a vigorous drive to control costs per- mitted Exxon to achieve its fourth-highest net income in history: $64 billion-resulting in a return on capital employed of 12 per- cent. According to Exxon, shareholder return, including reinvested dividends, reached 22 percent, well above the average of the other international oil companies. The company has also increased their capital spending from $8.8 billion in 1997, to $10 billion in 1998 in order to take advantage of attractive investment opportunities. Exxon has one of the largest portfolios of proved reserves and production in the United States, and is Malaysia's largest oil producer and the largest supplier of natural gas to Peninsular

Malaysia. The company has exploration or production operations on every continent except Antarctica.

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Aker Maritime

Aker Maritime is an international group with its head office in Norway and employs approximately 15,000 people in more than 20 countries. The group, along with its sub- sidiaries, handles a degree of maritime mar- ket operations; building and installing oil

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The "CAN DO" Companies

Serving all your needs since 1965 with old fashion values and tomorrow's technology

Phone: 504-835-8531

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Z ITO COMPANIES

Huey P. Long Bridge Fleet, Inc.

Intercoastal Barge Cleaning, Inc.

Intercoastal Marine Repairs, Inc.

Intercoastal Repair Service, Inc.

Zito Fleeting, Inc.

Zito Towing, Inc.

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THE SOURCE ~~ T| o The Measure of Success ...

For Peak Precision, Tune While Measuring

Use data displayed by our DPA Repeater unit to make timing adjustments on the spot as cylinder measurements are taken. This hand-held box is hardwired to the PC housing the DPA monitoring system, so there's no need to download data after walking the engine. And a single operator can run the entire system!

There's no better way to maximize engine efficiency while minimizing man-hours. Value like that can't be beat. For information, contact your local Drew Marine representative or direct to: One Drew Plaza, Boonton,

NJ 07005 USA Tel: (973) 263-7600 Fax:(973)263-4491

E-mail: [email protected]

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DREW

MARINE DIVISION

Ashland Chemical

Ashland Chemical Company

Division of Ashland Inc. and gas production solutions on the

Norwegian conti- nental shelf, provid- ing drilling equip- ment for ships and floating production units, constructing and installing pro- duction solutions tailored especially for deep water. The

Group also fabricates, assembles, and com- missions production units, and supplies inte- grated seismic surveys and geological and geophysical services.

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Diamond

Offshore

Diamond Off- shore Drilling Inc., a leading deepwater drilling contractor, owns and operates one of the largest fleets of offshore ^ drilling rigs in the world, including more semi-submersible rigs than any other drilling contractor. The fleet consists of 30 semi-submersibles, 15 jack-ups, and one drillship. Compared to 1997, Diamond Off- shore revenues rose from $956 million to $1,209 million in 1998. The companies net income also increased from $279 million in 1997 to $384 million in 1998.

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CoFlexip

Stena

Offshore

Coflexip Stena

Offshore is the most highly integrated solutions provider in the global sub- sea oil and gas sub- sea industry. The company specializes in all aspects of subsea field development and operations, from engineering to product sup- ply, and including installation, construction and services.

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Aalborg

Industries

J? Nug 9 n 1998

Circle 301 on Reader Service Card 01999 Ashland Inc. ® Registered Trademart of Ashland Inc. ' Registered service mart of Chemical Manufactures Assoc.

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Aalborg Indus- tries provides steam, heat and power to shipyards, shipowners, indus- trial end users, and engine and gas tur- bine manufacturers.

The company continuously seeks to increase its expertise in boiler plant and related com- bustion, heat transmission in its five core business areas: marine boilers, heat recovery steam generators, oil/gas fired boilers, heat exchangers, and inert gas systems. Aalborg

Industries aim is maintaining an absolute market leading position within its selected business areas; offering customers effective global presence and much more.

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