Deep Down Inc. (DPDW.OB) Acquires Floatation Technologies Inc. and Two $9.0 Million Pending Contracts
The continuing ruckus about opening offshore drilling to the continental shelves of US coasts may be a good sound bite, but it is only that to those who are getting the job done in the Gulf of Mexico and around the world. In many respects, the offshore drilling of oil and gas is like an iceberg. Only the smallest part of the operation is visible on the surface - or the rig. The sea floor is where most of the action takes place, as drilling gets underway with small spider-veins of piping, and tie-back and flotation devices marking the sea…