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The Tool & Hoist Division of Ingersoll-Rand Co. introduces an advanced air ratchet wrench. The IR1107 3/8-inch wrench has two significant design innovations: a two-speed trigger and an exclusive IR TwinPawl Plus head design, which keeps the parts in alignment. The wrench weighs just 2.5 pounds and has a 360-degree swivel inlet and directional side exhaust. Ingersoll-Rand,A BUYER''S GUIDE OF PRODUCTS FOR THE FARM & HOMEWhy work harder when you can work smarter? Thanks to air tools, it''s possible to get even more work done than before, while using less muscle power.Air (or pneumatic) tools are available in a range of prices. If you consider the price of your time, they''re even more affordable. Some of the same benefits can be achieved with electric tools, but air tools often last longer and run cooler than their electric cousins.

This year''s listing contains 362 jackup units, including existing rigs and announced newbuildings, a decrease of two from last year. The listing excludes: shallow-water units working in inland waters, several rigs of the Former Soviet Union fleet, and those in non-drilling modes. The loss of two rigs results from the deletion of two listings. No additional newbuildings were added.Low crude prices continued to cut offshore operators'' drilling budgets in 1999, as reflected by reduced utilization and dayrates that continued the low levels of late 1998. The U.S. Gulf of Mexico saw rate cuts approaching 50% of early-1998 levels, as did Africa and and Asia. Even the North Sea saw cuts of more than 20%.