<PAGE>

                                                                    EXHIBIT 99.1


[Global Marine Inc. Logo] NEWS RELEASE

GLOBAL MARINE INC. 777 N. ELDRIDGE PKWY., HOUSTON, TX 77079-4493
(281) 596-5100 FAX (281) 596-5163

       Contact Information:   Investors: Michael Dawson
                                         (281) 596-5809

                              Media:     Stephanie Price
                                         (281) 596-5816


          GLOBAL MARINE COMPLETES HART-SCOTT-RODINO ANTITRUST REVIEW

HOUSTON, September 28, 2001 - Houston-based offshore drilling contractor Global
Marine Inc. (NYSE:GLM) announced today that early termination of the Hart-Scott-
Rodino antitrust review filing period was granted.  This is one of the
regulatory approvals required before the Global Marine/Santa Fe International
Corporation (NYSE:SDC) merger can be consummated.

In addition, Santa Fe International filed a Form S-4 registration statement with
the Securities and Exchange Commission that includes the joint proxy statement
of both companies.  The Form S-4 can be accessed on Global Marine's website at
www.glm.com

Houston-based Global Marine is a premier international offshore drilling
contractor with one of the industry's youngest, most diversified and
technologically advanced drilling fleets.  The company's premium mobile drilling
units include jackups, semisubmersibles and dynamically positioned ultra-
deepwater drillships.  In addition, the company is the world's leading provider
of drilling management services, including turnkey, project management and
daywork drilling.

                                     # # #

ADDITIONAL INFORMATION

In connection with their proposed merger, Global Marine Inc. and Santa Fe
International Corporation filed a preliminary joint proxy statement/prospectus
with the Securities and Exchange Commission on September 27, 2001.  INVESTORS
AND SECURITY HOLDERS
<PAGE>

ARE URGED TO CAREFULLY READ THE FINAL JOINT PROXY STATEMENT/PROSPECTUS REGARDING
THE PROPOSED TRANSACTION (WHEN AVAILABLE), BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION. Investors and security holders may obtain a free copy of the final
joint proxy statement/prospectus (when available) and other documents containing
information about Global Marine Inc. and Santa Fe International Corporation,
without charge, at the SEC's web site at www.sec.gov. Copies of the final joint
proxy statement/prospectus and the SEC filings that will be incorporated by
reference in the final joint proxy statement/prospectus may also be obtained for
free by directing a request to either: Investor Relations, Global Marine Inc.,
Michael R. Dawson, Phone: 281-596-5100, Fax: 281-596-5163, or Investor
Relations, Santa Fe International Corporation, Richard Hoffman, Phone: 972-701-
7950, Fax: 972-701-7737.

PARTICIPANTS IN SOLICITATION

Global Marine Inc. and Santa Fe International Corporation and their respective
directors and executive officers may be deemed to be participants in the
solicitation of proxies from their respective stockholders in connection with
the proposed merger.  Kuwait Petroleum Corporation may also be deemed to be a
participant in the solicitation.  Information concerning Global Marine Inc.'s
participants in the solicitation is set forth in Global Marine Inc.'s Current
Report on Form 8-K that was filed with the Securities and Exchange Commission on
September 4, 2001, and information concerning Santa Fe International
Corporation's and Kuwait Petroleum Corporation's participants in the
solicitation is set forth in Santa Fe International Corporation's Current Report
on Form 8-K that was filed with the Securities and Exchange Commission on
September 4, 2001.