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UPDATE 1-U.S. oil drillers add rigs despite crude price collapse-Baker Hughes
2015-07-25 10:33:49| Oil & Gas - Topix.net
U.S. oil producers added 21 oil rigs in the past week, the most in over a year, data showed on Friday, suggesting that drillers were moving more aggressively than expected, just before crude prices' latest dive down. Oil producers, who cut rigs in the face of falling prices late last year, began to add rigs back in the week ending July 2, oil services company Baker Hughes Inc said in its closely followed report.
Argentine court orders seizure of Falklands/Malvinas 'illegal' oil drillers' assets
2015-06-28 08:37:20| Oil & Gas - Topix.net
Argentina has ordered the seizure of assets belonging to foreign drilling companies operating in the vicinity of Falklands / Malvinas Islands, saying they have failed to obtain the necessary permissions from Buenos Aires to conduct exploration. A federal judge in Tierra del Fuego, Lilian Herraez, has ordered authorities to seize the assets of five companies drilling for oil in the Falklands worth $156 mn.
U.S. oil drillers pull 7 rigs, biggest drop since late May - Baker Hughes
2015-06-13 05:53:41| Oil & Gas - Topix.net
The market has been waiting for the slowdown in the rig count to stop as crude prices have rebounded over the past few months, but this week's slowdown showed oil drillers were not yet done cutting the number of rigs. Energy firms pulled another seven rigs from U.S. oil fields this week, the most since late May, oil services company Baker Hughes Inc said on Friday in its closely followed report.
Oilwell drillers Trinidad and CanElson to merge in $505 million deal
2015-06-11 20:03:49| Logistics - Topix.net
Oilfield services companies Trinidad Drilling Ltd. and CanElson Drilling Inc. have agreed to merge in a deal worth $505 million. The merger is intended to save costs and create a more geographically diverse base of operations, according to the companies, as the industry faces major spending cutbacks.
Tags: million
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trinidad
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Oilwell drillers Trinidad and CanElson to merge in $505 million deal
2015-06-11 19:42:59| IT Services - Topix.net
Oilfield services companies Trinidad Drilling Ltd. and CanElson Drilling Inc. have agreed to merge in a deal worth $505 million. The merger is intended to save costs and create a more geographically diverse base of operations, according to the companies, as the industry faces major spending cutbacks.
Tags: million
deal
trinidad
merge
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