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With Contracts Canceled and Debts Mounting, Offshore Oil Drillers Face Another Shakeout

2020-06-24 16:07:00| OGI

The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms.

Tags: face oil contracts mounting

 

US Grant Royalty Cuts for Struggling Offshore Drillers

2020-06-11 11:20:00| OGI

Offshore oil and gas drillers and lawmakers representing U.S. Gulf Coast states lobbied aggressively for broad cuts to the rate companies must pay on their operations.

Tags: grant cuts offshore struggling

 
 

Analysis Shows Offshore Drillers on Path Toward Restructuring, Consolidation

2020-06-03 18:51:48| OGI

More challenging years are ahead for the offshore drilling sector as E&P spending slows, energy intelligence firm says.

Tags: shows analysis path consolidation

 

US Proposal Would Allow Oil, Gas Drillers to Delay Royalty Payments

2020-05-28 20:36:26| OGI

Details of the proposal were not available.

Tags: gas oil payments delay

 

US Cuts Royalties for Hard-hit Oil, Gas Drillers

2020-05-21 19:55:05| OGI

The U.S. Bureau of Land Management (BLM) approved royalty rate cuts on at least 76 federal drilling leases in the state of Utah in recent weeks, according to the database.

Tags: gas oil cuts royalties

 

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