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Tag: drillers
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.
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.
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