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Tag: drillers
US Drillers Cut Oil, Gas Rigs to Historic Low
2020-05-08 19:33:56| OGI
The rig count, an early indicator of future output, fell by 34 to a record low of 374 in the week to May 8, according to data from energy services firm Baker Hughes Co. going back to 1940.
US Drillers Cut Oil Rigs for Seventh Consecutive Week
2020-05-01 19:25:45| OGI
Drillers cut 53 oil rigs in the week to May 1, bringing down the total count to 325, the lowest since June 2016, energy services firm Baker Hughes Co. said in its weekly report.
Tags: week
cut
oil
consecutive
Rig Cancelations, Market Conditions Bring Pain for Offshore Drillers
2020-04-30 17:43:48| OGI
Demand for rigs of all types is dwindling in several offshore oil and gas regions with contracts being canceled or suspended.
Tags: conditions
market
bring
pain
Drowning in Crude, US Drillers Say Trump Strategic Reserve Plan is No Lifeline
2020-04-23 16:10:21| OGI
Logistical issues and doubts about maintaining the quality of the oil make producer skeptical of the plan.
Tags: no
plan
reserve
strategic
Analysts: Offshore Drillers Face Possible Restructuring Due to Coronavirus-Oil Crisis
2020-04-14 18:00:00| OGI
Offshore drillers could lose a total of about $3 billion in revenue during the next two years due to canceled contracts, Rystad Energy says.
Tags: due
face
crisis
offshore
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