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Fall in number of oil rigs drilling in US speeds up
2016-02-06 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Financial Times: The decline in the number of rigs drilling for oil in the US accelerated sharply this week, as companies adjusted to the latest slump in the price of crude. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/48d9ee2a-cc52-11e5-a8ef-ea66e967dd44.html#ixzz3zR2NnGQM Baker...
Hyundai to halt operations at offshore oil rigs manufacturing facility in South Korea
2016-01-25 01:00:00| Offshore Technology
Hyundai Heavy Industries has announced plans to temporarily stop operations at its manufacturing facility for offshore oil rigs in Onsan, South Korea, due to a lack of orders.
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US oil explorers idle rigs for sixth straight week
2015-10-10 03:30:07| Oil & Gas - Topix.net
Drillers in the Permian sidelined 10 oil rigs, reducing the count there to 230, Baker Hughes said. In the Eagle Ford shale formation, the number fell by 2 to 67. Rigs targeting oil in the US fell by 9 to 605, adding to the 61 sidelined in the previous five weeks and extending a five-year low, Baker Hughes said on its website Friday.
US oil rigs drop to lowest in five years
2015-10-03 11:14:28| Oil & Gas - Topix.net
Rigs targeting oil in the US fell by 26 to 614, adding to the 35 sidelined in the previous four weeks, Baker Hughes said. US oil explorers reduced rigs to a five-year low, driving a decline in domestic production as crude prices hover near $US45 a barrel.
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.
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