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Tag: oil rigs
VIDEO: Singapore's mothballed oil rigs
2015-02-24 01:20:16| BBC News | Business | UK Edition
In Singapore increasing numbers of oil rigs are being mothballed due to the falling price of oil.
Hedge Funds Raise Bullish Oil Bets as Drillers Idle Rigs: Energy
2015-02-23 16:27:41| Oil & Gas - Topix.net
Hedge funds and other money managers increased net-long positions in West Texas Intermediate crude by 2.7 percent in the week ended Feb. 17, U.S. Commodity Futures Trading Commission data show. Futures rose 7 percent in the report week as companies including Total SA and Apache Corp. said they would cut spending and drill less.
Number of Oil and Gas Rigs Hitting Lowest Point
2015-02-21 21:51:57| Oil & Gas - Topix.net
Cause for pessimism persists in Wyoming's oil industry, which had been booming until oil prices began to fall toward the end of last year. The number of drilling rigs exploring for oil and gas in Wyoming reached its lowest point in almost five years this week.
Decommissioning Indonesias oil rigs: a vast but challenging market
2015-02-19 01:00:00| Offshore Technology
Indonesias oil rig decommissioning market has huge potential with over 450 oil rigs, many already 20 years old, set to be dismantled in the near future. However, outdated contracts and a lack of legislative guidance and clarity means the market has
Tags: market
oil
vast
challenging
BHP cuts shale rigs on oil collapse
2015-01-21 11:58:51| BBC News | Business | UK Edition
The falling oil price has forced the world's biggest miner BHP Billiton to cut its US shale oil operation by 40%.
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