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Tag: oil rigs
Oil Drillers Under Pressure to Scrap Rigs to Cope With Downturn
2014-12-24 09:39:41| Oil & Gas - Topix.net
Offshore oil-drilling contractors, who last year were able to charge record rates for their vessels, are now under pressure to scrap old rigs at an unprecedented pace. The recent five-year low in oil prices is threatening an industry already grappling with a flood of new vessels and weakening demand.
Oil Rigs in U.S. Climb as Shale Drillers Face OPEC Challenge
2014-12-06 18:29:00| Oil & Gas - Topix.net
The nation's crude explorers, engaged in a pricing war with the world's largest suppliers, defied predictions of a drilling slowdown and ran the most rigs since mid-November, boosting the U.S. count by three to 1,575, Baker Hughes Inc. said yesterday. Rigs targeting natural gas were unchanged at 344, the Houston- based field services company's website showed.
Tags: face
oil
challenge
climb
China sends four oil rigs to South China Sea amid regional tensions
2014-06-20 14:10:15| Energy - Topix.net
China has sent four more oil rigs into the South China Sea in a sign that Beijing is stepping up its exploration for oil and gas in the tense region, less than two months after it positioned a giant drilling platform in waters claimed by Vietnam.
Tags: south
china
sea
regional
China sends four oil rigs to South China Sea amid regional tensions
2014-06-20 13:26:23| Oil & Gas - Topix.net
China has sent four more oil rigs into the South China Sea in a sign that Beijing is stepping up its exploration for oil and gas in the tense region, less than two months after it positioned a giant drilling platform in waters claimed by Vietnam.
Tags: south
china
sea
regional
Venezuela's government seizes Texas-company-owned oil rigs
2013-11-02 03:48:35| Oil & Gas - Topix.net
Venezuela is quietly seizing control of two oil rigs owned by a unit of Houston-based Superior Energy Services after the company shut them down because the state oil monopoly was months behind on payments.
Tags: government
oil
rigs
seizes
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