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Offshore Oil Rig Article

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Latest Offshore Oil Rig News

offshore oil rig

Merrill Lynch Downgrades Oil & Gas Equipment/Services Stock Baker Hughes (BHI) Appoints Derek Mathieson Chief Technology and Marketing Officer Baker Hughes Appoints Mathieson Vice President and Chief Technology and Marketing Officer Baker Hughes to ...

Merrill Lynch Downgrades Oil & Gas Equipment/Services Stock - StreetInsider.com

DUBAI, Nov 27 (Reuters) - Oil service stocks have taken a hit as crude prices slump and the economy slows, but UAE-based Lamprell expects no slowdown in drilling plans in the world's top oil exporting region. U.S. crude has fallen nearly $100 to ...

UAE oil rig firm sees drilling as usual despite crisis - Forbes

SINGAPORE, Nov 27 (Reuters) - Keppel Corp (KPLM.SI: Quote , Profile , Research , Stock Buzz ), the world's top offshore oil rig builder, warned on Thursday that three clients may cancel orders worth S$1.2 billion ($794.2 million), a sign companies ...

UPDATE 1-Keppel says clients may cancel orders worth S$1.2bln - Reuters

The current global credit crisis and an over 63 per cent fall in crude oil prices in the last four months have resulted in oil companies drilling fewer wells in offshore areas. This has increased the availability of rigs across the world and helped ...

Rig rates down by 10 per cent - Business Standard

MUMBAI: As crude oil prices continue their decline, new contracts for drilling rigs are also expected to be revised downwards. Drilling rigs, used for offshore oil drilling activities, have been on a trajectory for the last three years on the back of ...

Rig contracts get cheaper on renewal - Daily News and Analysis

The company posted uninspiring results in the preceding two quarters due to changes in accounting of gains and losses in foreign exchange (forex). The company entered into port management and other related services via acquisition of a couple of ...

World scrambles for falling crude oil production - Economic Times

Petroceltic International plc announces that a Letter of Intent (LOI) has been signed with German drilling contractor KCA Deutag ("KCA") for their Nomad class drilling rig "T-212". The LOI authorises KCA to immediately mobilize the rig from Germany ...

Petroceltic Secures Drilling Rig for Seven Well Programme in Algeria - Oilvoice.com

Dec 1 (Reuters) - Leed Petroleum Plc, an oil and gas exploration and production company focused on the Gulf of Mexico, said on Monday the Eugene Island A-8 well encountered commercial hydrocarbons in the two primary well targets, and the company's ...

Leed Petroleum says finds commercial hydrocarbons - Forbes

SINGAPORE (Reuters) - Shares of Singapore's Keppel Corp (KPLM.SI: Quote , Profile , Research ), the world's largest oil rigbuilder, tumbled as much as 14 percent on Friday after the firm warned on Thursday three customers may cancel orders worth S$1 ...

Keppel, SembMarine fall after warning on rig orders - Reuters UK

Like a hamster trapped on a wheel, the International Energy Agency’s 2008 World Energy Outlook paints a depressing picture of an oil industry having to run faster and faster just to keep pace with burgeoning oil demand over the next 20 years ...

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