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Long-Term Preservation Lay-Up and Mothballing of Installed Equipment on Drilling Rigs and Platforms
2015-01-22 11:00:00| Offshore Technology
Corrosion Solutions Ltd (CSL) specialises in the preservation of equipment and systems. Since 1998, our company has been working worldwide on projects such as lay-up and mothballing of drilling rigs, FPSOs and onshore facilities. All of this to ensur
Tags: equipment
installed
platforms
preservation
Spain Mulls Fracking After Offshore Drilling Comes Up Dry
2015-01-22 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Christian Science Monitor: A highly controversial oil project that Spains national government had pinned its hopes on was just cancelled. Spanish oil giant Repsol has decided to call off drilling near the Canary Islands, a small chain of Spanish-controlled islands off the coast of Morocco. While oil companies across the globe are slashing capital expenditures and scrapping rigs because of low oil prices, Repsols divisive campaign to drill off the coast of Canary Islands suffered from a different problem. Despite what was...
Lundin Petroleum begins 26/10-1 exploration well drilling in Norway North Sea
2015-01-21 01:00:00| Offshore Technology
Lundin Petroleum subsidiary Lundin Norway has commenced the drilling of the 26/10-1 exploration well in the Zulu prospect of the North Sea.
CanElson Drilling cuts capital budget by 80%, reduces dividend by half
2015-01-19 21:23:11| Energy - Topix.net
CanElson Drilling Inc. says it will reduce its quarterly dividend by 50 per cent, defer the completion of three new drilling rigs, and reduce its capital budget by 80 per cent as a result of low crude oil and natural gas prices. The Calgary-based company says activity remains relatively strong its expects both activity and pricing levels to decline in 2015 in response to what appears to be a prolonged decline in global oil prices.
CanElson Drilling cuts capital budget by 80%, reduces dividend by half
2015-01-19 21:03:22| Oil & Gas - Topix.net
CanElson Drilling Inc. says it will reduce its quarterly dividend by 50 per cent, defer the completion of three new drilling rigs, and reduce its capital budget by 80 per cent as a result of low crude oil and natural gas prices. The Calgary-based company says activity remains relatively strong its expects both activity and pricing levels to decline in 2015 in response to what appears to be a prolonged decline in global oil prices.
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