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Tag: drilling
Keppel to build new jackup rig for UMW Drilling 8
2014-02-10 01:00:00| Ship Technology
Keppel FELS has entered into a deal with UMW Drilling 8, a wholly-owned subsidiary of UMW Oil & Gas, to construct a new KFELS B class jackup rig for $218m.
Tags: build
drilling
rig
keppel
RBC Capital Lowers Diamond Offshore Drilling Price Target to $50.00
2014-02-09 00:59:04| Oil & Gas - Topix.net
RBC Capital's target price would indicate a potential upside of 8.53% from the stock's previous close.
Tags: price
capital
target
diamond
Melting Sea Ice Makes Arctic Drilling a Risky Business
2014-02-05 20:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Central: Sea ice melting partly because of human-caused climate change could open previously inaccessible Arctic Ocean waters to expanded oil drilling, but the risks of drilling there will be extremely high. As sea ice melts in the Arctic, the oil and gas industry has expressed new interest in drilling offshore and is expected to invest roughly $100 billion there by 2023, according to a new paper from the Woodrow Wilson Center, a Washington-based think tank. The paper highlights an agreement between ExxonMobil...
BP rules out UK shale gas drilling for now
2014-02-04 20:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: BP has ruled itself out of drilling for shale gas in the UK, at least for now indicating it fears its damaged safety record from the Gulf of Mexico spill would make it a target for protesters. Bob Dudley, chief executive of the oil group, claimed BP invented the technique of fracking, or hydraulic fracturing, in the 1940s. Despite being involved in shale fracking in North America and elsewhere, Dudley said BP would not get involved in Britain. "We think we would attract the wrong kind of...
North Atlantic Drilling to purchase two GE BOP control systems
2014-02-04 01:00:00| Offshore Technology
North Atlantic Drilling, an offshore drilling contractor, is set to purchase two GE oil and gas blowout preventer (BOP) control systems.
Tags: control
north
systems
purchase
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