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Tag: drilling
Tax credits for oil, gas drilling cost state $321M
2013-07-11 03:13:31| Oil & Gas - Topix.net
Oklahoma finance officials say major tax breaks handed out to the oil and gas industry during the economic downturn in 2010 cost the state $321 million last fiscal year.
Wison secures contract to build 3,000hp modular drilling rig in Gulf of Mexico
2013-07-11 01:00:00| Offshore Technology
Wison Offshore & Marine, the upstream oil and gas division of the Wison Group, has secured a contract from China Oilfield Services (COSL) to construct a new 3,000hp modular drilling rig.
Tags: build
mexico
contract
gulf
Petrel Energy to commence drilling on Uruguay shale basin
2013-07-11 01:00:00| Hydrocarbons Technology
Australia-based Petrel Energy has announced plans to begin testing for oil and gas potential at the 3.5 million acre Norte Basin in Uruguay in August.
Tags: energy
uruguay
commence
basin
Offshore drilling services market to reach $121.1bn by 2018, says report
2013-07-11 01:00:00| Offshore Technology
The offshore drilling services market is expected to grow from $73.1bn in 2013 to $121.1bn by 2018, growing at a compounded annual growth rate (CAGR) of 10.6%, according to a new report published by market research and consulting firm, MarketsandMark
Tags: services
report
market
reach
Cuadrilla reveals plan to expand Lancashire shale gas drilling
2013-07-08 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: Shale gas developer Cuadrilla has revealed how it plans to step up its operations in the north of England, following the recent publication of government estimates suggesting the region contains significantly more gas reserves than originally thought. The company, which recently secured a deal that saw energy giant Centrica take a stake in the firm, issued a statement late last week confirming that it intends to apply for planning consent to begin fracking operations at its existing exploration...
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