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Seadrill Partners Safe From Oil Downturn
2015-01-07 19:49:28| Oil & Gas - Topix.net
Seadrill Partners LLC has been formed by Seadrill Limited , which is one of the world's largest international offshore drilling contractors to own, operate and acquire offshore drilling rigs. Most of Seadrill Partners' oil rigs are under long-term contracts with major oil companies such as Chevron , Total , BP and Exxon Mobil .
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downturn
Seadrill Partners Safe From Oil Downturn
2015-01-07 09:18:55| Chemicals - Topix.net
Seadrill Partners LLC has been formed by Seadrill Limited , which is one of the world's largest international offshore drilling contractors to own, operate and acquire offshore drilling rigs. Most of Seadrill Partners' oil rigs are under long-term contracts with major oil companies such as Chevron , Total , BP and Exxon Mobil .
Tags: partners
safe
oil
downturn
Plunging Oil Prices Trigger Economic Downturn in Fracking Boom Town
2015-01-03 16:21:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: When fracking and horizontal drilling made the oil embedded in North Dakotas underground Bakken shale formation accessible for extraction, it touched off something akin to a gold rush in the state. Oil production has grown 600 percent in the last decade. Small towns, called man camps, have sprouted with growing populations of oil field workers, bringing both increased economic activity and employment and increased crime and social problems such as sexual assaults. But plummeting oil prices...
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oil
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.
REFILE-Few big US land drillers set to ride out oil downturn as winners
2014-12-19 19:32:26| Oil & Gas - Topix.net
Large U.S. onshore drilling firms that operate new, faster rigs are best placed to weather the looming downturn brought by slumping crude prices and could gain market share from smaller drillers with considerable debt and outdated equipment. Analysts say companies with considerable debt such as Nabors Industries Ltd and small private firms with less efficient rigs will scramble to keep them in operation.
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