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Decommissioning Indonesias oil rigs: a vast but challenging market

2015-02-19 01:00:00| Offshore Technology

Indonesias oil rig decommissioning market has huge potential with over 450 oil rigs, many already 20 years old, set to be dismantled in the near future. However, outdated contracts and a lack of legislative guidance and clarity means the market has

Tags: market oil vast challenging

 

Oil Bears Miss Biggest Rally Since ?12 as Rigs Withdraw: Energy

2015-02-02 23:51:15| Energy - Topix.net

Money managers cut net-long positions in West Texas Intermediate crude for a second week in the seven days ended Jan. 27, boosting short wagers to the highest level since 2010, U.S. Commodity Futures Trading Commission data show. Three days later, Baker Hughes Inc. said drillers pulled 94 rigs from U.S. fields in a single week, the most on record, driving crude prices to their biggest gain since June 2012.

Tags: energy miss oil biggest

 
 

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

 

BHP cuts shale rigs on oil collapse

2015-01-21 11:58:51| BBC News | Business | UK Edition

The falling oil price has forced the world's biggest miner BHP Billiton to cut its US shale oil operation by 40%.

Tags: oil collapse cuts bhp

 

New Fraste Drilling Rigs at Geofluid 2014

2015-01-13 11:30:50| Industrial Newsroom - All News for Today

Fraste exhibits at the recent edition of Geofluid 2014: more and more close-knit team, new visitors and very interesting drilling rigs. The recent edition of Geofluid 2014 has been for Fraste an excellent and very interesting opportunity for the staff, customers and friends who every day are part of the world of...

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