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U.S. rig count declines by 4; Louisiana down 1

2015-11-07 02:32:01| Oil & Gas - Topix.net

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by four to 771. Houston's Baker Hughes said Friday that 572 rigs were seeking oil and 199 explored for natural gas.

Tags: down count louisiana rig

 

Keppel delivers KFELS B Class jackup rig to Arabian Drilling Company

2015-10-29 01:00:00| Offshore Technology

Keppel FELS has delivered a KFELS B Class jackup rig to Arabian Drilling Company (ADC).

Tags: company class delivers drilling

 
 

Underground Coring Rig offers wide drilling angles.

2015-10-27 13:31:06| Industrial Newsroom - All News for Today

Powered by 90 kW electric motor, Model MDR700 features LM™ 700 feed frame delivering 81.4 kN of pullback. Sophisticated articulations with 3 turning points enable users to drill 270° horizontally and vertically up to vertically down. Mobility is optimized with Manitou diesel-powered 4-wheel drive carrier which offers 3 steering modes: 4-wheel, 2-wheel, and crab-like movement. Able to move at up to 6 mph, rig has fully hydraulic positioning system and handheld remote controller.

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Oil Bulls Maintain Momentum as Rig Cutbacks Seen Reducing Glut

2015-10-19 23:55:28| Energy - Topix.net

Money managers boosted their net-long position in West Texas Intermediate crude by 6.6 percent in the week ended Oct. 13 to the highest level since June, according to data from the Commodity Futures Trading Commission. Shorts, or bets that prices will decline, dropped the eighth time in nine weeks.

Tags: oil maintain reducing momentum

 

Oil Bulls Maintain Momentum as Rig Cutbacks Seen Reducing Glut

2015-10-19 09:35:03| Oil & Gas - Topix.net

Money managers boosted their net-long position in West Texas Intermediate crude by 6.6 percent in the week ended Oct. 13 to the highest level since June, according to data from the Commodity Futures Trading Commission. Shorts, or bets that prices will decline, dropped the eighth time in nine weeks.

Tags: oil maintain reducing momentum

 

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