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Offshore Drillers’ Problem: Few Oil Firms Need Their Rigs BP, others try to get out of rig-leasing deals to cut costs amid low oil prices Analysts are likely to be pressing offshore specialists on the state of their contracts as they report first-quarter earnings, beginning with Hercules Offshore on Wednesday. PHOTO: BLOOMBERG NEWS By DAN MOLINSKI/WSJ April... Continue Reading →
http://www.ft.com/cms/s/0/2e9914fe-e35b-11e4-9a82-00144feab7de.html#ixzz3YbUcpUZ7 April 28, 2015 5:37 am Singapore rig builders feel impact of oil price slide Henny Sender/FT ©Bloomberg Problems in the Brazilian and Mexican oil industries unleashed by the plunge in crude prices have ensnared two pillars of Singapore Inc — rig builders Keppel Corporation and Sembcorp Industries — and through them Temasek, the state investment fund that is... Continue Reading →
Seadrill Braces for Two More Years of Rig Market Pain byMikael Holter 12:15 PM BRT March 4, 2015 Employees work on a Seadrill Ltd. semi-submersible drilling rig under construction in the dry dock at a shipyard, in Yeongam, South Korea. Photographer: SeongJoon Cho/Bloomberg (Bloomberg) -- Seadrill Ltd., the offshore oil driller controlled by billionaire... Continue Reading →
Brazil Shipyard EAS Ends $6 Billion Deal to Make Petrobras Rigs By Christiana Sciaudone Yasmine Batista 4:02 PM BRT February 23, 2015 (Bloomberg) -- Sete Brasil Participacoes SA, the company founded to lease oil rigs to Petroleo Brasileiro SA, said it’s considering legal measures against a shipyard that pulled out of a $6 billion... Continue Reading →
