Where next for jack-up rates?

Analysis of RigLogix data shows that recently, jack-up day rates around the world had risen to slightly above operating costs, allowing rig owners to finally make a little profit. That trend may not continue in all regions. In 2017, jack-up day rates in the Middle East and Southeast […]

Conoco Seizes Venezuelan Oil Assets in Curaçao

Court ruling is blow to Venezuela, which uses refineries on Curaçao to store significant portion of its oil exports Petróleos de Venezuela isn’t expected to make payments to ConocoPhillips for the expropriation of the U.S. company’s oil projects. PHOTO: ANDRES MARTINEZ CASARES/REUTERS Associated Press May 13, 2018 10:44 p.m. ET […]