Offshore Rigs

Higher Oil Prices, Lower Costs Increase Offshore Rig Demand: IHS

September 6, 2018

From WorkBoat Higher oil prices and lower costs for offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater projects, according to new analysis released yesterday by IHS Markit. In its first worldwide mobile rig forecast for 2020, IHS Markit, which relies on data from its Petrodata RigPointdatabase, estimates that the average global demand for mobile offshore

Offshore Rigs Moving out of the Gulf of Mexico

September 22, 2015

U.S. GOM share of global offshore rigs is falling The number of active offshore rigs in the Gulf of Mexico (GOM) has been steadily declining since 2000, according to a release from the Energy Information Administration (EIA). Over the past 15 years, the share of global offshore rigs in the GOM has declined from almost half of all active offshore

VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

November 12, 2014

VAALCO Energy, Inc. (ticker: EGY) reported net income of $3.1 million ($0.05 per diluted share) in its Q3’14 earnings release, but the company is already anticipating results for the fourth quarter. The independent energy company based in Houston, Texas, is escalating its operations across the Atlantic Ocean in West Africa and expects near-term catalysts to be reflected on its year-end

Petrobras Brings in North Jupiter Well, Achieves Production Records in July

August 13, 2014

Brazil Mourns Death of Presidential Candidate Eduardo Campos Petrobras (ticker: PBR), the Brazilian integrated oil and gas company, announced today the extension of the Jupiter discovery in Santos Basin pre-salt block BM-S-24 following drilling operations at well 3-BRSA-1246-RJS (3-RJS-732), informally known as Apollonia. Petrobras is scheduled to present at EnerCom’s The Oil & Gas Conference 19® on Tuesday, August 19,

Deepwater Drilling Going Deeper

June 24, 2014

Maersk Drilling Orders Industry’s First 20-ksi Deepwater Blowout Preventers for 2 Ultra-Deepwater Drilling Rigs Maersk Drilling (Ticker: MAERSK-B.CO) has ordered four blowout preventers (BOPs) and two risers from GE Oil and Gas (Ticker: GE). The GE Oil and Gas BOPs will make it possible for offshore drillers to safely and efficiently operate in high-pressure and high-temperature reservoirs up to 20,000

Higher Oil Prices, Lower Costs Increase Offshore Rig Demand: IHS

Offshore Rigs Moving out of the Gulf of Mexico

VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

Petrobras Brings in North Jupiter Well, Achieves Production Records in July

Deepwater Drilling Going Deeper

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