Hints and tips:
...Its stereo camera rig, which is lowered into a farming enclosure, is able to track fish through their development, using their particular shapes and movements....
...Rig in a cash-and-stock transaction valued at about $2.7bn....
...SeaDrill and Ocean Rig, both of Norway, have lost 90 per cent of their value this year alone. No wonder....
...It is the world’s biggest maker of jack-up rigs, which are used to drill for oil in shallow ocean waters....
...The group said on Friday: Following a number of material operational issues with the Eirik Raude rig during the term of the contract to date, Premier and Noble Energy issued a termination notice to Ocean...
...Diversification into owning oil-drilling rigs — through Ocean Rig, in which DryShips now holds only a minority stake — proved robustly profitable when oil prices were high....
...In the depths of the ocean off the coast of Uruguay, more than two miles below sea level, the oil industry is continuing to push back the frontier....
...Shares of Ocean Rig UDW, an international contractor of offshore drilling services, rose 13.10 per cent to $7.61, after the company reported first-quarter results that beat expectations....
...In some CLOs energy exposure was as much as 15 per cent of their portfolios, with loans to Ocean Rig UDW, SeaDrill, MEG Energy, Sheridan and Fieldwood Energy accounting for a big chunk....
...Current prototypes involve helmets or large rigs that are a long way from being portable, according to people familiar with its technology....
...Nonetheless, state oil company YPF says its shale project is already “100 per cent launched”, with four times as many rigs drilling than six months ago....
...“Shell’s costly drilling experiment in the Arctic Ocean needs to be stopped by the federal government or by Shell itself given the unacceptably high risks it poses to both humans and the environment,” she...
...DryShips owns 73.9 per cent of Ocean Rig, the separately listed owner of oil-drilling vessels. Ocean Rig announced $49.1m net income for the quarter on $226m revenue....
...Chinese media reports that new leaks continue to be found seeping from the ocean floor, but ConocoPhillips says that less than one barrel of oil has been leaked into the ocean since June 19 and most leaks...
...The industry has been watching closely as Chinese regulators deal with the spill, which they say is the largest from an offshore rig in Chinese waters....
...While some rigs have left the gulf, the fees to do so are high – up to $15m for a shallow rig to go to Asia, for example....
...The Bureau of Ocean Energy Management, Regulation and Enforcement on Monday approved a permit for Houston-based Noble Energy to resume work on the Santiago well in the Gulf of Mexico, which was under way...
...John Parry, principal energy analyst at consultancy IHS, says he expects offshore contract drillers to see increased demand for their newer, more technologically advanced rigs....
...The Bureau of Ocean Energy Management declined to comment....
...Rockhopper Exploration eased 0.6 per cent to 239¾p even though the Falklands explorer said it had secured an extra drilling slot on the Ocean Guardian rig....
...And in any case, the Ocean Guardian rig is scheduled to remain off the Falklands — drilling other prospects — for some time to come....
...David Mullen, who became chief executive on September 1, is well known in the oil services sector and was most recently chief executive at Ocean Rig. GE declined to comment....
...Last week, Diamond Offshore Drilling sent its Ocean Confidence rig on the two-month journey to the Republic of Congo under a new contract....
...His company – which mixes and pumps a specialist cement to create a solid foundation for oil rigs and wind turbines – will make a crucial commitment this week to the next six months of capital expenditure...
...A big challenge for China’s deep-water prospects is that the known reserves are mostly natural gas, which must be transported through expensive pipelines on the ocean floor....
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