Baoji Oilfield Machinery Co (BOMCO) emerged as the winner of a 2.08 billion yuan ($304.5 million) contract to supply onshore oil rigs to UAE's National Drilling Company (NDC), BOMCO's parent company China National Petroleum Corp (CNPC) said Thursday. According to the contract, BOMCO will design, ...
SYDNEY, Nov 1 - An oil rig operated by a unit of top Thai energy firm PTTEP in the Timor Sea, which has been leaking for 10 weeks, caught fire on Sunday, officials said. The...
* Jack up rig rates expected to see sharp decline * Prosafe Production: a shake-out would see stronger players SINGAPORE, April 22 - The oil rig sector is likely to see consolidation as rates for...
KEPPEL Corp, the world's largest builder of oil rigs, fell by the most in more than 21 years after saying it was in talks with three customers to review options for new orders agreed earlier this year ...
Singapore-listed COSCO Corp (Singapore) Ltd said that its subsidiary, COSCO (Nantong) Shipyard, delivered a new oil rig to Norway-based Sevan Marine ASA on Monday, sources reported.COSCO Corp (Singapore) said in a filing with the Singapore Exchange that the new rig, under the name of Sevan Driller,...
JAKARTA, Nov 6 - Indonesia may seek compensation from a company operating a Timor Sea oil rig that leaked into Australian and Indonesian waters and then caught fire, a foreign ministry official said on Friday....
* Oil law could be passed by early next year - CEO * Company to have 7 drilling rigs in Santos by end of year * Drilling costs now $100 per well, but could fall...
* Oil law could be passed by early next year - CEO * Company to have 7 drilling rigs in Santos by end of year * Drilling costs now $100 per well, but could fall...
* BP makes 'material' oil find * ConocoPhillips and Petrobras partners in field * Shares jump 4.3 percent * Highlights potential of Gulf of Mexico deep water * Rig contractor says well drilled is industry's...
* $70-$75 a barrel needed for sustained oil, gas investment * Oil and gas rig drilling at 6-1/2-year low * Smaller companies worst...