Subscribe to RSS feedDemand slump for oil, gas puts more rigs into lay-up
by
Martyn Wingrove, London
—
last modified
Nov 13, 2009 09:22 AM
DECLINING demand for oil and gas offshore drilling rigs has led to a 35% increase in the number of these rigs laid up around the world since June.
Oil companies have slashed spending on drilling offshore wells this year in reaction to the drop in oil prices from US$145 per barrel in July 2008 to US$50 per barrel at the start of this year.
They are planning...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
