Saturday 4 July 2015
 
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Oil prices drop on rising US rig count

Oil prices dropped on Friday as a rising US rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation. Front-month US crude futures were trading at $56.66 pe

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Kerui delivers third-gen fast moving drilling rig to Dalma

Kerui, an integrated international drilling engineering services, has delivered its latest third-generation fast-moving drilling rig to the leading drilling contractor Dalma. The rig was shipped to the Middle East, based on the st

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Drydocks World completes major rig repair ahead of schedule

Drydocks World, a leading service provider to the shipping, maritime, offshore, oil, gas and energy sectors, has completed a refurbishment project on the National Drilling Company’s (NDC) offshore drilling Rig Beynouna in the UAE.

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Brent approaches $61, set to end 7-month losing streak

Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices. A reduction in rig counts

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North Sea rig closures may hit UK oil output

Britain's oil industry is facing the threat of a cascade of North Sea rig closures, unless ageing platforms can urgently source more gas to help squeeze out the remaining barrels, said experts. The potential threat to oil reve

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NDC inaugurates new rig

A new land rig has been inaugurated by the National Drilling Company (NDC) as part of the company’s fleet expansion programme. The new rig will help the company to step-up its ability to perform specific drilling operations that r

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Asry's rig division eyes opportunities

Ship and rig repair yard Asry's offshore rig repair division is preparing for a possible market surge, chief executive Nils Kristian Berge has said.   He highlighted the

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Dubai-based Shelf Drilling aims $500m IPO

Shelf Drilling plans to raise at least $500 million in an initial public offering on the London Stock Exchange, joining other Gulf-based oil services firms seeking a listing on the bourse. The Dubai-based offshore oil rig operator

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China rig finishes initial work in disputed waters

A giant Chinese oil rig has finished its first round of drilling in South China Sea waters also claimed by Vietnam and moved to another site in the area, the rig's operator, China Oilfield Services (COSL) , said on Tuesday. In

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Drydocks World in $730m rig deal

Drydocks World, the Dubai-based group which has undergone a multi-billion-dollar debt restructuring, said it had been commissioned to construct “Dubai Expo 2020 NS,” the largest rig ever built for the North Sea in a deal worth $730 m

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