(Bloomberg) — Constellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from Petroleo Brasileiro SA, a sharp recovery for a…
https://gcaptain.com/petrobras-offshore-spending-spree-fuels-rally-in-oil-rig-bonds/
(Bloomberg) — As the world’s biggest offshore drillers gear up for more than $500 billion in new investments in the coming years, don’t expect rig contractors to meet the boom…
https://gcaptain.com/offshore-drillers-see-no-new-rigs-even-as-demand-nears-2019-peak/
By Jonathan Allen Oct 3 (Reuters) – A large oil spill off the California coast began washing ashore at Huntington Beach over the weekend after an oil rig pipeline was…
NEW ORLEANS — Bureau of Safety and Environmental Enforcement (BSEE) activated its Hurricane Response Team as Hurricane Ida made its way through the Gulf. The Hurricane Response Team is monitoring offshore…
SINGAPORE, Jan 28 (Reuters) – Singaporean conglomerate Keppel Corp said on Thursday its struggling offshore and marine (O&M) segment will exit the rig-building business and shift its focus to infrastructure projects, including…
EIA increased its forecast of U.S. crude oil production in 2019 by 30,000 barrels per day (b/d) (0.2%) from the October STEO, reports Safety4sea.
EIA increased its 2020 crude oil production forecast by 119,000 b/d (0.9%) compared with the October STEO.
US crude production spikeThe increases for US’s crude oil production were based on:
http://mfame.guru/eia-forecasts-expand-us-crude-oil-production/