Friday 25 April 2014
 
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Rigs

Aramco to use more rigs this year

Saudi Aramco plans to use a record number of rigs this year, more than 170, to search for unconventional gas while drilling for oil needed to maintain the world's biggest spare capacity cushion, industry sources in Saudi Arabia said.

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Rigs to riches: Offshore salaries soaring

  What jobs offer the highest pay? Investment banking is up there. So is specialist surgery. But salaries on oil rigs have also soared because of a global boom in offshore drilling.   But consider t

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Aramco to boost 2013 rigs to record high

Top oil exporter Saudi Arabia may raise the number of its drilling rigs to a record high above 150 next year as the state oil giant ramps up exploration for unconventional gas, industry sources said. Boosting natural gas output helps Saudi

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Saudi oil drilling slows as demand ebbs

Top oil exporter Saudi Arabia plans to release 15 oil rigs by the end of the year as it reduces drilling activity with slowing global demand, oil industry sources in the kingdom said on Monday. "We feel we have huge extra capacity," said o

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Menadrill orders two drilling rigs for $400m

First Energy Bank, the key sponsor of Menadrill, has signed an agreement for two jack-up drilling rigs to be constructed at the Maritime Industrial Services Company (MIS) yard in Sharjah. The total value of the rig packages will be in exc

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