• BIST 97.263
  • Altın 243,886
  • Dolar 6,2651
  • Euro 7,3886
  • İstanbul 25 °C
  • Ankara 21 °C

Lay-up in response to lower price

Lay-up in response to lower price
Owners of drilling units in the Gulf of Mexico are laying up some units.

Owners of drilling units in the Gulf of Mexico are laying up some units.

Owners of drilling units in the Gulf of Mexico are laying up some units in response to falling demand and lower oil prices.

Falling US gas prices dented demand for shallow-water drilling units in the US Gulf this quarter, leaving more jack-up rig and drilling barge owners with uncontracted tonnage.

Owners would look to reduce operating costs by taking units off the market in the next two quarters. These would be maintained in order to be brought back into operation if necessary.

Hercules Offshore, one of the largest regional drilling companies, said it is laying up three jack-up rigs, two submersibles and two inland barges until demand improves.

Vice-president of finance Stephen Butz said the drilling units would be laid up for a short time. This is known in the industry as "warm stacking".

Hercules" move has increased the number of stacked rigs in the US to 15.

At the start of December, there were 80 jack-up rigs in the US Gulf of Mexico, including 15 stacked rigs and two in yards.

www.TurkishMaritime.com.tr

This news is a total 546 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • MOL Launches Sunflower Kirishima20 September 2018 Thursday 10:30
  • GE Shipping Adds VLGC Jag Vasant to its Fleet20 September 2018 Thursday 10:00
  • Gulf Marine Services Bags MENA Contract20 September 2018 Thursday 09:30
  • Georgia Ports Authority Approves $92 Million Rail Expansion20 September 2018 Thursday 09:00
  • Ferry Burns and Sinks off Sulawesi19 September 2018 Wednesday 13:3
  • SENER-design LNG unit for Panfido19 September 2018 Wednesday 13:0
  • BSM Launches a Offshore Division19 September 2018 Wednesday 12:3
  • UK Aircraft Carrier Dodges Hurricane Florence19 September 2018 Wednesday 12:0
  • Boat Built with Recycled Plastic to Highlight Pollution19 September 2018 Wednesday 11:3
  • The USD1trln African Maritime Industry Mulls Further Growth19 September 2018 Wednesday 11:0
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |