Our forecast for the increase in rig count for the Middle East and Asia region takes into account the major expansion in the exploration and production activity in Iraq over the next few years.
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However, as Ken Hersh the CEO of NGP Energy Capital suggests, the market is in the process of realigning, as there has been a twenty percent correction in rig count (with more to go), which will tighten supply figures over the next 18-24 months.
Specifically looking at Schlumberger alone, we have captured the increased drilling activity in the rig count estimate and the higher revenues from completion and production activities in the increased revenue per rig figures.
Well the Tories and Liberal Democrats are pretty ruthless in trying to rig British politics in their favour.
Economou, who also bought a 4% stake in Ocean Rig for himself, says he feels strongly that deepwater drilling presents a glorious opportunity.
At least two workers have died in an explosion on an oil rig in the Gulf of Mexico, and at least four others are injured.
For a split second no more I wanted to get back in the rig and drive on, up into the darkness, into the origin of the approaching blizzard, just to be alone out there, the way that boy had been alone in the woods.
There was in fact a discharge from a drilling rig in March, but the oil people say it consisted of mud containing no substances that would affect the environment.
The explosion in April of that year of a drilling rig in the Gulf of Mexico triggered the largest offshore oil spill in the country's history.
Bankston, nominated by the United States of America, for placing their own lives at risk while rescuing survivors from the Deepwater Horizon Mobile Offshore Drilling Unit, in the Gulf of Mexico, following a devastating explosion on the rig in April 2010.
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Of course, in full Highland rig as he was, he had his trusty skean dhu, his little dirk, tucked in his right sock.
In addition, the increased complexity of operations in remote locations would also increase the revenue per rig figure in the region.
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That was part of a broader downdraft in total worldwide rig count to 1, 800 from 2, 200.
The rig in question is said to be located in the West Delta Block 32.
In 1982, 84 people died in an oil rig disaster off Newfoundland, Canada.
Sea Launch, the rocket company that operates from a converted oil rig in the Pacific, has returned to flight.
Even the slightly recessed hinge lends the laptop an air of aggression that we kinda dig in a gaming rig.
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The BBC was given exclusive access to film the rig in action.
The various firms will use the rig in rotation throughout this year.
Six Greenpeace activists have boarded a Russian offshore oil rig in protest over gas and oil exploration in the Arctic, the group says.
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The drillers lost control and the well blew out, igniting the rig in a fireball that burned for days and killed two workers.
They have been the largest driller for years, and they have a very explicit strategy in terms of rig deployment, production, and prices.
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So they've been scrambling ever since they've gone to Iraq to find, you know, and jury rig in any kind of equipment they can.
Bayou Perot was the scene of an explosion and fire on a specialized oil rig in December 2010 in which three men were injured.
Sea Launch experienced a spectacular rocket failure on the rig in 2007, and was forced to restructure its finances as orders slowed and debts mounted.
WSJ's Susan Carey tours the company's test rig in Carson, Calif.
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Halliburton, which was also involved in the destroyed rig, fell 2.2%.
Chevron sunk an offshore oil rig in 1937 in 14 feet of water and by 1947 drillers were working on rigs out of sight of land.
But the arrival of an oil exploration rig in the Falklands, due this month, has given new fuel to a dispute that dates back to 1833.
John McCain touts offshore drilling as a solution to producing more oil, and recently held a press conference on an oil rig in the Gulf of Mexico to make his point.
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