Translate:
China Japan Russia Spain
Home Icon > About Us > News > Fred. Olsen Energy Says Drilling Rates to Stay at Loss-Making Levels

Fred. Olsen Energy Says Drilling Rates to Stay at Loss-Making Levels

OSLO, Feb 16 (Reuters) – Global offshore drilling rig rates will remain at loss-making levels as the market continues to suffer from overcapacity, Norway’s Fred. Olsen Energy predicted on Tuesday after posting a bigger than expected fourth-quarter deficit. Oil firms have sharply cut their investments in the wake of a 70 percent drop in the […]

The post Fred. Olsen Energy Says Drilling Rates to Stay at Loss-Making Levels appeared first on gCaptain.

WP_Post Object ( [ID] => 105681 [post_author] => 4 [post_date] => 2016-02-16 14:15:56 [post_date_gmt] => 2016-02-16 14:15:56 [post_content] =>

Byford Dolphin gcaptain.comOSLO, Feb 16 (Reuters) – Global offshore drilling rig rates will remain at loss-making levels as the market continues to suffer from overcapacity, Norway’s Fred. Olsen Energy predicted on Tuesday after posting a bigger than expected fourth-quarter deficit. Oil firms have sharply cut their investments in the wake of a 70 percent drop in the […]

The post Fred. Olsen Energy Says Drilling Rates to Stay at Loss-Making Levels appeared first on gCaptain.

[post_title] => Fred. Olsen Energy Says Drilling Rates to Stay at Loss-Making Levels [post_excerpt] =>

Byford Dolphin gcaptain.comOSLO, Feb 16 (Reuters) – Global offshore drilling rig rates will remain at loss-making levels as the market continues to suffer from overcapacity, Norway’s Fred. Olsen Energy predicted on Tuesday after posting a bigger than expected fourth-quarter deficit. Oil firms have sharply cut their investments in the wake of a 70 percent drop in the […]

The post Fred. Olsen Energy Says Drilling Rates to Stay at Loss-Making Levels appeared first on gCaptain.

[post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => fred-olsen-energy-says-drilling-rates-to-stay-at-loss-making-levels [to_ping] => [pinged] => [post_modified] => 2016-02-16 14:15:56 [post_modified_gmt] => 2016-02-16 14:15:56 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=106746 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )