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OIL DRILLERS
Saudi-backed oil and gas driller ADES expected to price IPO at top of rangeThe company backed by Saudi Arabia's PIF sovereign wealth fund is expected to price its shares at 13.50 riyals ($3.60), the bank said in a ...
Oil drillers and Bitcoin miners bond over natural gasThe trailers - carrying pipes, generators and computers - are called “mining rigs.” But their owners aren’t there to drill for oil. They ar...
Oil drillers and Bitcoin miners bond over natural gasThe trailers - carrying pipes, generators and computers - are called "mining rigs." But their owners aren't there to drill for oil. They ar...
Extended coronavirus outbreak could lower oil demand, prices: Moody'sMoody's said while a short-term demand shock in China will increase oil price volatility.
How oil market lived with a West Asia in flamesOil prices jump almost 5 per cent as traders rush to cover the risk of a Middle East war
Oil declines as US, Libya pump into oversupplied global marketUS drillers increased the rig count by six to 747 last week, the highest level since April 2015.
Oil producers prepare for second-half slump as rally sputtersCrude has declined more than 10 per cent since hitting a 2016 peak in early June, stoking fears of another second-half slump.
Cairn India targets 18% output boost from Rajasthan unitCairn India, the nation’s biggest onshore oil driller, is targeting an 18% increase in output from its wells in the northern state of Rajas...
Oil drillers hunker down for more pain one year into bear marketA year after oil sank into a bear market, the industry is still hunkering down for a long period of low prices, with Europe’s biggest produ...
Drilling giant Baker Hughes warns the pain from oil crash is far from overThe oilfield services company reported second quarter results on Tuesday morning, with an adjusted earnings per share loss of $0.14, in lin...
Ballooning debt threatens to collapse shale industryDrillers' debt ballooned to $235 billion at the end of the first quarter, a 16% increase in the past year, even as revenue shrank.
Shale oil drillers are on the brink of a debt crisisShale oil drillers are headed for a major debt crisis.The shale boom was fueled mostly by debt, which has grown 16% in the first quarter.
Oil drillers under pressure to scrap rigs to cope with downturnThe recent five-year low in oil prices is threatening an industry already grappling with a flood of new vessels and weakening demand.
- Deepwater wells needed: oil drillers
Energy chiefs defended deepwater oil as crucial to meeting future demand, telling a conference a prolonged US drilling ban in response to t...
- Investors flee BP and drilling companies
Investors pummeled shares of oil drillers and BP on Tuesday, after President Barack Obama talked tough about dealing with the worst oil spi...
- US will end cozy ties with oil drillers: Obama
Barack Obama says he will end a cozy relationship between federal regulators and drilling companies.
- Aban Offshore bags Rs 1,133 cr contract in Malaysia
Drilling and oil field services provider Aban Offshore today said it has secured a contract worth $ US 241 mn (about Rs 1,133 crore) in Mal...