March 28, 2018

Breakthrough oil discovery in Trinidad & Tobago

UK company has found what it describes as “virgin oil in a super-mature basin” onshore Trinidad and Tobago with over 290 feet of net oil pay at the Jacobin-1 well. The operator said today

March 28, 2018

Offshore Drillers See No New Rigs Even as Demand Nears Peak

As the world’s biggest offshore drillers gear up for more than $500 billion in new investments in the coming years, don’t expect rig contractors to meet the boom with a new round of vessel