25 April 2024
Offshore drillers face stark market reality as E&P firms tear up rig contracts
Publication date: 20 April 2020
Gas Strategies Group
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ISSN: 0964-8496
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Offshore drilling contractors are reporting several contract cancellations as the price of crude continues to crumble, which has forced exploration and production (E&P) firms to slash capex budgets and cancel planned projects. Shell has been at the centre of ...