Shell calls in a BIG RIG

(Trinidad Express, Aleem Khan, 7.Aug.2018) – More hints that major discovery on the horizon.

Offshore Trinidad was one of two sites in the world where oil and gas service provider Rowan Companies plc debuted its ultra-harsh environment jack-up rigs, New York Stock Exchange (NYSE) investors heard last week. The other site was in the North Sea, offshore continental Europe.

Rowan president and chief executive officer (CEO) Tom Burke said: “While overall market conditions for offshore drilling remain challenging, demand for rigs has improved year to date. Since the beginning of the second quarter 2018, Rowan has been awarded contracts for both drillships and jack-up rigs.

Read the full story here.

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Author: ENERGY ANALYTICS INSTITUTE (EAI)

Energy Analytics Institute (EAI) is a Houston-based independent think-tank providing unbiased research, analysis, commentaries, opinions and breaking news related to the petroleum sectors in the Latin American and Caribbean regions.

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