Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • Rig market will weather the storm


    Thomas E. Marsh

    It’s doom and gloom splashed all over the newspapers and the Web, and pounded out by radio and television pundits: the credit crunch, global recession leading to depression, falling oil prices, collapse of emerging economies, and so on. Can the offshore rig market weather the storm? Most industry observers believe it can, but not without a few casualties. The key industry driver remains global demand for oil and natural gas, and the prices they command. While the recent decline in oil prices has been characterized by some as a “collapse” and others as a “correction,” the fact is that at present, an oil price to the far north of $100 is not reasonable or sustainable, and “correction” probably is the better description. Many analysts believe that, as far as the offshore segment of the oil and gas industry is concerned, as long as oil prices remain above $50/barrel, most exploration and production projects will proceed as planned.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS