Latest News Update
DryShips all smiles on Ocean Rig
DryShips said it was upbeat on the outlook for its majority-owned drilling
unit Ocean Rig as it garners more contracts and capitalises on high demand.
Pacific extends drillship option again
A subsidiary of Pacific Drilling has once again extended its option with
Samsung Heavy Industries to build a seventh ultra-deepwater drillship.
Poland may tax shale gas by 2015
Poland may tax shale gas production as of 2015, an official said on Wednesday,
as the country hopes future extraction of the commodity would generate fresh
state budget revenues on top of boosting its energy security.
Industry ire at Obama tax proposals
The US Treasury Department unveiled on Wednesday a broad overhaul of the
corporate tax code that would strip away many of the subsidies and economic
incentives oil and gas companies have enjoyed for years, and raising the ire
of industry proponents.
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