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Maersk Drilling gets $58 mln rig contract

Maersk Drilling Gets new Contract

COPENHAGEN, July 9 |  Tue Jul 9, 2013 2:40am EDT COPENHAGEN, July 9 (Reuters) – Danish oil and shipping group A.P. Moller-Maersk has received a jack-up rig contract from Danish energy group Dong Energy worth about $58 million. The rig, Maersk Resolve, will be used for drilling operations in the Danish North Sea, with the duration of the contract expected ...

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Incendiary Investment – Montana Energy Review

Amid grass-laden prairie and craggy Badlands, oil wells beam like giant medieval torches in the cerulean North Dakota sky. These candles of industry produce upwards of 700,000 barrels of oil each day from the shale reservoirs deep beneath the earth. Simultaneously, these North Dakota rigs are burning off an estimated 30 percent of their natural gas byproduct into the air, ...

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US Oil reserves rise 45%

The Bakken petroleum system and other tight, unconventional plays were largely responsible for a 45 percent rise in U.S. oil reserves over the past five years, according to a recent study by accounting firm Ernst & Young. Investments in the U.S. oil and gas sector also reached their highest level in almost a decade, the study revealed. The Ernst & ...

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This Is Your Town on Fracking

Not long ago I found myself stranded in Williston, North Dakota. You might have heard of it. Despite being the eighth-largest city in the 48th most-populous state, Williston has won some infamy in recent years. It’s at the center of an oil boom that’s likely to make the United States a net exporter of fossil fuels in just a few ...

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