Sentences with word «rigs»

However, EIA points to 2008 when reduction in rigs did also not translate to lower production.

Now, however, with prices less than half of what they were in July, many U.S. oil companies have been forced to shut down rigs, effectively slowing down output.

In multiplayer, you outfit your character with one of six different «rigs.»

Another Chinese unicorn that could be eyeing a possible IPO soon is Bitmain, the world's largest manufacturer of bitcoin mining rigs.

Reuters reports that some rigs in the Orinoco Belt, where PDVSA produces heavy oil, are only operating «intermittently for lack of crews.»

But now Papa said the the best days are behind some of those fields after a period of low oil prices prompted drillers to train their rigs on their best acreage and deplete the most cost - efficient production.

Precision says it will postpone building two new rigs planned for this year, and cut down this year's capital budget to $ 467 million, a 46 % decrease from a year earlier.

The state lost two rigs from April to May, with the number dropping from 29 to 27.

Canada's largest drilling company is losing crewmembers working at its rigs.

In the early 2000s, junior exploration company Mitchell Energy and Development used newly available directional drilling rigs to plumb a slab of rock nearly a mile underground called the Barnett Shale.

Those fuel - price economics make sense not just for EnCana, which has converted 163 of its 1,700 vehicles and 15 of its drilling rigs to natural gas, but for larger fleet operators with no special interest in promoting gas.

The total number of drilling rigs, reported in December last year, went down to 313 from 327 a year earlier.

This financial incentive means that some people become professional «miners,» building dedicated rigs with specialised hardware that do nothing but mine cryptocurrencies.

The sanctions prevented SNC - Lavalin from purchasing high - quality American drilling rigs, and since flights over Libya were banned, the company trucked everything in.

WINNIPEG, Manitoba / VANCOUVER, April 23 (Reuters)- At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail cars headed south and west.

Market jitters started immediately last week when Baker Hughes» count of drilling rigs, a leading indicator of U.S. output, ticked up for the first time in nearly two months.

Jensen and his crew set up wire rigs above the muddy set to hold the camera still and also give it smooth movement.

Swick will deploy four diamond drilling rigs to two of Independence Group's mining operations in WA.

Oklahoma has been a huge oil - producing state, and while drilling - heavy states have tended to do well in previous editions of our rankings, the collapse in oil prices and in active drilling rigs is starting to hurt.

And truckers are starting to get worried about the rise of self - driving rigs, the San Francisco Chronicle reports.

• Pelican Energy Partners made a «significant» investment in Johnson Specialty Tools, a Houston, Texas - based fluid management systems provider for drilling rigs.

In 1994, Derrick Rowe had a $ 5 - million two - way - radio company that serviced oil rigs in the NorthAtlantic out of St. John's, Newfoundland.

Employers across the state have shed thousands of jobs since October 2015, as more than a third of New Mexico's oil rigs shut down.

Four gas rigs came online, taking the total to 149.

The count of active oil rigs in the US for the fourth straight week last week and is more than 80 % higher than the low reached in May 2016.

Elite Fixtures has compiled a list of mining costs throughout the world, using averaged data from three mining rigs and average electricity rates in 115 countries as of January 2018.

U.S. energy companies added 12 oil rigs drilling for new production last week, taking the total to 759, General Electric Baker Hughes energy services firm said on Friday.

Moncla Companies, a third - generation drilling company, had only 2 of its 11 barge rigs operating on work sites as of this spring.

Oil companies have since returned to the market, hiring rigs to explore for offshore oil and gas deposits after crude prices have traded above $ 60 a barrel since November.

It is dominated by the far - seeing genius of Josh Boger, who at age 7 does experiments in a lab above his parents» garage (including sending a hapless mouse soaring aloft on a Hindenberg - type contraption he rigs up).

Publicly traded oil companies have lost billions in market value, and both public and private firms are moving aggressively to cut capital spending budgets for 2015 — laying off thousands of workers and shutting down hundreds of rigs.

Crescent Electric studied mining costs based on the wattage used by the three most popular mining rigs (the AntMiner S9, the AntMinerS7 and the Avalon 6) and the days each takes to mine a coin (which range from 452 to over 1,800 depending on the machine), then multiplied by the average electricity rate in each state.

Seadrill was forced to seek bankruptcy court protection from creditors after a sharp drop in oil prices in 2014 cut oil firms» appetite for exploration, pushing rates for rigs down and leaving many idle.

«The US continues to surprise, and the market seems to be underestimating the impact of some rigs that have already been added,» Adam Longson and his team wrote.

CNBC's Jackie DeAngelis reports on the addition of two more U.S. oil rigs after a brief reduction last week.

There are 112 fewer active oil rigs compared to a year ago.

Terex (TEX), which makes heavy equipment used on oil rigs and in mines, fell into this latter category.

With miscellaneous rigs unchanged at two, the total rig count rose by 11 to 508.

In January they left to launch Otto, a startup that retrofits commercial big rigs with fully autonomous driving systems.

Both countries also have enough water and specialized drilling rigs to support fracking, which involves pumping huge quantities of liquid and sand underground to crack open rocks and release energy reserves.

After filming with a practical puppet of TARS, the visual effects team made minor edits which included taking out some wires, physical props and rigs, and wiping out any instances of Irwin in the film.

Miscellaneous rigs were unchanged at two, while the gas rig count rose six to 114, taking the total up four to 557.

Most, he said, would overheat, plus the rigs weren't sturdy, and stitching had to be done by hand.

The tally of oil rigs rose in recent weeks, with oil prices near $ 50 per barrel and demand for drilling equipment on the rise.

Rob Wiesenthal, Blade founder & CEO, talks about diversifying his helicopter business by expanding routes to include more that just oil rigs.

The first is the cost of the computers themselves — as the mathematical problems get progressively harder over time, miners need to keep upgrading their rigs.

For charity: water, that's the people that actually drive the rigs of clean water into the underserved towns, the people that build the wells, etc..

U.S. drillers added five oil rigs drilling for new production in the week ending April 20, bringing the total count to 820, the highest since March, 2015, according to General Electric's Baker Hughes energy services firm.

Iron ore miner Rio Tinto is following its big investment in driverless trucks and trains by announcing plans to nearly double its fleet of autonomous drilling rigs.

Perth - based Swick Mining Services has won a number of new contracts and renewals with Newmont Mining, with 15 rigs expected to be in operation by early next year.