"Hvis de økonomiske problemene i USA og Europa sender verden i en global krise, vil oljeprisen fortsatt holde seg på 80 dollar fatet - som et absolutt minimum, sier sjefanalytiker for råvarer Bjarne Schieldrop""Saudi-Arabia er oljens sentralbank og det er Saudi-Arabias behov for funding som betyr noe"
Hamilton, Bermuda, August 9, 2011 - Seadrill has been awarded two new contracts by KJO (AL-Khafji Joint Operations) in the joint development zone between the Kingdom of Saudi Arabia and Kuwait for the jack-up rigs West Triton and Offshore Resolute. The assignments which will commence in direct continuation of their current contracts in Southeast Asia are each for a firm period of 3 years plus the time required to mobilize to the Arabian Gulf. Each contract also includes an option for KJO to extend the term for a further 1 year.
Alf C. Thorkildsen, Chief Executive Officer in Seadrill Management AS says, "These new contracts will strengthen the relationship with KJO, one of the key customers in the Arabian Gulf. In addition, relocating two rigs for term work and at attractive market rates serves our strategic desire to increase our long term presence in this active oil and gas region."
"Seadrill sends employees to Denmark to weight loss centers and pays for it"
"The kingdom plans to inject 40 million standard cubic feet per day of CO2 into the field, and has said this is part of the global push to trap emissions rather than because it needs to enhance oil recovery from the field"
"Saudi Oil Minister Ali Naimi said today that the kingdom's natural gas output will rise 40% by 2014 to 4.5 billion cubic feet per day."
"Scorpion Offshore Ltd. ("Scorpion" or the "Company") secured financing of $27.7 million (the "Note") which will be used to meet the current progress payment under the Offshore Mischief construction contract.
The Note is unsecured and has a duration of 6 months and is being provided by the Company's largest shareholder, Seadrill Limited, at a coupon of 16% per annum."
"Saudi Arabia, the world's largest oil exporter, is expected to cut the number of oil rigs by as much as 20% until year-end amid lower crude output, people familiar with the situation said.
Last year, Saudi Arabian Oil Co., or Saudi Aramco, the state-run oil company, had about 130 offshore and onshore rigs in operation at peak times, a number that is set to fall by up to a fifth throughout 2009, the people said.
"They haven't announced any specifics but they are saying there will be a reduction in the number of rigs by 20%," one Gulf-based oil industry official told Zawya Dow Jones..."
