As reported on Rigzone on the 14th of April 2020, original article here. (Bloomberg) — A researcher at China’s biggest oil company said the country’s drillers should copy the hedging strategies of Mexico and shale firms in the U.S., which use financial derivatives to protect against falling oil prices. Most of China’s oil production is unhedged, leaving […]
Month: April 2020
Borr Wins APAC Jack-up Contracts
As reported on Rigzone on the 15th of April 2020, original article here. Borr Drilling Limited reported Monday that it has secured letters of award for work in the Asia Pacific region for two of its premium jack-ups, one of which is a newbuild undergoing activation. In a written statement on its website, Borr estimates […]