Shipyards face ‘brutal’ £11.6billion losses over unwanted offshore rigs – Bassoe
Shipyards are facing “brutal” $15.2billion (£11.6bn) losses over new-build offshore drilling rigs that no one wants, according to Bassoe Offshore.
offshore drilling rigs
Aker bags $1.9million rig order
Aker Solutions has won a long-term contract that could be worth up to $1.9billion to build and operate an entirely new type of semi-submersible drilling rig that Statoil says will make an "important contribution" to raising recovery rates from existing North Sea oil and gas fields and slashing well intervention costs.
Students sample a career on the rigs
With the end of their university programmes on the near-horizon, many engineering students are already seeking employment opportunities in the north-east's thriving offshore oil and gas drilling industries.
Why we need a UK National Oil Company
You'll remember that around the New Year when the 30-year-old UK Cabinet papers were released it was revealed why the then Prime Minister, one M Thatcher, opposed the idea of government investment to help build a gas gathering pipeline network which would have created thousands of new jobs in various plastics and chemical industries.