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Commodity futures news: The global offshore oil & gas rig market is expected to grow at a steady CAGR of 5.69% in the forecast period to reach USD22522.64 million by 2027, updated 2022-06-30 04:32:04. Watch for more news articles, provided throughout the day courtesy of TradingCharts
According to a comprehensive research report by Market Research Future (MRFR), “Directional Drilling Market Analysis by Application (Onshore and Offshore), By
Analysts said the index can move up to the levels around 15,850-16,000 as the short-term momentum looks strong.
Even though the 50-scrip Nifty rose for the sixth straight session and closed at lifetime high, it formed an indecisive Doji on the daily chart, signalling weakness and some profit booking ahead.
Credit: Jindal Indian oil and gas company ONGC has chartered a jack-up drilling rig from the Indian offshore drilling contractor Jindal Drilling & Industries. Jindal said this week that the ONGC had sent a letter of award for the charter hire of the jack-up drilling unit Jindal Explorer. The contract is for a period of three years. The drilling firm did not share the value of the contract. The Jindal Explorer jack-up is a rig of Keppel's KFELS B design, delivered in late 2014. It is capable of operating in water depths of 350 feet (~107 meters) and drilling down to 30,...