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re: Offshore Drilling Is Coming Back With A Bang

Posted on 8/9/22 at 9:10 am to
Posted by onelochevy
Slidell, LA
Member since Jan 2011
16540 posts
Posted on 8/9/22 at 9:10 am to
I did ROV work for a few years and got an email a couple weeks ago asking if I was interested in coming back. Figured that meant drilling was picking back up
Posted by Korkstand
Member since Nov 2003
28710 posts
Posted on 8/9/22 at 9:23 am to
quote:

quote:

Who knew schlumberger was a dem sock puppet?
This article seems pretty apolitical. I don't understand why you are making it political? These oil companies are just responding to market conditions.
It was tigerinthebueche who made it political. JohnnyKilroy was mocking him.
Posted by CitizenK
BR
Member since Aug 2019
9566 posts
Posted on 8/9/22 at 9:24 am to
It's owned by a Russian Oligarch. Sometimes it is accurate but a lot of times articles are completely wrong
Posted by Langland
Trumplandia
Member since Apr 2014
15382 posts
Posted on 8/9/22 at 9:29 am to
quote:


Positive economic outlooks before a midterm election? Shocking

Exactly. That was my first thought. They are talking about stuff that hasn't happened. And with the Brandon policies on destroying the the oil industry, there is no guarantee it will happen.
Posted by CitizenK
BR
Member since Aug 2019
9566 posts
Posted on 8/9/22 at 9:30 am to
I was looking into buying a hydraulic fluids manufacturer who specialized in subsea and BOP supplies but his sales had been off since 2014. This was in the Spring of 2021. I had a meeting the head of Chouest Logistics about them handling inventory of totes ready to at Port Fourchon. He was laughing about the "Green Shiit" and telling me that the forecast was for 44 drilling rigs in the GOM but that was supposed to happen sooner than now.
Posted by ragincajun03
Member since Nov 2007
21358 posts
Posted on 8/9/22 at 9:31 am to
quote:

Sometimes it is accurate but a lot of times articles are completely wrong


It’s a collection of pieces written by different folks with different view points, and sure, lots of the speculation doesn’t always pan out.

But I prefer reading stuff from there and RigZone than Fox News/Newsmax/CNN/MSNBC when it comes to energy industry.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35458 posts
Posted on 8/9/22 at 9:33 am to
quote:

This article seems pretty apolitical. I don't understand why you are making it political?


Read the thread bro
Posted by CitizenK
BR
Member since Aug 2019
9566 posts
Posted on 8/9/22 at 9:34 am to
quote:


They'll just ship the oil to other markets besides the U.S. like in Central and South America. It's a big world.


This is more like the type of oil needed by refining on the Gulf Coast, unlike to light to refine as is Permian.
Posted by CitizenK
BR
Member since Aug 2019
9566 posts
Posted on 8/9/22 at 9:36 am to
I find journalists to be nothing more than educated morons. It doesn't matter how far left or right they are. About a decade ago, I did some checking into Oil Price when their articles didn't seem to jive with facts and found out who was behind them.

RBN Energy is pretty darned accurate since they have expertise with their inhouse writers in everything from the well to almost the consumer. They did an article on GoM this week but their articles go away in a few days unless you are a paid subscriber. Their subscription rates are high and meant for professionals in the field, not the everyday Bubba.
This post was edited on 8/9/22 at 9:40 am
Posted by tigerinthebueche
Member since Oct 2010
36791 posts
Posted on 8/9/22 at 9:39 am to
quote:

Classic Democrat Party colluding with the offshore drilling industry


More like sunshine pumping extrapolated from industry opinions. Hope it’s true, but I’ll be skeptical till I see it.
Posted by ragincajun03
Member since Nov 2007
21358 posts
Posted on 8/9/22 at 9:49 am to
Yeah, I have subscription access to some of that stuff via work. Would never pay for it on my own dime unless I felt it vital career wise.
This post was edited on 8/9/22 at 10:01 am
Posted by CitizenK
BR
Member since Aug 2019
9566 posts
Posted on 8/9/22 at 9:56 am to
The largest single stockholder in Halliburton was LBJ's wife, Lady Bird. That was as a result of Halliburton buying Brown and Root many decades ago. LBJ stayed at the Lamar Hotel in Houston almost as much as in DC. Brown and Root occupied several floors there. An uncle, who owned a drilling mud company, always stayed in the Lamar during weekly biz trips to Houston and saw LBJ there often.
Posted by Spasweezy
Unfortunately, Louisiana
Member since Jan 2014
6621 posts
Posted on 8/9/22 at 9:58 am to
Energy prices will decrease and admin will tout it as a victory when all they really did was get halfway out of the way. fricking swine.
Posted by CitizenK
BR
Member since Aug 2019
9566 posts
Posted on 8/9/22 at 9:59 am to
I work for myself and don't pay subscriptions but have had meetings with RBN and they know their stuff. Their articles are mostly written due requests by big boys. Some seem like they are green oriented but behind the scenes they see the green stuff as going nowhere but a black hole for tax dollars
Posted by OweO
Plaquemine, La
Member since Sep 2009
114004 posts
Posted on 8/9/22 at 10:01 am to
quote:

Klark Kent


Would rather watch America burn than see anything good happen under the party he doesn't support.

I'd like to see the country do better, I don't give a frick what party is in power.
Posted by NOLAtoABQ
Member since Jun 2022
329 posts
Posted on 8/9/22 at 1:37 pm to
quote:

Would rather watch America burn than see anything good happen under the party he doesn't support.


We know you would.

quote:

I'd like to see the country do better, I don't give a frick what party is in power.


bullshite.
Posted by redstick13
Lower Saxony
Member since Feb 2007
38561 posts
Posted on 8/9/22 at 1:44 pm to
quote:

OilPrice.com


Total piece of garbage site. Their articles are all over the place. Like you, I tend to get my industry news from Rigzone. All that said, the industry is the craziest I've ever seen it right now.
This post was edited on 8/9/22 at 1:45 pm
Posted by SOLA
There
Member since Mar 2014
3337 posts
Posted on 8/9/22 at 1:53 pm to
We’re on the chemical side for O&G. Glad 5 years ago is over
Posted by CitizenK
BR
Member since Aug 2019
9566 posts
Posted on 8/9/22 at 5:19 pm to
My understanding is that breakeven with tiebacks from subsea production units has dropped considerably with deepwater production. It's now cheaper than Russian onshore production.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66946 posts
Posted on 8/9/22 at 5:57 pm to
quote:

I'd like to see the country do better, I don't give a frick what party is in power.


you spew a lot of bullshite on this website, but this takes the cake. for today that is.
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