Global: No to further price cutting in U.S. GOM rig market
Ray Tyson Petroleum News Houston Correspondent
Oilfield service company Global Industries, which lost a chunk of money in the 2004 first quarter because of sagging rig markets, says it will no longer slash prices in the U.S. Gulf of Mexico just to satisfy operator demands and their “often onerous terms and conditions.”
In a letter to its custom....
[additional news subjects in this story]
Down 10 rigs from a year ago in Gulf Took big hit in first quarter
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