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Vol. 9, No. 16 Week of April 18, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


Noble: U.S. Gulf, West Africa drilling markets slow to recover

Ray Tyson

Petroleum News Houston Correspondent

Offshore contract driller Noble Corp., whose 2004 first-quarter profit dropped 28 percent compared to the same period last year, said April 15 that markets in West Africa and on the Gulf of Mexico’s continental shelf have been slow to recover, despite strong product pricing. “While we believe the dr....

    [additional news subjects in this story]

Day rates down, as are rig utilization rates

Day rate on domestic jack-up up 45%


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