The oil price has been taking a nose dive for the last 2 weeks, from $70 to just above $60.
This blog won't be about speculating as to why the price of oil is doing what it's doing, or what it's going to do, but it might touch on some of the effects.
Generally at the moment the rig count is pretty low - see here and there'll be a link on the sidebar so I don't need to keep telling you. Utilisaiton rates are also pretty poor.
The general consensus seems to be that deepwater drilling will be popular for a long time yet, while jack ups will fade into cheapness and obscurity eventually.
Having said that, some of the Jack ups in the middle east are looking as if they'll pick up a few contracts, and not just on the cyber rigs either.
Iraq has been big news at the moment, with many of the oil companies telling the Iraqi authorities to get stuffed: the terms just don't seem favourable to the E&P companies.
The coolest thing this week so far has been the round rigs from Sevan Marine. Is it just me or do they look pretty unstable?
Intermittently, I'll be posting my available jobs. If you're interested in applying for any of the positions, please email me at mb.oilblog@googlemail.com with a copy of your CV. If you fit the bill, I'll get back to you, but we get a lot of applicants, so please don't be offended if I don't get back in touch straight away.
Jobs today are:
- Driller, Cyberbase, Jack up, Indonesia - Must be Indonesian.
- Chief Officer/Master Mariner, FPSO, Phillipines - DP, STCW certificate, Shuttle Tanker experience.
- OIM, FPSO, no location yet - STCW Master's Unlimited, FPSO or offshore production experience.