Lowongan Derrickman & Drillers | Growing CompanyURGENTLY NEEDED!!DERRICKMANThe derrickman perform some or all of the following duties:1. Align and manipulate sections of pipe or drill stem from a platform on the rig derrick during the removal and replacement of strings of pipe, or drill stem and drill bit.2. Assist in setting up, taking down and transporting drilling and service rigs3. Operate and maintain drilling rig diesel motors, transmissions, pumps and drilling mud systems, and mix mud chemicals, cements and additives4. Read gauges to monitor pressure, density, rate and concentration and adjust pumping procedure as required5. Record mud flows and volumes and take samples6. Supervise floorhands and laborersDRILLERS1. Asist with well development and pumping tests2. Direct r
Recently I’ve been researching the income trust sector particularly in heavy detail. One industry group which has been puzzling me is the oil/gas drillers. As I’ve discovered most of the oil drilling is done by the majors themselves, leaving most of the drilling companies drilling for natural gas which is less capital intensive. Currently there [...]
Spectacular documentary I saw tonight on National Geographic. Part of the MegaMovers series. Don't worry, its not one of those old school black&white slideshows you saw in school. A must watch for anyone trying to learn about the oil and oil service industry as it showcases the various planning, logistics, and technologies/ships required to build a natural gas field in the Gulf of Mexico. If you have any oil service stock, whether it be Schlumberger (SLB), TransOcean (RIG), Baker Hughes (BHI), or XTO Energy (XTO), you can't miss this. This
Are oil stocks overpriced? Almost certainly they are, if the stocks in question are the integrated major oil stocks that are the principal focus of institutional investors.The stocks in our "big oils" group have market capitalizations totaling more than $2.75 trillion. Any fund that didn't want to own more than 2% of this set of stocks wouldn't have trouble hiding $55 billion there.A look at market indexes of major oil stocks, XOI and OIX, shows increases in value just this year of plus-21% to plus-23%. That compares with gains in the same period of nearly 8% for the S&P 500 and plus-10% for Nasdaq. Given the herd instincts of professional investors, it is safe to speculate that virtually all of their portfolios that would allow it are crammed full of big oils. Which is one reason the prices are where they are. Special Offer: Peter Way looks at how big block traders hedge their energy and metals bets and gives readers ranges and probabilities of future price movements. Click here to
Are oil stocks overpriced? Almost certainly they are, if the stocks in question are the integrated major oil stocks that are the principal focus of institutional investors.The stocks in our "big oils" group have market capitalizations totaling more than $2.75 trillion. Any fund that didn't want to own more than 2% of this set of stocks wouldn't have trouble hiding $55 billion there.A look at market indexes of major oil stocks, XOI and OIX, shows increases in value just this year of plus-21% to plus-23%. That compares with gains in the same period of nearly 8% for the S&P 500 and plus-10% for Nasdaq. Given the herd instincts of professional investors, it is safe to speculate that virtually all of their portfolios that would allow it are crammed full of big oils. Which is one reason the prices are where they are. Special Offer: Peter Way looks at how big block traders hedge their energy and metals bets and gives readers ranges and probabilities of future price movements. Click here to
Oil and gas stocks surged Wednesday, shaking off the previous close's losses amid a surprisingly bullish report on U.S. fuel supplies and a big 187-point rally in the broad market. At the close, the Amex Oil Index (XOI :1,383.41, +25.88, +1.9% ) was up 1.9% at 1,383 points, with a 2.6% gain by refiner Sunoco Inc. (SUN : 81.71, +2.05, +2.6% ) to $81.71 leading the way. Five of the index's 11 components logged gains of more than 2%. Dow Jones Industrial Average (.DJI :13,482.35, +187.34, +1.4% ) component Exxon Mobil Corp. (XOM :83.35, +1.35, +1.6% ) moved up 1.7% to $83.35 a share while No. 2 Chevron Corp. rose 0.7% to $81.15. The Amex Natural Gas Index (XNG : 516.89, +9.97, +2.0% ) advanced 2% to 516.9 points and the Philadelphia Oil Service Index ($OSX : 256.74, +7.55, +3.0%
The U.S. Congress and oil and natural- gas producers are set to clash over proposals to resolve a mistake which exempts some companies from more than $10 billion in government royalties on Gulf of Mexico drilling leases. Leases issued in 1998 and 1998 by the U.S. Minerals Management Service omitted price thresholds that would require royalty payments when oil and gas prices rise
The U.S. Congress and oil and natural- gas producers are set to clash over proposals to resolve a mistake which exempts some companies from more than $10 billion in government royalties on Gulf of Mexico drilling leases. Leases issued in 1998 and 1998 by the U.S. Minerals Management Service omitted price thresholds that would require royalty payments when oil and gas prices rise
by Eli HoffmannOffshore oil driller stocks such as Transocean (RIG), Noble (NE), GlobalSantaFe (GSF), Diamond Offshore Drilling (DO) and ENSCO (ESV) have been left in the wake of an otherwise booming stock market -- shares trade at 6-7 times 2008e earnings -- on concerns the cyclical industry may be at or near its top.
Investors fear a drop in oil and gas prices could send day rates for rigs,
