Drilling – Drilling companies physically drill and pump oil out of the ground. The drilling industry has always been classified as highly skilled. The people with the skills and expertise to operate drilling equipment are in high demand, which means that for an oil company to have these people on staff all the time can cost a lot. For this reason, most drilling companies are simply contractors who are hired by oil and gas producers for a specified period of time.
2017-07-18 Segolene Royal, President, COP21: Hope Trump's Paris climate withdrawal is not irreversible
2017-07-12 Joe Zock, Tocqueville Asset Management, and Michael Block, Rhino Trading Partners: Oil inventories at surplus levels
2017-07-09 Dan Yergin, IHS Markit: Hard to re-balance supply oil markets
2017-07-09 Neil Beveridge, Senior Oil and Gas Analyst, Bernstein: OPEC Needs to cut production even more
2017-07-05 Richard Gorry, JBC Energy Asia: Oil market acting 'very rational' amid Gulf states fallout
2017-07-03 Paul Simons, Deputy Executive Director, IEA: Oil will reach greater market equilibrium in second half