Archive | April, 2016

Master Rig International Announces Completion of Jindal Drilling Rig Project

HOUSTON–(BUSINESS WIRE)–Master Rig International (MRI) recently completed an extensive and large-scale inspection, repair and re-certification of the Jindal Drilling Rig Project in Sabine Pass, Texas, USA. After initial inspections of drilling equipment, repair plans were developed and underway in late December 2015. Maintenance and re-certification of drilling equipment began on January 15th, 2016, and MRI […]

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Oil trader who predicted slump sees bull run starting

LONDON (Bloomberg) — Pierre Andurand, a hedge fund manager who predicted the oil collapse, said crude is starting a “multi-year bull run” because low prices have curbed supply. Crude futures, currently trading near $40/bbl, will rebound to $60 to $70 this year and $80 in 2017, the chief investment officer of London-based hedge fund Andurand […]

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