Your Guide to Offshore Drilling Stocks [The Motley Fool]
Seadrill Limited Common Shares (SDRL)
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Source: The Motley Fool
Your Guide to Offshore Drilling Stocks -- The Motley Fool Your Guide to Offshore Drilling Drilling down into the offshore drilling segment of the oil and gas industry. Matthew DiLallo ( TMFmd9 May , 09 at :7PM Oil companies began venturing offshore in search of new sources of oil and gas more than a century ago. They started in shallow waters near the coast by building piers out into the sea that could hold a drilling rig. Companies soon moved farther away by constructing drilling platforms in the water. Eventually, they developed vessels capable of tapping oil and gas resources far offshore. In recent years, offshore fields supplied 7% of global oil production and 8% of gas supplies. Those numbers rose steadily for years as energy companies invested more money in offshore drilling projects. However, the collapse in oil prices starting in mid-0 took offshore-focused spending with it. The offshore drilling market finally began rebounding in 09. Most industry forecasters anticipate thi
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