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Ship Shortage Stalls Offshore Oil Drilling

Oil companies frustrated by inability to exploit new discoveries

By Rob Quinn, Newser Staff

Posted Jun 19, 2008 3:22 AM CDT

(Newser) – A severe shortage of deep-sea drilling rigs will hold up exploitation of offshore oil for years, the New York Times reports. Existing rigs are booked solid for five years, and shipbuilders around the world are scrambling to fill dozens of new orders. Oil companies are... Read full story »

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Ship Shortage Stalls Offshore Oil Drilling

Oil companies frustrated by inability to exploit new discoveries

ship • oil exploration • oil drilling • oil reserves • oil rig • offshore oil

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