Popular news, February 23 – March 1, 2015

What sparked your interest the most in the previous week was an article containing an infographic that details how oil prices affect everything.

A research was carried out to investigate how the price of oil has had a huge effect on the global economy and how it impacts our lives in general.

You will find that the results uncovered some fascinating facts in the event of oil price fluctuation.

Our second most read story of the week was about a Houston-based drilling contractor, Diamond Offshore, bracing for termination of six rig contracts as its customers are looking to cut costs in a depressed market stemming from low oil prices.

Next article on our list was not a happy one as Archer, a supplier of drilling and well services, decided to let go 1000 workers.

Scroll down for more popular news of the week.

1. Infographic: How oil prices affect everything

2. Diamond Offshore braces for termination of six rig contracts

3. Archer to let go 1.000 workers

4. Kvaerner loses Johan Sverdrup bid. Staff cuts imminent

5. Odfjell Drilling: Fierce competition ahead for new rig contracts

6. McDermott, Petrofac team up to pursue SURF projects

7. Unite warns: Offshore working standards rapidly deteriorating

8. Seadrill willing to ‘modify’ current rig contracts

Offshore Energy Today Staff