After the boom in 2007 and early 2008, the offshore drilling industry downturn in 2009. Decline in oil prices will lead oil companies to reduce drilling budgets, and setting using drops from nearly 100% to 70% in some markets. Day prices - prices paid for services rig - falling by as much as 68%. The case illustrates how supply and demand work together to determine the price and use in the short term, as well as long-term delivery is defined in an industry where additional capacity will take a few years. Also describes how advances in deepwater drilling technology is changing the structure of the industry.
To enhance their effectiveness, color cases should be printed in color. "Hide
by Ramon Casadesus - Masanell, Kenneth Corts, Joseph McElroy Source: Harvard Business School 28 pages. Publication Date: May 22, 2011. Prod. #: 711543-PDF-ENG
Related Case Solutions & Analyses:
Boeing 787: The Dreamliner
Toyota: Demand Chain Management
Google King of Search
How to Foster and Sustain Engagement in Virtual Communities
Philip McCrea: Once an Entrepreneur … (B)
Work is Good: Branding the EmployAbility Mission
UpDown: Confidential Instructions for PHUC
Health Resources & Technology
Implementing Electronic Road Pricing in Singapore: Epilogue (Sequel)
The Home Depot, Inc.
