Parker warns of weaker Q1

Year to strengthen: Gary Rich-led Parker warns of weaker Q1 before recovery

US rig owner Parker Drilling has warned of a drop in first-quarter results due to declines in the domestic market, lower dayrates abroad and higher rig start-up costs.


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?