The demand for offshore rigs should remain low for the year with few signs of recovery in the current oil price market, U.S. rig company Hercules Offshore said. “[This year] is shaping up to be a very challenging year for our industry in general and our company in particular,” Hercules Offshore President and Chief Executive Officer John Rynd said in a statement Wednesday. Hercules said it posted a first quarter net loss of $57.1 million, compared to net income of $19.9 million during the first quarter of 2014. Crude oil is trading in a bear market in part because of weak demand and surplus, largely built as a result of increased U.S. […]