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Posts related to ‘offshore drilling’

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Deutsche Bank Surprises with Higher Price Targets on Troubled Oil Service Stocks (DB, BHI, HAL, NBR, HERO, BAS, PTEN, CAM, WFT)

Posted: January 17, 2013 at 12:24 pm

Despite reasonably consistent oil prices and an increasingly favorable overall tolerance for risk, the oil service sector had an ugly year in 2012. After a disastrous first half of the ...
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Demand for Midwater Rigs to Rise (RIG, DO, ESV, NE)

Posted: October 2, 2012 at 1:02 pm

In a note today, Credit Suisse talked up the coming demand for offshore drilling rigs designed for water depths of 1,000 feet to 3,600 feet. The analysts claim that incremental ...
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Transocean Raising Cash?

Posted: September 10, 2012 at 8:16 am

Drill rig operator Transocean Ltd. (NYSE: RIG) this morning announced the sale 38 of its shallow-water drilling rigs to a consortium of private equity firms called Shelf Drilling International Holdings ...
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Warning from Nabors Highlights Concerns for Oil Field Services Results

Posted: July 17, 2012 at 10:13 am

Oil and gas driller Nabors Industries Ltd. (NYSE: NBR) warned this morning that the company expects second-quarter operating results to miss consensus estimate, mainly as a result of higher costs: ...
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US Firm Hits Gas Find Off Israeli Coast

Posted: July 2, 2012 at 12:00 pm

US oil & gas exploration and production company ATP Oil &Gas Corp. (NASDAQ: ATPG) announced this morning that the company’s Middle East subsidiary had successfully drilled a well offshore of ...
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Stunning: Petrobras Spending $224.7 Billion on Offshore Oil (PBR, NE, DO, RIG, HAL, BHI, SLB)

Posted: July 23, 2011 at 9:30 am

Brazil's Petroleo Brasileiro SA (NYSE: PBR), commonly called Petrobras, has approved a plan it announced last September to spend $224.7 billion developing an estimated 5 billion barrels of reserves. The ...
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Transocean Accounting Official Resigns (RIG, BP)

Posted: July 20, 2011 at 3:04 pm

Transocean Ltd. (NYSE: RIG) was all over the news at this time last year. It was a Transocean drilling rig that exploded in the US Gulf of Mexico, killing 11 ...
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US Gulf of Mexico Opens for More Deepwater Drilling (NBL, ESV, HLX, NE, DO, RIG, CVX)

Posted: March 1, 2011 at 11:23 am

Two weeks ago, Federal Judge Martin Feldman told the Obama administration to act within 30 days on a number of drilling permits for the deepwater Gulf of Mexico. The Bureau ...
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Offshore Drilling May Not Be as Strong as Expected (ESV, PDE, RIG, BP, WOPEY, DO, PBR)

Posted: February 7, 2011 at 1:07 pm

Today's announcement of a definitive merger agreement between Ensco plc (NYSE: ESV) and Pride International Inc. (NYSE: PDE) is the first major deal among offshore drillers since the Macondo well ...
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