|Bid||0.260 x 200|
|Ask||0.281 x 1100|
|Day's Range||0.262 - 0.280|
|52 Week Range||0.150 - 0.730|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 16, 2018 - Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
The Zacks Analyst Blog Highlights: Schlumberger, Halliburton, TOTAL, SeaDrill and McDermott
A strong North American drilling market was not enough for Schlumberger (SLB) and Halliburton (HAL) to beat Q1 earnings, while France's TOTAL (TOT) strengthened its low-carbon energy asset portfolio.
Perforadora Oro Negro, an offshore drilling contractor, filed for bankruptcy in the U.S. Friday, seeking an investigation into allegations that the owner of a major competitor teamed up with Mexico’s state-owned oil behemoth to drive Oro Negro out of business. The company, which is carrying nearly $1 billion in debt, sought chapter 15 protection, the part of the U.S. bankruptcy code that deals with international insolvencies, in U.S. Bankruptcy Court in New York. If its request for chapter 15 is approved by Judge Shelley Chapman, who will oversee the case, Oro Negro will receive the benefits of U.S. bankruptcy law, including the so-called automatic stay that halts lawsuits and prevents creditors from seizing assets.
In week 15, the week ending April 13, 2018, all of the offshore drilling stocks rose. Transocean was the best performer among its peers, while Seadrill Partners rose the least in week 15.
NEW YORK, NY / ACCESSWIRE / April 19, 2018 / U.S. markets rose Wednesday as investor optimism continues to be boosted by strong corporate earnings. The S&P 500 Index gained 0.08 percent to close at 2,708.64, ...
Offshore oil driller Seadrill plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday. The company won U.S. court approval on Tuesday for its multi-billion dollar debt restructuring plan after reaching a deal with more than 40 banks, unsecured creditors and shipyards. Obviously, we would like to do it as fast as possible," CEO Anton Dibowitz told Reuters.
Norwegian billionaire John Fredriksen will remain in charge of the Seadrill Ltd. international offshore fleet of heavy drilling equipment under a chapter 11 plan confirmed in a bankruptcy court in Houston....
In week 14, the week ending April 6, 2018, Rowan Companies was the best performer among offshore drilling stocks. The company secured a new contract. As a result, Rowan Companies’ stock price increased last week.
The Zacks Analyst Blog Highlights: Royal Dutch, SM Energy, Kinder Morgan, Carrizo Oil and SeaDrill
Royal Dutch Shell (RDS.A) and upstream player SM Energy Company (SM) decided to offload certain none-core assets, while Kinder Morgan (KMI) stopped work on the controversial Trans Mountain project.
A legal battle over a small oil-drilling company is testing Mexico’s promises of greater transparency and competition made when the country opened its oil industry five years ago.
In a bid to deepen its focus on U.S. shale plays, Marathon Oil (MRO) offloaded its oil acreage in Libya, while SeaDrill (SDRL) announced final restructuring agreement after months of negotiations.
In 4Q17, Transocean’s (RIG) costs increased. With a fall in revenue, Transocean’s drilling-to-revenue ratio rose to 66% in 4Q17 from 46% in 3Q17. Transocean’s operating and maintenance expenses rose by $66 million in 4Q17 to $389 million.
Seadrill, the offshore energy company run by Norwegian billionaire John Fredriksen, quelled opposition to its bankruptcy exit plan by making room for more creditors to invest in getting the company back ...
In 4Q17, Diamond Offshore Drilling’s (DO) drilling expenses rose 3% from the previous quarter and 17.2% from the previous year. Diamond Offshore expects its operating costs in 1Q18 to be $195 million–$200 million. The decrease in costs quarter-over-quarter could be a result of Ocean Sceptor rolling off contract in the fourth quarter and fourth quarter mobilizations of the Ocean Onyx and Ocean Sceptor.
NEW YORK, NY / ACCESSWIRE / February 14, 2018 / Strong performances from banking and technology stocks helped lift the markets further into the green on Tuesday. The Dow Jones Industrial Average gained ...
How Did the Offshore Drilling Industry Perform in January? The rig count dropped by one from the previous week. The rig count is still down by six rigs year-over-year. The rig count is a key demand indicator for the offshore drilling industry. The rig count is 31% or 182 higher than the rig count in the same period in 2017.