Offshore Drilling News
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5 hrs ago | The Chronicle Herald
Fire boat response crews battle the blazing remnants of the offshore oil rig Deepwater Horizon in April 2010.
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Police Fatally Shoot Another Black Male Near Ferguson
Critics Slam 'Ice Bucket Challenge' as 'Slacktivism' and 'Stunt Philanthropy'
This Little Kid Is DEVASTATED When His Dad "Steals" His Ear and Nose
10 hrs ago | CBC News
John Bennett of the Sierra Club of Canada Foundation says the National Energy Board's process for approving alternatives to same season relief wells in Arctic waters is a 'dirty trick' meant to curb discussion of whether any alternatives are good enough.
14 hrs ago | Seeking Alpha
Firstly, I need to state that this article is not a full analysis of Transocean .
Although federal regulators are closer than ever to imposing the first minimum standards for oil and gas activity in U.S. Arctic waters, those new mandates are not likely to be in place before next summer, when Shell might resume drilling in the region after a three-year hiatus.
However, further analysis shows that Transocean is still a long way off from where it needs to be to complete its turnaround.
Ocean Rig , which provides offshore drilling service, has moved higher by 5.4% since the company announced its results on August 5, 2014.
Transocean was able to post better-than-expected second quarter results. However, going forward, the company is still facing significant headwinds.
This 2006 file photo shows a rig worker preparing to feed additional drill pipe into an oil well in the Gulf of Mexico.
On August 26, the firm's IPO underwriters are allowed to publish research reports on the Transocean-formed owner and operator of offshore drilling rigs.
Rowan Companies PLC is currently finding it hard to find any friends. The company's shares are driving down and have nearly touched a four-year low.
The oil rig market can be a confusing place for inexperienced investors. For experienced investors, the market itself is not confusing, but the direction in which the industry is currently heading is almost impossible to interpret.
Gulf of Mexico deepwater oil explorer Venari Resources LLC said on Wednesday it had raised $1.3 billion from original backers Warburg Pincus LLC, Kelso & Co, the Jordan Company and Temasek Holdings, as well as new investors.
Updated: Tue Aug 19, 2014 05:05 pm
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