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Offshore Drilling News

News on Offshore Drilling continually updated from thousands of sources around the net.

1 hr ago | The Motley Fool

Diamond Offshore Drilling, Inc. Navigates Through a Tough Quarter to Beat Estimates

The offshore driller reported revenue of $692 million and net income of $90 million, or $0.65 per share.


Related Topix: Energy, Oil & Gas, Diamond Offshore Drilling

3 hrs ago | Seeking Alpha

Seadrill: Is This 10%-Yielder A Good Investment?

Seadrill's earnings are expected to grow rapidly in the next five years, and this should allow it to sustain the dividend.


Wed Jul 23, 2014

Christian Science Monitor

Democrats at odds over Big Oil's bid for East Coast drilling

Sen. Mary Landrieu of Louisiana is an advocate for expanded offshore oil and gas drilling in the US.


Related Topix: US Politics, Mary Landrieu, US News, US Senate, Democrat, Robert Menendez, US House of Representatives, Sheldon Whitehouse

Should the government open more offshore areas to oil and gas drilling?

This June 2011 file photo shows a drilling rig known as the Maersk Developer in the Gulf of Mexico about 250 miles off the coast of Louisiana in about 7,000 feet of water.


Tue Jul 22, 2014

The Mountaineer Publishing Company

Huge issue ahead for North Carolina,

Decades from now, when school children in North Carolina look back on 2014, they might hear about the massive coal ash spill into the Dan River and subsequent legislation requiring cleanup of Duke Energy coal ash ponds.


Related Topix: North Carolina, Pat McCrory, US Governors, US Politics, US News, Barack Obama, Seaboard, NC, Tar Heel, NC

The Hill

Landrieu pushes new revenue model for offshore drilling

Sen. Mary Landrieu used a Tuesday hearing to advocate for legislation that would remove the cap that Gulf Coast states have on the revenue they can receive from offshore drilling royalties and fees.


Related Topix: US Senate, US Politics, Mary Landrieu, Democrat, US News


Transocean spinoff launches IPO

Oil services company Transocean said Tuesday a spinoff started its initial public offering, trading on the New York Stock Exchange under ticker symbol RIGP.



"Deafening" Sonic Cannons to be Used in New Oil Exploration Off U.S. East Coast

New offshore oil and gas exploration activities are set to start along the U.S. east coast after a three-decade hiatus, but a recent Bureau of Ocean Energy Management decision means that companies will be allowed to use sonic cannons as they map the ocean floor.


Mon Jul 21, 2014

Grist Magazine

It's time for Obama to stop selling off our land and water to fossil fuel companies

In its ongoing effort to make life difficult for environment reporters, the Obama administration once again announced major environmental news on a Friday.


Related Topix: Environment, Science, US News, US Politics, US Senate, Sheldon Whitehouse, Democrat

Seeking Alpha

Outlook For Seadrill And Offshore Drillers Slammed By Raymond James

This afternoon, Barron's reported that Raymond James, in an article titled, " Offshore Drillers: No, It's Still Not Time To Buy ", indicated the offshore drilling industry is "in the early innings of a cyclical downturn in utilization and day-rates".


Related Topix: Apparel, Raymond Ltd, Transocean, Oil & Gas


Offshore Drillers: No, It's Still Not Time to Buy

This year started so badly for Seadrill , Transocean and Rowan and other offshore drillers that it shouldn't come as a surprise that some investors are seeing value in their beaten down shares .


Related Topix: Transocean, Oil & Gas, Raymond Ltd, Apparel, Financial Markets

Obama Opening Eastern Seaboard To Oil Exploration

The Obama administration is reopening the Eastern Seaboard to offshore oil and gas exploration, announcing final approval Friday of sonic cannons that can pinpoint energy deposits deep beneath the ocean floor.


Related Topix: Geology

Sun Jul 20, 2014

Irregular Times

Obama Allows Blasting Along Atlantic Shores To Begin New Offshore Drilling

It is a time of fear in the face of freedom, a time of an emptying country and swelling cities, a time for the widening of previous roads and the opening of new paths, yet a time when these paths are mined by knowing algorithms of the all-seeing eye.


Related Topix: Oil Spill, US News, Liberal Political News

Metal Center News

9-2010 Energy Pipe and Tube Market

As could be expected, the BP oil spill in the Gulf of Mexico has affected the oil country tubular goods market.


Related Topix: 9, Oil Spill, Baker Hughes, Oil & Gas, Financial Services, BP Prudhoe Bay Royalty Trust, Energy, Seanor, PA, Opinion

Sat Jul 19, 2014

The Motley Fool

Why Pay up for Transocean?

The deepwater driller famously uses the website for its corporation, but it continues to struggle with old rigs in a market that demands the most modern capabilities.


Related Topix: Transocean, Oil & Gas

Seeking Alpha

Ensco: One Of The Best Picks In The Sector?

Ensco is one of the most attractive off-shore drilling companies due to its strong fleet of 77 rigs - including both ultra-deepwater and shallow-water units.


Related Topix: Energy, Oil & Gas, Ensco International, Total Sa

Obama Admin. Clears Way for Dynamite-Like Blasts to Search for Oil & Gas Off East Coast

Today, the Obama administration released a decision authorizing the use of dynamite-like blasts to search for oil and gas deposits deep below the ocean floor in an area twice the size of California, stretching from Delaware to Florida.


Fri Jul 18, 2014

Myrtle Beach Online

Obama moves closer to Atlantic oil seismic tests

The decision on Friday doesn't authorize the tests, done by ships towing guns that blast high intensity sound waves into the water.


Related Topix: Myrtle Beach, SC

The Miami Herald

Finding oil with sound blasts, by the numbers

The Obama administration on Friday approved using sonic air cannons to map offshore oil and gas in the Atlantic Ocean by measuring sound reverberating through waters shared by whales and other marine life.


The Modesto Bee

Carolinas opinion mixed on offshore drilling

The administration announced sonic cannon that generate sound waves 100 times louder than a jet engine can be used to locate energy deposits beneath the ocean floor.


Related Topix: North Carolina, Pat McCrory, US Governors, Opinion, Business News