Valaris Limited VAL, an offshore drilling contractor, has secured a new contract for the VALARIS DS-10 drillship with an undisclosed client. The ultra-deepwater drillship will begin its new assignment...
Transocean Ltd. RIG is a premier offshore drilling contractor, renowned for its dominance in the deepwater and ultra-deepwater drilling markets, with a legacy tracing back nearly a century and headquarters...
Valaris Ltd. VAL, an offshore drilling contractor, has stated that its jack-up rig, Valaris 144, has reached Angola to begin its new drilling assignment. The rig had completed its project in Corpus Christi,...
The offshore drilling company’s net income more than doubled to $133.7 million, compared to the third quarter.
Trump "Drill. baby, drill" initiatives can spark more demand for contract offshore oil drillers. Here are 3 drillers that can benefit from new market demand.
President Joe Biden has taken a significant step to reshape U.S. energy policy by banning new offshore oil and gas drilling across 625 million acres of federal waters. This sweeping prohibition, enacted...
The Zacks Oil and Gas - Drilling industry faces a mixed outlook, with domestic challenges and international opportunities shaping its future. U.S. rig counts have declined by 18% over the past year, limiting...
The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.92%. Stocks on Friday...
Earlier in the year, we reported that the offshore oil and gas sector has been witnessing robust growth ...
The Zacks Oil and Gas - Drilling industry is contending with multiple challenges. First, the U.S. rig count has fallen year over year, slowing drilling activity and impacting service companies' operations....