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Zacks News
US Oil Drillers Spend Conservatively: Rig Count Slides Again
by Zacks Equity Research
Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on the drilling of new wells.
Transocean Adds $352.9M to Backlog Since Last Fleet Status
by Zacks Equity Research
Transocean's (RIG) $91-million worth year-long drilling contract off the coast of Trinidad & Tobago for its semisubmersible Development Driller III is the key component to bolster its backlog.
Oil Drillers Keep Removing Rigs From Permian & Cana Woodford
by Zacks Equity Research
Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.
Drillers Remove Oil Rigs in Permian and Cana Woodford Basins
by Nilanjan Banerjee
Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.
Why Offshore Drilling Stocks Can Make a Comeback in 2020
by Nilanjan Choudhury
It appears that the offshore drilling industry is finally set to rebound from one of the worst slumps that it has ever been through.
Drillers Add Oil Rigs in Permian & Eagle Ford Shale Play
by Zacks Equity Research
Since February 2018, drillers in the United States have added the highest number of rigs in a week.
Oil & Gas Stock Roundup: Chevron's 2020 Capex, Transocean's Contract Win & More
by Nilanjan Choudhury
Chevron (CVX) set its investment budget for 2020 at $20 billion. Meanwhile, Transocean (RIG) announced that it has been awarded a one-year contract worth $91 million.
Transocean's Driller III Contract Win to Add $91M to Backlog
by Zacks Equity Research
The new deal, set to start in second-quarter 2020, will boost Transocean's (RIG) backlog and cash flow.
Drillers in US Plays Add Oil Rigs Despite Conservative Budget
by Nilanjan Banerjee
In Permian, drillers lower rigs in seven of eight weeks.
Oil & Gas Stock Roundup: Kinder Morgan's 2020 Plans, Chesapeake's Debt Financing & More
by Nilanjan Choudhury
The U.S. crude benchmark marked the highest settlement since September after the OPEC+ group announced cutting output by as much as 500,000 barrels per day from Jan 1 for three months.
Oil Drillers Remove Rigs From Permian Basin & Cana Woodford
by Zacks Equity Research
In the Permian Basin, oil drillers remove rigs for seven weeks in a row.
Oil & Gas Stock Roundup: Valaris, Kosmos Energy in the News as Market Waits on OPEC
by Nilanjan Choudhury
The U.S. crude benchmark finished sharply lower last week amid speculation that OPEC and its allies are deeply divided over Saudi Arabia's push for deeper production cuts.
Oil Drillers Remove Rigs From Permian Basin & DJ-Niobrara
by Zacks Equity Research
Domestic drillers may continue to lower rigs in the oil patches as they are spending conservatively.
Why Is Transocean (RIG) Down 5.5% Since Last Earnings Report?
by Zacks Equity Research
Transocean (RIG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Zacks Analyst Blog Highlights: Baker Hughes, Halliburton, Schlumberger, Diamond Offshore and Transocean
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Baker Hughes, Halliburton, Schlumberger, Diamond Offshore and Transocean
Oil Drillers Continue to Remove Rigs From Permian Basin
by Zacks Equity Research
The count of oil rigs in the Permian fell for five consecutive weeks.
Oil & Gas Stock Roundup: Linde, Helmerich & Payne Earnings Top
by Nilanjan Choudhury
Linde plc (LIN) and Helmerich & Payne Inc. (HP) reported better-than-expected September quarter earnings.
Is the Options Market Predicting a Spike in Transocean (RIG) Stock?
by Zacks Equity Research
Investors need to pay close attention to Transocean (RIG) stock based on the movements in the options market lately.
WPX Energy (WPX) Q3 Earnings Lag Estimates, Revenues Beat
by Zacks Equity Research
WPX Energy's (WPX) Q3 earnings miss expectation. Strong production from Delaware and Williston basins allows the company to raise total production forecast for 2019.
Transocean (RIG) Q3 Loss Narrower Than Expected, Sales Beat
by Zacks Equity Research
Transocean's (RIG) Ultra-deepwater floaters contribute about 63.01% to total contract drilling revenues while Harsh Environment floaters and Midwater floaters account for the remainder.
Transocean (RIG) Reports Q3 Loss, Tops Revenue Estimates
by Zacks Equity Research
Transocean (RIG) delivered earnings and revenue surprises of 5.00% and 0.46%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Earnings Preview: Transocean (RIG) Q3 Earnings Expected to Decline
by Zacks Equity Research
Transocean (RIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Oil & Gas Stock Roundup: ConocoPhillips' Australia Asset Sale, Phillips 66's Buyback & More
by Nilanjan Choudhury
ConocoPhillips (COP) entered into an agreement to sell some of its portfolio in Australia for $1.39 billion. Meanwhile, downstream major Phillips 66 (PSX) launched a $3 billion new buyback program.
Oil & Gas Stock Roundup: ExxonMobil & Shell's Q3 Updates, ConocoPhillips' Dividend Hike
by Nilanjan Choudhury
ExxonMobil (XOM) and Royal Dutch Shell (RDS.A) issued updates on their upcoming Q3 earnings. Meanwhile, ConocoPhillips (COP) announced a 38% dividend hike combined with a $3 billion share repurchase.
Transocean Unveils World's First Hybrid Energy Storage Unit
by Zacks Equity Research
Transocean's (RIG) vital technological breakthrough via its operational and safety upgrade aims at lowering the usual fuel consumption by 14%, thereby curbing the toxic NOx and CO2 emissions.