Diamond Offshore Drilling Losses Continue More Than Expected

Deep Sea Driller Diamond Offshore Drilling reported worse than expected fourth quarter earnings before the market Monday. Revenue continues to be impacted as day rates for deep water drilling rigs fall. The world’s largest offshore drilling company Transocean $RIG report next week.  

Diamond Offshore Losses Continue as Drilling Revenue Plunges

Deep Sea Driller Diamond Offshore Drilling reported third quarter earnings before the market Monday. Revenue continues to be impacted as day rates for deep water drilling rigs fall. The world’s largest offshore drilling company Transocean $RIG reported stronger than expected earnings last week.

Offshore Driller Transocean Reports Smaller Loss With Higher Revenue Efficiency

Transocean, the world’s largest offshore drilling contractor and leading provider of drilling management services released a smaller than expected loss in second quarter results Monday. Competitor Diamond Offshore Drilling $DO reported reported earlier.

Baker Hughes GE Gives Robust Macro Outlook For Oil and LNG

Energy services company Baker Hughes, a GE Co. reported second quarter earnings on Friday before the market opened. $BHGE showed a slight miss on weaker revenue but gave a robust outlook on the macro oil structure. Parent General Electric $GE also reported earnings this morning.

Baker Hughes $BHGE Earnings Miss on Challenging Oil and Gas

Energy services company Baker Hughes, a GE Co. $BHGE reported it’s first earnings since the merger with GE’s oil and gas business on Friday before the market opened. They missed on both EPS and revenue. Parent General Electric $GE also reported weaker earnings this morning.