Deep Sea Driller Diamond Offshore Drilling reported worse than expected second quarter earnings before the market Monday. Low oil prices comtinueimpacting day rates. The world’s largest offshore drilling company Transocean $RIG reported last week.
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.
Diamond Offshore Still Impacted By Deep Water Drilling Fall
Deep Sea Driller Diamond Offshore Drilling reported lower second quarter earnings before the market Monday announcing a bigger loss. Revenue continue to be impacted as day rates for deep water drilling rigs fall.
Diamond Offshore Drilling Profits Fall With Deepwater Day Rates
Deep Sea Driller Diamond Offshore Drilling reported lower first quarter profits before the market Monday. Revenue fell 20% as day rates for deep water drilling rigs fell.
Oil Drillers Continue to Add Rigs, 6 in US, 14 in Canada
Oil drillers and producers continue to increase oil rigs with WTI over $65. U.S. Oil drilling rigs rose 6 to 765 and Canada added 14 rigs to 234 in the past week General Electric Co’s Baker Hughes reported.
U.S. Oil Rig Count Steady With Record American Production
With U.S. production at record highs U.S. oil rigs held steady this week with WTI crude futures trading higher in a tight range. Natural gas rigs added one more as gas futures continued to slide. Driling activity lags pricing, how long it take drillers to respond to the changing prices?
US Oil Rigs Add 2, Permian Basin back to 400 mark
Higher crude prices prompt drillers to return to drilling.as energy companies added oil rigs for a third week in a row, General Electric Co’s Baker Hughes reported.
Permian Continues To Add Oil Rigs as OPEC Comes and Goes
In a week where OPEC promised to extend production cuts for 2018 U.S. oil rigs rose with Permian rigs continuing to be addedBaker Hughes, a GE co. said. We will have to see if this is a trend back to increased driling activity and how long it takes drillers to respond to the higher prices.
Permian Continues To Add Oil Rigs Ahead of Next OPEC Meeting
U.S. oil rigs were flat this week after rising 9 last week, however Permian rigs continue to be added with 6 more this bast week Baker Hughes, a GE co. said. We will have to see if this is a trend back to increased driling activity and how long it takes drillers to respond to the higher prices.