US Court Approves Seadrill's Bankruptcy Exit Plan
A U.S. judge said on Tuesday he would approve Seadrill Ltd's plan to exit its Chapter 11 bankruptcy, in which the global offshore oil and gas drilling company would shed billions of dollars of debt and raise $1 billion in new investment. U.S.
SEACOR Holdings Top Deck Expands
SEACOR Holdings announced that it has expanded its Board of Directors to six members and added Christopher P. Papouras to fill the newly created position. Papouras, 50, has been President of Nabors Drilling Solutions, a division of Nabors Industries Ltd.
Facebook's Zuckerberg Drills Down into North Dakota's Oil Patch
Facebook Inc Chief Executive Mark Zuckerberg toured a North Dakota drilling rig on Tuesday and peppered industry workers in the No. 2 U.S. oil-producing state with questions about automation, safety and fracking.
Options Bulls Betting on U.S. Energy Rebound
Some U.S. equity options traders are betting that the recent rebound in the price of crude oil spells good news for the battered energy sector. The S&P energy index is still down about 9.9 percent this year…
Nabors Posts Bigger Loss on Impairment Charge
Contract driller Nabors Industries Ltd posted a bigger quarterly loss, largely due to an impairment to the carrying value of the company's investment in C&J Energy Services Ltd. The net loss attributable to Nabors widened to $184.7 million…
Nabors Posts Quarterly Loss as Oil Tumbles
Contract driller Nabors Industries Ltd posted a quarterly loss, compared with a year-earlier profit, as oil producers used fewer rigs amid persistently low crude oil prices. Net loss attributable to Nabors was $398.3 million…
Nabors Industries Posts Q2 Loss
Contract oil and gas driller Nabors Industries Ltd posted a second-quarter loss compared with a profit a year earlier, hurt by depressed drilling activity in North America due to weak oil prices. Net loss attributable to Nabors was $36.8 million…
U.S. Fracker Dilemma: Crouch or Pounce?
U.S. shale oil producers, having weathered the worst price plunge in their industry's brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling…
Nabors Reports Q4 Loss as Drilling Slows
Onshore and offshore driller Nabors Industries Ltd swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices. The company's shares fell 2.7 percent to $12.20 in after-hours trading on Monday.
Nabors Posts Quarterly Loss as Drilling Activity Slows
Offshore driller Nabors Industries Ltd reported a quarterly loss, hurt by lower drilling activity amid a slump in global crude prices. The company posted a net loss of $891.1 million, or $3.08 per share, in the fourth quarter ended Dec.
Few Big US Land Drillers Set to Ride Out Oil Downturn
Large U.S. onshore drilling firms that operate new, faster rigs are best placed to weather the looming downturn brought by slumping crude prices and could gain market share from smaller drillers with considerable debt and outdated equipment.
C&J Energy, Nabors Merger on Hold
A Delaware court has held up the merger of oilfield services provider Nabors Industries Ltd's unit with C&J Energy Services Inc, saying C&J's board did not adequately shop the company, the Wall Street Journal reported…
Diamond Offshore Revenue Rises on Ultra-deepwater Demand
Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 4.5 percent rise in third-quarter revenue, helped by higher demand and improved rates for its ultra-deepwater rigs.
Walking, 'talking' drilling rigs aim to modernize fracking
The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier. Schramm Inc, which built the drilling rig that four years ago helped rescue 33 trapped Chilean copper miners…
