Offshore Drilling

Democrat Kim Schrier advances in Washington primary

Democrat Kim Schrier edged out fellow Democrat Jason Rittereiser in the House primary for Washington's 8th District on Monday as new vote totals …

Elections

Jim Deppe: High risk, little reward from offshore drilling

READERS MIGHT have recently noticed a slick, half-page advertisement in The Pilot from an outfit called ExploreOffshoreUSA.com, a project of the …

Oil & Gas Industry

Cuomo: Offshore drilling near NYC would be 'act of insanity'

ALBANY, N.Y. (AP) — Gov. Andrew Cuomo says he will do whatever he can to fight any federal proposal to expand offshore drilling if it includes areas off New York state.<p>The Democrat made his remarks Friday at an event on Long Island where he announced that additional pieces of the old Tappan Zee …

New York State

Chincoteague officials oppose offshore oil, gas drilling

CLOSE<p>Oceana organizer Matt Heim urged Chincoteague's council to oppose offshore oil and gas drilling.<p>The Chincoteague Town Council has approved a …

Oil & Gas Industry

RigNet Inc's Revenue Jumps as Its Growth Plan Starts Paying Dividends

The provider of remote communications solutions should see further gains from the coming recovery in the offshore drilling market.<p>The rapid rise in …

Investing

Transocean - Second-Quarter Results Analysis

Transocean - The Deepwater Asgard. Year Built: 2014<p>Investment Thesis<p>Transocean (RIG) is one of the strongest offshore drillers with a record backlog …

Business

Noble: Showing Signs Of Recovery

On Thursday, August 2, 2018, offshore drilling contractor Noble Corp. (NE) announced its second quarter 2018 earnings results. The headline numbers …

Business

Opinion: Offshore energy and a strong military go hand-in-hand

When Interior Sec. Ryan Zinke announced plans to consider unlocking the energy America has offshore, he probably expected howls of outrage from the …

Oil Exploration

Transocean Awarded A One-Year Extension For The Semi-Sub Henry Goodrich

<i>Source: Offshore technology. The semi-sub Henry Goodrich.</i><p>Investment Thesis<p>Transocean (RIG) continues to be one of the best offshore drillers with a …

Business

Trump’s Offshore Drilling Plan Roils the Right Coast

The Trump administration’s proposal to allow offshore oil and gas drilling has met near unanimous opposition from Republican candidates up and down the Eastern Seaboard.<p>Carteret County sits in a region of North Carolina known as the Crystal Coast. It’s celebrated for its charming lighthouses, …

Oil & Gas Industry

Diamond Offshore Drilling Is Headed to the Blockchain

No, it won't use offshore drilling rigs to mine cryptocurrencies.<p>We're at the point in the offshore rig industry's downturn where I've lost count of …

Oil & Gas Industry

Offshore drilling contractor Noble's loss widens on $793 million charge

© Reuters. Offshore drilling contractor Noble's loss widens on $793 million charge<p>(Reuters) - Offshore oil and gas drilling contractor Noble Corp Plc …

Oil & Gas Industry

Transocean: Strong Results, Improving Position

On Monday, July 30, 2018, offshore drilling contractor Transocean Ltd. (RIG) announced its second quarter 2018 earnings results. The initial headline …

Oil & Gas Industry

‘Kleptocracy’ is the key

Anne Applebaum’s July 29 Sunday Opinion column, “Butina is just the tip of the iceberg,” aptly summarized Russian meddling’s effects on international relations. But Ms. Applebaum hit it out of the park. She wrote, “Instead, it’s a kleptocratic coup d’état: The modern Kremlin project seeks to …

Opinion

Offshore drilling should also be taboo on Atlantic coastline: letter

CLOSE<p>Eastern Shore of Virginia residents gather at Willis Wharf, Va., home of several aquaculture businesses, on Saturday, May 20, 2017 to protest …

Oil & Gas Industry

Transocean: Still An Able Player In A Very Tough Game

It didn't seem to matter much that revenue and earnings came in well above expectations. Transocean (RIG) was down 3% one hour into the trading day …

Business

The Long-Awaited Offshore Drilling Recovery Should Be Coming Soon

The oil industry had been stuck in a rut for the past several years because it was producing more oil than that market needed. However, thanks to a combination of reduced investment, growing demand, and some help from OPEC, industry fundamentals have improved dramatically over the past year.<p>Because …

Oil

Aban Offshore clocks Q1 net loss of Rs 312.77 Cr

The consolidated total income of the company for the April-June 30, 2018 quarter slipped to Rs 343.27 crore from Rs 435.72 crore registered during …

Oil & Gas Industry

New York governor urges Interior to support state's offshore wind plan

New York Gov. Andrew Cuomo (D) is calling on Interior Secretary Ryan ZinkeRyan Keith ZinkeOvernight Energy: Trump EPA to defend Obama smog rule | …

Wind Power

Diamond Offshore Drilling beats by $0.05, misses on revenue

Diamond Offshore Drilling (NYSE:DO): Q2 EPS of -$0.33 beats by $0.05.<p>Revenue of $268.86M (-32.7% Y/Y) misses by $10.77M.<p>Press Release<p>Now read: <b>Jack-Up</b> …

Business

Ensco: Industry Weakness Affecting Company, But Should Weather Problems

On Thursday, July 28, 2018, offshore drilling giant Ensco plc (ESV) gave a presentation as an accompaniment to its second quarter 2018 earnings …

Oil & Gas Industry

Oceaneering +6% after Gabelli ups to Buy on improving offshore drilling view

Oceaneering (OII +6%) shoots higher after Gabelli upgrades shares to Buy from Hold, as the firm sees an improving environment for offshore drilling …

Business

Diamond: Offshore Deserves Some Attention Again

It has been a few months since I last wrote about one the major offshore drilling operators. I'll admit, after many quarters observing the damage …

Business

With offshore drilling, seismic airguns do serious environmental harm: Column

CLOSE<p>Eastern Shore of Virginia residents gather at Willis Wharf, Va., home of several aquaculture businesses, on Saturday, May 20, 2017 to protest …

Fossil Fuels

Levine Seeks Democratic Gubernatorial Nomination

Former Miami Beach Mayor and gubernatorial candidate Philip Levine was in Pensacola Thursday, speaking to the Escambia County Democratic Women’s …

Miami Beach

Pressure to oppose new offshore oil drilling grows for GOP Congress members in Southern California

Despite recent polling showing the state’s voters strongly opposed to new offshore oil drilling, few Southern California’s GOP Congress members are …

Southern California

Why RigNet Inc.'s Stock Surged Today

The offshore service company's stock leaped even though there was no direct news.<p>What happened<p>Shares of <b>RigNet Inc.</b> (NASDAQ:RNET) rallied on Thursday, …

Oil

Oceaneering International Inc Continues to Battle Sluggish Operating Conditions

The price of oil has improved significantly over the past year. However, that has yet to drive a rebound in the offshore drilling market since it takes a long time to ramp those projects up. Because of that, <b>Oceaneering International</b>'s (NYSE: OII) financial results remained under pressure in the …

Investing

Trump moves to expand drilling off America’s coasts

Trump’s Department of the Interior has proposed the largest expansion of offshore drilling ever. Stand with coastal communities and tell the Trump …

U.S. Dept. of the Interior

Lawsuit challenges Trump’s massive offshore drilling sale in Gulf of Mexico

<b>In this Wednesday, April 21, 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)</b><p>The government is putting 77.3 …

Oil & Gas Industry