We expect offshore drilling powerhouse Transocean Ltd. RIG to beat expectations when it reports second-quarter 2016 results after the closing bell on Wednesday, Aug 3. In the preceding three-month period, the Vernier, Switzerland-based …
Ocean Rig shares crashed nearly 60% Friday after the deepwater drilling contractor announced that it could wind up filing for bankruptcy amid ‘extremely negative’ market conditions that are only expected to worsen. By mid-afternoon trading …
A man from Florida has been accused of trying to bomb numerous Target stores across the United States as part of an …
StockMarketWire.com - Victoria Oil & Gas (VOG) announced the Savannah Oil Services Cameroon S.A. train rig arrived by ship to Douala port and the 2,756 tonnes of bulk load and containers have been offloaded and are ready for customs …
How long will it be before Washington decides to rig the US stock market? Well, it could have happened Monday around noon. The US Treasury admitted that it had been in touch with “market participants.” Was that just a social call or was …
Rick Pendergraft: You would be hard pressed to find a stock that investors are more bearish on than offshore driller Transocean (NYSE:RIG). The company is showing a short interest ratio of 11.2, with over 118 million shares sold short. …
Sinking of the Aban Pearl, a natural-gas exploration rig owned by India’s Aban Offshore in Venezuela, has seen investors desert the offshore drilling and oil field services provider’s stock, dragging it down to its lowest level in about ten months.
It was a week where both oil and gas prices finished sharply lower. On the news front, BP plc BP announced a second …