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In May 2004, the company sold its worldwide land drilling assets to Precision Drilling for $316.5 million. [5] [6] In August 2004, one of the company's rigs sank in the Mediterranean Sea about 25 miles offshore Egypt after a fire broke out on the rig. [7] In June 2006, the company contracted with Saudi Aramco for 4 of its jackup rigs. [8]
The Diamond Offshore story is somewhat less complex. A subsidiary of Loews , Houston-based Diamond operates 44 offshore rigs, including 32 semi-submersibles, seven jackups, and five dynamically ...
The offshore drilling business has had its ups and downs as it returns to a more normal state nearly two years after the Gulf of Mexico oil spill. Some rig owners such as Transocean (NYS: RIG ...
Offshore is the way forward I've mentioned that SeaDrill is my top pick, and one of our analysts has taken a deep dive into the stock to provide investors with both the positive and the negative ...
S&P 500 constituent Air Products and Chemicals Inc. (NYSE: APD) is spinning off Versum Materials. Air Products and Chemicals will remain in the S&P 500 post spin-off. [238] September 30, 2016: DO: Diamond Offshore Drilling: PLCM: Polycom: Siris Capital Group acquired Polycom. Coty, Inc. replaces Diamond Offshore in the S&P 500 index. [239 ...
Offshore drilling began in California in 1896, when operators in the Summerland Oil Field in Santa Barbara County followed the field into the ocean by drilling from piers built out over the ocean. Leasing California state seabed is controlled by the State Lands Commission, which halted further leasing of state offshore tracts after the Santa ...
Building Products New York City, New York: view: 0000050725 GIII: G-III Apparel Group, Ltd. Consumer Discretionary Apparel, Accessories & Luxury Goods New York City, New York: view: 0000821002 GKOS: Glaukos Corp. Health Care Health Care Equipment San Clemente, California: view: 0001192448 GMS: GMS, Inc. Industrials Building Products Tucker ...
Analysts expect the U.S. stock market could outperform the U.S. economy, thanks largely due to positive operating leverage. Since the pandemic, companies have adjusted their cost structures ...