Latest Oil platforms Stories

Hercules Offshore to Present at Upcoming Conferences

2012-09-04 10:23:37

HOUSTON, Sept. 4, 2012 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) announced today that John T. Rynd, Chief Executive Officer and President, will present at the following investor conferences: Barclays Capital CEO Power-Energy Conference in New York on Thursday, September 6, 2012, at 12:25 p.m. EDT (11:25 a.m. CDT). Pareto Oil and Offshore Conference 2012 in Oslo, Norway, on Wednesday, September 12, 2012, at 2:10 p.m. Central European Summer Time (8:10 a.m. EDT)....

Hercules Offshore Reports No Damage to Rigs or Vessels from Hurricane Isaac

2012-09-04 02:23:06

HOUSTON, Sept. 4, 2012 /PRNewswire/ -- Hercules Offshore, Inc. (NASDAQ: HERO) reported today that all of its drilling rigs and liftboats located in the U.S. Gulf of Mexico have been accounted for and re-manned. Based on preliminary crew inspections, there does not appear to be any significant damage to the rigs or liftboats as a result of Hurricane Isaac. The Company's facilities in Lafayette, Louisiana also sustained no significant damage. John T. Rynd, President and Chief...

Northern Offshore Announces MOA for Sale of Energy Exerter

2012-08-29 14:20:52

HOUSTON, Aug. 29, 2012 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that a subsidiary of the company has entered into a Memorandum of Agreement for the sale of the jackup drilling rig Energy Exerter to an undisclosed buyer. Closing of the transaction, which is subject to certain routine conditions, is expected by October 19, 2012. An escrowed deposit equal to ten percent of the purchase price has been received. The company expects net proceeds...

Pioneer Drilling Company Announces Name Change to Pioneer Energy Services Corp.

2012-07-30 02:23:15

SAN ANTONIO, July 30, 2012 /PRNewswire/ -- Pioneer Drilling Company (NYSE: PDC) announced that its name has changed to Pioneer Energy Services Corp. The Company's common stock will continue to trade on the New York Stock Exchange but will trade under the new ticker symbol "PES." Pioneer's website is now www.pioneeres.com. "Over the last five years, we have transformed Pioneer from a pure play domestic land contract driller to a diversified energy services provider with operations...

Nabors expects lower 2Q 2012 Operating Income of $220 - $230 million with higher Pressure Pumping and International costs. EPS will also reflect non-cash impairments from ceiling test, consolidation and other asset charges of approximately $300 million.

2012-07-17 02:22:45

HAMILTON, Bermuda, July 17, 2012 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) today announced that it expects its second quarter operating results to be below consensus estimates. The shortfall is attributable to lower than expected results primarily from its Pressure Pumping and, to a lesser extent, its International operations, partially offset by better results in its other US land operations. The lower results are primarily attributable to higher costs. As previously...

FMC Technologies Awarded $200 Million Subsea Equipment Contract for Statoil's Gullfaks South Field Development

2012-07-05 02:21:20

HOUSTON, July 5, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Gullfaks South field development. The contract has an estimated value of $200 million in revenue to FMC Technologies. Gullfaks South will be developed as a fast-track project in blocks 34/10 and 33/12 in the North Sea, in water depths between 425 and 720 feet (130-220...

Pioneer Drilling Provides Update on its Operations and Guidance

2012-06-25 02:22:20

SAN ANTONIO, June 25, 2012 /PRNewswire/ -- Pioneer Drilling Company, Inc. (NYSE MKT: PDC) today provided an update on its operations and guidance for the second quarter of 2012. The Company now expects revenue growth in our Production Services Division to be at the low end of our estimate of approximately 5% to 10%. Margin as a percentage of revenues in that division is now expected to be 40% to 42%, compared to the previous guidance of being flat with the first quarter margin of...

Hercules Offshore to Present at the 2012 Global Hunter Securities Conference

2012-06-20 10:21:19

HOUSTON, June 20, 2012 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) announced today that John T. Rynd, Chief Executive Officer and President, will present at the 2012 Global Hunter Securities Conference in San Francisco, on Tuesday, June 26, 2012, at 11:00 a.m. EDT (10:00 a.m. CDT). Interested parties may listen to the presentation live over the Internet at http://www.herculesoffshore.com. Go to the "Investor Information" link and select "News & Events." To listen...

FMC Technologies Receives Light Well Intervention Services Contracts from Statoil

2012-05-23 10:23:18

HOUSTON, May 23, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE:FTI) announced today that it has signed two five-year contracts with Island Offshore Management AS to supply Light Well Intervention (LWI) services for use by Statoil in the North Sea, contingent on approval from Statoil's partners. Each contract contains options for two, two-year extensions. FMC's LWI services enable cost effective intervention and maintenance operations to be performed on existing subsea...

Hercules Offshore to Present at the UBS Global Oil and Gas Conference

2012-05-21 10:21:18

HOUSTON, May 21, 2012 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) announced today that Son P. Vann, Vice President of Finance and Planning, will present at the UBS Global Oil and Gas Conference in Austin, TX, on Thursday, May 24, 2012, at 10:25 a.m. EDT (9:25 a.m. CDT). Interested parties may listen to the presentation live over the Internet at http://www.herculesoffshore.com. Go to the "Investor Information" link and select "News & Events." To listen to the live...