(HOUSTON)Stronger moorings for production platforms. Deeper pipelines. Larger supplies of backup electricity, water and other supplies. The petroleum industry has spent vast amounts of time...READ MORE
(DENVER)Oil drilling contractor Noble Corp. on Wednesday said second-quarter net income rose nearly 30 percent on double-digit growth in its contract drilling services business.READ MORE
(NEW YORK)Shares of oil and gas-related companies dropped Tuesday afternoon as crude and natural gas prices slid on the New York Mercantile Exchange. Light, sweet crude for August delivery f...READ MORE
(HOUSTON)Oil and gas drilling services provider Tesco Corp. said Wednesday that its vice president and controller, Robert L. Kayl, was named senior vice president and chief financial office...READ MORE
(NEW YORK)Oilfield service shares rallied Monday as higher crude-oil prices gave investors reason to add to their bets on the sector. Oil prices rose on what the market saw as a modest produ...READ MORE
(HOUSTON)Oilfield services provider Helix Energy Solutions Inc. said Thursday that Chief Financial Officer Wade Pursell will resign his position June 25 and be replaced by Anthony Tripodo.READ MORE
(NEW YORK)Shares of offshore drilling contractors fell along with the rest of the oil sector Monday as crude prices pulled away from record highs. However, an industry analyst predicted the ...READ MORE