oil drilling

The recent tanker attacks and vessel rerouting near the Strait of Hormuz have once again highlighted just how fragile global energy flows can be. According to Robert Price, CEO of March GL and incoming CEO of Greenland Energy Company, markets may be underestimating the deeper structural risks...

Unilever Plc (NYSE: UL) said Wednesday it was allocating $1.2 billion for its “Clean Future” program to eliminate the use fossil fuels in its cleaning products. What Happened: The Anglo-Dutch multinational said in a statement it was making a “deliberate shift away...

Since its peak on June 8, Precision Drilling Corp (USA) (NYSE: PDS) shares have underperformed the OSX by 1,300 bps, its land driller peers by 1,800 bps and the S&P 500 by 2,875 bps. Jefferies’ Brad Handler upgraded the rating on the company from Underperform to Hold, while raising the...

Morgan Stanley has upgraded Helmerich & Payne, Inc. (NYSE: HP) to Equal Weight, as it sees the company as a defensive play within the sector, particularly relative to challenged offshore names. "Data points from our conference suggest relative tightness in pockets of the high-spec rig market...

Transocean Ltd (NYSE: RIG) is spinning off three of its rigs to Transocean Partners LLC.  Transocean Partners will receive 51 percent stakes in three vessels, Discover Inspiration, Discover Clear Leader, and the semi-submersible Development Driller III. Transocean will maintain the...