Adjusted EBITDA: $385 million for Q4 2025; $1.37 billion for the full year, up nearly 20% year-on-year. Free Cash Flow: $321 million for Q4 2025; $626 million for the full year. Debt Reduction: ...
Valaris (VAL) +15.7% pre-market Monday after Transocean (RIG) agreed to acquire the company in an all-stock deal valued at ~$5.8B, creating an offshore drilling industry leader with a fleet of 73 rigs ...
The rig count in the Permian Basin was down one this week, the latest count Friday by Baker Hughes shows, with 241 rigs active in the region. A year ago, 303 rigs were active in the region. Nationally ...
An accident involving a massive rig used in ConocoPhillips’ North Slope drilling program on Friday will not have a significant impact on the company’s exploration activity this winter, company ...
An oil rig en route to an oil exploration effort in the Alaskan Arctic toppled onto the tundra. Credit: Doyon Drilling photo via the Alaska Department of Environmental Conservation When ConocoPhillips ...
The oil rig that crashed into the frozen ground on the North Slope near Nuiqsut Friday remains too unstable for responders to access the scene, state officials said. While no serious injuries were ...
A massive drilling rig operating on ConocoPhillips’ behalf toppled over while traveling along a gravel road on Alaska’s North Slope on Friday afternoon, local and company officials said. No one was ...
LONDON, Dec 4 (Reuters Breakingviews) - Shell’s (SHEL.L), opens new tab status as Big Oil’s safest pair of hands has its limits. The $212 billion UK major's dividend is relatively more secure against ...
The total number of active drilling rigs for oil and gas in the United States fell sharply this week, according to new data that Baker Hughes published on Wednesday ahead of the Thanksgiving holiday.
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