Equity Research on Hercules Offshore Inc. and Diamond Offshore Drilling Inc. -- Oil and Gas Drilling and Exploration Hits Choppy Waters
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/11/12 -- The oil & gas drilling & exploration industry, which features companies such as Hercules Offshore Inc. and Diamond Offshore Drilling Inc., has been facing some headwinds as of late. Unfavorable weather conditions have disrupted operations for some, and lower crude oil prices have also been a concern. Benchmark crude for November delivery fell recently, as a number of signs showed that growth in Asia may be slowing at a greater rate than anticipated. Get your free reports on and at . There is no commitment to join.
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Dangerous weather can certainly put a damper on offshore production, and those with rigs concentrated in a specific area stand to be most affected should bad weather strike. Hurricane Isaac forced the evacuation of a number of platforms in the Gulf of Mexico. However, some companies, such as Hercules, reported that no significant damage was sustained. Hercules is a good example of a geographically diverse company, as it has operations in regions such as India and the Middle East, as well as the U.S. report is accessible for free by registering today at
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Elsewhere in the industry, select companies have been looking to expand sales by renewing their fleets. Diamond Offshore is a good example of this, as the company announced that a subsidiary has entered into a contract with Jurong Shipyard, to construct a moored semisubmersible rig. Diamond also recently announced that it will be discussing its 3rd quarter operating results on October 18th. report is accessible for free by registering today at
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Datum: 11.10.2012 - 12:00 Uhr
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