oil drilling

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...