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Parker Drilling Stock Split Statement

April 15, 2020
| Archives

As previously announced, on March 19, 2020, Parker Drilling Company filed with the State of Delaware certificates of amendment to the Company’s certificate of incorporation, which became effective upon filing, to effectuate a 1-for-50 reverse stock split, which was followed immediately by a 50-for-1 forward stock split. As disclosed in public filings with the Securities and Exchange

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Transocean letter to shareholders

April 14, 2020
| Archives

As part of Transocean's Annual Report, we are pleased to recognize and thank the entire Transocean team, as we summarize our accomplishments toward furthering our company's strategic position. During the year: We successfully deployed the world's first hybrid energy storage system aboard a floating drilling unit, Transocean Spitsbergen; another first in Transocean's history of introducing revolutionary technologies to

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Lonestar Resources Announces Fourth Quarter 2019 Results

April 14, 2020
| Archives

Lonestar Resources US Inc. reported financial and operating results for the three months ended December 31, 2019. HIGHLIGHTS Lonestar reported a 33% increase in net oil and gas production to a 17,547 BOE/d during the three months ended December 31, 2019 (“4Q19â€), compared to 13,152 BOE/d for the three months ended December 31, 2018 (“4Q18â€). Production was comprised of

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VAALCO announces successful workover at South East Etame 2H well and first quarter 2020 production

April 14, 2020
| Archives

VAALCO Energy provided an operational update including the successful completion of the South East Etame 2H workover and the release of the drilling rig used in its highly successful 2019/2020 drilling program. Highlights Successfully completed a planned workover on the South East Etame 2H well and restored 2,400 gross barrels of oil per day (“BOPDâ€), 650 BOPD net revenue

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Borr Drilling landing LOA’s amidst market chaos

April 14, 2020
| Archives

Borr Drilling Limited is pleased to announce that it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack ups, of which one is a newbuild being activated. The contracts’ estimated duration, excluding options, will be for 365 days and 200 days respectively. The rigs are expected to commence contracts

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Shell, Exxon halt some Gulf of Mexico output due to Exxon pipeline leak

April 14, 2020
| Archives

A leak in a pipeline that carries oil from U.S. Gulf of Mexico offshore facilities has halted production at two fields, Exxon Mobil Corp and Royal Dutch Shell said on Monday. Shell said it temporarily halted production on its 100,000-barrel-per-day deepwater Perdido production hub last Thursday after a subsurface leak was discovered on Exxon’s Hoover Offshore Oil Pipeline

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Baker Hughes to take $15 bln goodwill impairment charge in first quarter

April 14, 2020
| Archives

Baker Hughes Co said on Monday it would take a $15 billion non-cash goodwill impairment charge in the first quarter. The oilfield services provider also expects to take $1.8 billion in charges, primarily related to restructuring and impairment, of which about $1.5 billion will be recorded in the first quarter of 2020. Source: Reuters Check out our other current stories! Chesapeake

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Chesapeake investors vote for reverse stock split to boost share prices

April 14, 2020
| Archives

Chesapeake Energy Corp shareholders on Monday voted in favor of a reverse stock split, a move that is expected to boost the debt-laden shale producer’s share price to avoid a delisting that could trigger calls for some immediate debt repayment. Creditors holding more than $1 billion of Chesapeake debt have the right to demand that the company repurchase

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Popular News – Top 5 from this past week

April 14, 2020
| Weekly Rundown

This past week we had 17.6k page views and the top 5 grabbed up 9.9k of them, below are our top 5 articles for the week of April 5 – April 11! Everyone stay safe and healthy out there! #1 with 6,187 views Pacific Drilling issues letter to staff #2 with 1,256 views Offshore Drillers to see contract cancellations of up to

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