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DTI News6 articles
Transocean Secures $80M Drilling Deal; Oil Spike Fails to Boost Dayrates
Transocean adds an $80M contract for 2027, but analysts note oil price spikes don't immediately translate into higher dayrates. RIG shares surge 7.8% on optimism.
Coeur Mining Gains on Efficient Las Chispas Drilling Plan
Coeur Mining (CDE) shares climbed 3.5% after announcing a 2026 exploration budget that shows Las Chispas drilling costs are 38% lower per meter than Palmarejo.
Fervo Energy's $8B Valuation Surpasses Ormat; Drilling Milestone Faces Cost Test
Fervo Energy's stock value hits $7.99B, surpassing Ormat's $6.8B, but a $1B cost reduction challenge tests the premium.
Patterson-UTI Rises on Strong Drilling Outlook Despite Oil Decline
Patterson-UTI shares rose 3.1% as the company projected higher rig counts and $220M in Q2 adjusted EBITDA, despite a 3% drop in oil prices and historically low DUC wells.
Transocean Shares Flat as Australian Drilling Contract Signed; Valaris Merger Awaits
Transocean shares closed nearly unchanged at $6.25 after Carnarvon Energy hired a rig for 2027 drilling, but the stock's outlook hinges on backlog growth and the Valaris merger.
Transocean to Acquire Valaris in $5.8 Billion Offshore Drilling Merger
Valaris shares surged 23% after Transocean announced an all-stock acquisition valued at $5.8 billion. The combined entity would operate 73 rigs with an enterprise value of approximately $17 billion.