Transocean lost billions of dollars in the third quarter as it faced sinking demand for offshore rigs and as it wrote down the value of its drilling business.  More »

Swiss drilling contractor Transocean has written off $2.76 billion in book value for its offshore rigs as it faces falling day rates and weaker demand for deep-water drilling.  More »

As Election Day nears in this small city 30 miles north of Dallas, a wary unease has settled over the early voting on a local referendum of national significance. If passed, the proposition would be the first to completely ban the petroleum extraction technique known as hydraulic fracturing in one small corner of the great oil and gas boom state of Texas.  More »

Houston-based drilling rig contractor Hercules Offshore has told Texas regulators it will lay off 324 employees as it shuts down four rigs in the Gulf of Mexico.  More »

Kirby Corp., a Houston-based barge shipping company, is growing its business on shore. Since hydraulic fracturing took off, Kirby has found a growing market for its diesel engine services division. The engines power hydraulic fracturing pumps, and demand has been rising in recent years.  More »

National Oilwell Varco saw higher demand for rig equipment and aftermarket services.  More »

Apollo Global Management is diving deeper into U.S. shale oil and gas with the purchase of one of the largest private companies in Houston.  More »

Oil field service company Weatherford International could announce at least two major divestiture before the end of the year, including one that may occur “imminently” and perhaps within the next week,.  More »

Rising prices for the Bermuda rig contractor’s most advanced machines are helping Nabors crank out more of them for operators in U.S. shale plays.  More »

The next generation of tools designed to help energy companies process oil and gas deep under the oceans could follow uniform industry designs, FMC Technologies CEO John Gremp said.  More »

Nabors Industries collected $61 million in profit in the third quarter on higher North American drilling activity, a year after it faced losses on asset impairments and other charges.  More »

FMC Technologies on Tuesday posted a 46 percent boost to its third-quarter bottom line, largely because of a rise in subsea technology sales and its North American high-pressure fluid control business.  More »