HAMILTON, Bermuda , July 20, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) will report earnings for the second quarter of 2023 on Tuesday, August 15, 20
BP acquires rights to develop two projects, representing 4 GW of the total capacity.
Fintel reports that Elliott Investment Management has filed a 13D/A form with the SEC disclosing ownership of 7.06MM shares of Seadrill Ltd.
The sale allows Seadrill (SDRL) to unlock value, generate substantial cash proceeds and concentrate on high-grading its portfolio.
The expected uptick in offshore oil and gas exploration spending presents opportunities for companies such as SLB (SLB), Seadrill (SDRL) and Transocean (RIG).
Apart from gauging low-carbon opportunities, MPLX is banking on several organic growth projects.
While the price of oil has fallen significantly since its high of $120 last summer, it still has several bullish catalysts that can ignite another bull run.
With the outlook for energy activity holding up despite some concerns, the Zacks Oil and Gas - Drilling companies like SDRL, PTEN and PDS are worth considering.
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