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Stock impact report

2 Offshore Drillers In The Race For The OGNC 3-Year Contracts After Seadrill Drops Out [Seeking Alpha]

Seadrill Limited Common Shares (SDRL) 
Last seadrill limited common shares earnings: 8/25 04:01 pm Check Earnings Report
US:NYSE Investor Relations: seadrill.com/investor-relations.aspx
Company Research Source: Seeking Alpha
Summary Courtesy: The 6G ultra-deepwater drillship Platinum Explorer (Operational in 2010) owned by Vantage Drilling Inc (Private company). Investment thesis: The offshore drilling industry plays an important role in the oil and gas supply chain; no one can deny this basic principle even if the industry is now struggling through a strong downturn. Did you know that oil production from offshore locations represents about 29% of the global crude oil production in 2015, according to the EIA? This percentage has been nearly constant since 2005 and is expected to remain the same until 2040. The bulk of the crude offshore production is still in the "shallow waters," which are generally cheaper and less technically challenging when compared to other offshore segments such as the deepwater and the ultra-deepwater. However, this trend will gradually change according to Wood Mackenzie in early April 2017, who was claiming that deepwater developments are turning Show less Read more
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