Pride International, Inc. today reported that an air reconnaissance effort in the U.S. Gulf of Mexico was completed on September 2 and that its jackup rigs located in or near the path of Hurricane Gustav have been accounted for. The reconnaissance, conducted from a fixed-wing aircraft, found no visible damage to the units. Offshore personnel [...]
Pride International, Inc. has recently announced to the public that its report of drilling rig status and contract information covering the company’s fleet of offshore drilling rigs, its five drilling management projects, and a summary status of its Eastern Hemisphere-based land fleet, has been updated as of August 1, 2008. The updated report, titled “Monthly [...]
Pride International, Inc as reported by media has just released news saying that the company announced that its deepwater semisubmersible rig, the Pride South Pacific, has been awarded a two-well, estimated 90-day contract by an international oil and gas exploration and production company for drilling operations offshore West Africa. The contract is expected to commence [...]
Pride International, Inc. announced it will host an Analyst Meeting on Tuesday, November 18, 2008 from 8:30 a.m. to 12:00 p.m. CT. The meeting will be held at the Omni Hotel in Houston, Texas. Additional details on the meeting, including presenters, topics to be discussed and information on a live internet broadcast will be posted [...]
Goldman Sachs upgraded the oilfield services sector to “Attractive” from “Neutral,” predicting strong profit growth due to greater drilling activity and high oil prices.
Analyst Charles Minervino expects earnings to grow in the double digits through 2011 as high oil prices lead to more rapid rig construction, and both drilling activity and the rates oil companies [...]
Cygnus Oil and Gas Corporation has announced the appointment of three new members to its Board of Directors - Mr. Ted E. Davis, Mr. Ralph D. McBride, and Mr. Alfred J. Moran. The Cygnus Board is now composed of four independent directors in addition to our Chairman and CEO.
Mr. Ted E. Davis retired in 2000 [...]
