On Thursday, Shares of SeaDrill Limited (NYSE:SDRL), gained 7.46% to $8.50, despite oil prices dropped toward six-year lows Thursday on concerns that the global crude glut will worsen when the U.S.’s busy summer-driving season comes to a close, according to WSJ.
Oil prices on Thursday fell 49 cents, or 1.1%, to $44.66 a barrel on the New York Mercantile Exchange, the lowest settlement since March 19. Prices are less than $2 a barrel above the six-year low of $43.46, reached on March 17. WSJ Reports
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regarding semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
Shares of Tenaris S.A. (NYSE:TS), inclined 8.29% to $25.74, during its last trading session.
Tenaris declared its results for the quarter ended June 30, 2015 in comparison with its results for the quarter ended June 30, 2014.
Cash flow from operations amounted to $548 million during the quarter, for a total of $1.4 billion during the first half. Following a dividend payment of $354 million in May 2015, and capital expenditures of $262 million during the second quarter, we maintained a net cash position (cash and other current investments less total borrowings) of $1.8 billion at the end of the quarter.
Tenaris S.A., through its auxiliaries, manufactures and supplies steel pipe products and related services for the energy and other industrial applications. It offers products for oil and gas drilling operations that comprise casings and tubings, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn tubes, tubular and non-tubular accessories, and devices, in addition to technical consulting, pipe administration, and field services.
Finally, Peabody Energy Corporation (NYSE:BTU), ended its last trade flat, and closed at $1.10.
Peabody Energy Corporation President and Chief Executive Officer Glenn Kellow recently declared that A. Verona Dorch has been named Executive Vice President, Chief Legal Officer, Government Affairs and Corporate Secretary.
Dorch will have executive responsibility for providing comprehensive legal counsel for Peabody business activities and will lead the company’s global legal and government affairs functions. Her new role is effective Aug. 17, 2015, and Dorch will be a member of Peabody’s Executive Leadership Team reporting directly to Kellow. She succeeds Alex Schoch, who stepped down from Peabody effective July 31.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments.
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