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Stock Market & Financial Investment News

News Breaks
January 31, 2014
06:26 EDTRDCRowan battling out-of-control gas well in Gulf of Mexico, Bloomberg reports
In the Gulf of Mexico off the Louisiana coast, workers are attempting to stop the flow of natural gas from an out-of-control well being drilled by Rowan Companies reports Bloomberg. There has been no fire, explosion or oil spill according to EnVen Energy Ventures, the well operator that hired Rowan. The U.S. Bureau of Safety and Environmental Enforcement is monitoring the situation. Reference Link
News For RDC From The Last 14 Days
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July 27, 2015
06:20 EDTRDCU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link

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