Under drilling services the company provides drill bits, drilling fluid systems, completion systems, and integrated project management for well construction projects.
Based in Bermuda, SeaDrill Limited is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.
Drilling services giant Halliburton released its U.S. quarterly earnings report this week, highlighting record revenue generation due to expanded land-based drilling operations and international activities.
"You come in early, you may stub your toe, make mistakes, " David La Prade, head of USR Drilling Services, told CNN at a recent oil and gas conference in Yangon.
The Norwegian Petroleum Directorate expects investments exploration and production costs to keep increasing through 2013, which will directly result in higher revenues for providers of offshore exploration and drilling services.
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But there are more companies exposed to this mess: Smith International ( SII) and Halliburton ( HAL) provided drilling services and Anadarko Petroleum ( APC) also has an interest in the project.
In addition to drilling services, Transocean also provides provides well and logistics services through its integrated services division and also turnkey drilling solutions, planning, engineering and management services and competes with companies like Noble Corp and Diamond Offshore Drilling.
Chesapeake also has a services arm, Chesapeake Oilfield Services LLC, which provides drilling and other oilfield services to various oil and natural gas producers.
In the services and drilling sectors, companies below triple-digit PEs tend to go for multiples of about 20 to 40.
Halliburton is the biggest player in North America, especially in providing drilling and well completion services in the booming shale gas plays in basins like the Haynesville and Marcellus.
Its customer base comprises four of North America's largest providers of pressure-pumping services to the drilling industry: Baker Hughes Inc.
"BP is working with regulators and the industry to ensure that the lessons learned from Macondo lead to improvements in operations and contractor services in deepwater drilling, " Sholars said.
The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources.
It provides engineering, drilling, fracking, well site services, well logging and support services to the energy patch.
It has also left the oil firms hostage to the availability of increasingly expensive and sought-after services, from advanced drilling to deepwater rigs, which a dwindling number of OFS firms can provide.
Several owners of small companies who provide a myriad of services to support offshore drilling in the Gulf, including those who ferry people and supplies to offshore oil rigs, went to federal court to enjoin the federal government from enforcing what they saw as an arbitrarily imposed moratorium.
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Two years later, they founded Yantai Jereh, which grew into a major supplier of oilfield equipment and services for oil and gas drilling, natural gas liquefaction and environmental control.
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Higher offshore and deepwater drilling activity is beneficial to Halliburton since services to deepwater rigs command better rates and also provide scope for the firm to offer integrated solutions to oil and gas companies.
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If Romney is elected, we could expect drilling to pick up and business for energy services firms to get stronger.
The operating environment has certainly improved for Halliburton, as higher crude oil prices and new shale gas drilling projects have brought new opportunities for oil services firms.
Our technologies and services include: surface and subsea drilling and production, monitoring and diagnostics, measurement and controls, large-scale LNG, pipeline compression and inspection, well site and industrial power generation, technologies for the refining and petrochemical industries, and modular CNG and LNG units for transportation sectors.
The seaport also provides supplies and services to more than half of all offshore drilling operations.
Several oil-services companies and politicians in Louisiana have challenged the drilling ban on the grounds that it is arbitrary and has a negative economic impact on the region.
Oilfield services companies provide the tools and equipment required in the exploration of oil including drilling rigs, offshore rigs and transport equipment.
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