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Sept 5 (Reuters) - Offshore driller Transocean Ltd expects rates to lease drilling rigs to improve and contracting activity to pick up in late 2019, an outlook that drove its recent decision to purchase rival Ocean Rig UDW Inc for $2.7 billion, Chief Executive Officer Jeremy Thigpen said on Wednesday.
The October WTI futures price fell $1.15 for the day, settling at $68.72. The benchmark traded from an intraday high of $69.59 down to $68.59 Wednesday.
HOUSTON, Sept 5 (Reuters) - Weatherford International's full-year earnings before expenses will nearly double from last year, Chief Executive Mark McCollum said on Wednesday, a shift he expects to position the oilfield services provider to begin generating free cash flow.
(The opinions expressed here are those of the author, a columnist for Reuters.
LONDON, Sept 4 (Reuters) - Oil prices rose on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane.
DUBAI/ABU DHABI, Sept 4 (Reuters) - UAE-based Brooge Petroleum and Gas Investment Co (BPGIC) plans to raise $400 million in an initial public offering in London, which could be potentially launched before the end of this year, three sources familiar with the deal said.
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