Oceaneering International Inc., the world’s largest provider of underwater robots to the oilfield, climbed to an all-time high after beating profit expectations, raising earnings guidance for the year and boosting its dividend.
Nabors Industries Ltd., the world’s largest land-rig drilling contractor, said second-quarter operating results will miss analysts’ estimates on higher costs. The company also adopted a shareholder rights plan, designed to deter an unsolicited takeover.
FMC Technologies Inc., the largest U.S. provider of subsea gear to the oil and natural gas industry, climbed the most in more than six months after beating expectations for orders last quarter and forecasting another record year.
Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated dividend payments following pressure from billionaire shareholder Carl Icahn.
David and Frederick Barclay, the billionaire owners of the Daily Telegraph, won dismissal of an Irish developer’s lawsuit that accused them of illegally trying to gain control of a group of luxury London hotels.
FMC Technologies Inc., the largest U.S. provider of subsea equipment to the oil and natural-gas industry, agreed to buy Pure Energy Services Ltd. for about C$282 million ($285 million) to expand its services to companies performing hydraulic fracturing.