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.
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.
Halliburton Co. and Schlumberger Ltd. may have the power to charge higher prices for their oilfield services through 2012 thanks to a backlog of unfinished oil and natural-gas wells that tripled in the past year.
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.
Eight months after BP Plc tried using a device the size of a motor home to snuff out the biggest offshore oil spill in U.S. history, top oil companies haven’t convinced regulators they can prevent another disaster.