Diamond Offshore Drilling has its head office at Houston, Texas, US and owns 17 rigs for offshore drilling of oil that include 4 ships for drilling and 13 platform rigs. Top Oil Exploration and Production Stocks in India by Net Sales: Get the List of Top Oil Exploration and Production Companies in India (BSE) based on Net Sales A select few stocks could skyrocket the most as rollout accelerates for this new tech. Baker Hughes is a leading name on the list of offshore drilling companies in the world and has an extensive portfolio of services related to offshore drilling for oil. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Almost everything in our world today in some way, shape, or form is related to energy or energy products. The top oil companies of 2019 are true titans of the industry. While oil prices have … ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Baker Hughes, one of the largest offshore drilling company has more than 64,000 employees worldwide and is headquartered at Houston, the US. Obviously, this translates into lesser work for the companies that make it possible for upstream players to drill for oil and gas. 29 June 2019 (Last Updated September 21st, 2020 08:51) From Texan drilling giant Schlumberger to London-based offshore contractor Ensco Rowan, Offshore-technology.com profiles the world’s ten … Noble Corporation was founded in 1985 in the Cayman Islands and is regarded as one of the top 10 offshore drilling companies in the world. At the time, GlobalSantaFe was one of the largest offshore drilling companies and the merger was valued at $17 billon. The company was founded in the US, but is currently headquartered in Geneva, Switzerland. Our platform is designed to help companies generate leads, shortlist suppliers, request for proposals, and identify global companies. Transocean is considered one of the largest offshore drilling company and owns over 60 oil drilling rigs and is headquartered at Vernier, Switzerland. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. As it is, the company’s technologically advanced and versatile drilling fleet differentiates it from competitors and provides it with an edge.Over the past 30 days, Transocean has seen the Zacks Consensus Estimate for 2021 improve 15.8%. The company is also grabbing substantial market share in offshore drilling services through dozens of its offshore, barge and jack-up rigs as well … Oil and Natural Gas Corporation: Indian Oil Corporation Limited: Essar Oil: … See 8 breakthrough stocks now>>, Helmerich & Payne, Inc. (HP) - free report >>, Exxon Mobil Corporation (XOM) - free report >>, Nabors Industries Ltd. (NBR) - free report >>, Chevron Corporation (CVX) - free report >>, PattersonUTI Energy, Inc. (PTEN) - free report >>, Royal Dutch Shell PLC (RDS.A) - free report >>. Zacks’ just-released special report reveals 8 stocks to watch. Ensco Plc figures among the top ten companies for offshore drilling of oil and has over 5,400 employees across the globe. It currently carries a Zacks Industry Rank #194, which places it in the bottom 24% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates challenging near-term prospects. Zacks Ranks stocks can, and often do, change throughout the month. Oil stocks have made many millionaires, but this highly cyclic industry is not without risks. The headquarter of this top offshore drilling company is located at Paris, France and is ranked higher than 300 in the list of Fortune Global 500 companies. This category only includes cookies that ensures basic functionalities and security features of the website. Discover Suppliers | Target Prospects | Browse 10M+ CompaniesTry for Free>>. Rowan is a reputed offshore drilling company that was incorporated in 1923 in the United Kingdom by Charles and Arch Rowan. Meanwhile, the same for 2021 has slumped 120.5% over the same timeframe.Despite the dim near-term prospects of the industry, we will present a few stocks that you may want to consider for your portfolio. The downstream operator carries a Zacks Rank #3 and its shares have gained 11% over the past six months. The near-term market softness on account of economic disruption caused by the coronavirus outbreak and the associated oil price rout presents one of the most significant challenges to the Zacks Oil and Gas - Drilling industry.That said, a few of the drilling contractors like Helmerich & Payne (HP Quick QuoteHP - Free Report) , Transocean (RIG Quick QuoteRIG - Free Report) , Patterson-UTI Energy (PTEN Quick QuotePTEN - Free Report) are Nabors Industries (NBR Quick QuoteNBR - Free Report) are well equipped to deal with the prevailing market headwinds driven by greatly reduced costs amid stronger operating efficiencies. Zacks’ just-released special report reveals 8 stocks to watch. Helmerich & Payne: Helmerich & Payne is engaged in the contract drilling of oil and gas wells in the U.S. & internationally. The primary services for offshore drilling of oil undertaken by Halliburton include measurements while drilling, directional and horizontal drilling, multilateral systems, and logging while drilling. Over the past few years, the supermajors have struggled to replace all of the oil and gas they churn out, raising concerns about future production. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Patterson-UTI Energy: Patterson-UTI Energy is one of the largest North American land drilling contractors, having a large, high-quality fleet of drilling rigs. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of negative earnings outlook for the constituent companies in aggregate. The monthly returns are then compounded to arrive at the annual return. What is now part of Transocean made $9.17 billion in 2014. This is because the valuation metric takes into account not just equity but also the level of debt. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The growth of the best offshore drilling company is expected to be driven by technological advancements in oil and gas exploration and high-quality drilling equipment. As a China top oil drilling rig solids control system manufacturer: GN Solids Control now list the top 10 oil drilling rig manufacturers for your reference. Fluor has an estimated annual revenue of almost $19.5 billion and is the largest manufacturer of anti-pollution products in the world. Baker Hughes is another of the top 10 offshore drilling companies and was established by 1907 to be later bought over by the GE group in 2017. Transocean is a top offshore drilling company with an annual revenue of over $7 billion and provides employment to more than 9,000 professionals across the globe. The top 10 offshore drilling companies are forecasted to record a steady growth over the next five years owing to rising demand for crude oil and gasoline across the world coupled with new offshore basins being discovered in Gulf of Thailand, Australia, and the South China Sea. It is mandatory to procure user consent prior to running these cookies on your website. CHRISTOPHER MILLER, STR / NYT Show More Show Less 5 of 5. In this context, Chevron and Royal Dutch Shell’s (RDS.A Quick QuoteRDS.A - Free Report) 2019 oil reserve replacement ratio of just 44% and 76%, respectively, indicates the inability to add proved reserves to the amount of oil and gas produced. We use cookies to understand how you use our site and to improve your experience. Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Presently, almost 100 countries produce crude oil and gas, however, almost half of the global crude oil production comes from the top five oil-producing countries. Transocean, one of the top 10 offshore drilling companies in the world has existed in over 20 countries such as Switzerland, the US, Canada, India, Indonesia, Brazil, and Singapore. But it’s worth taking a look at the industry’s shareholder returns and current valuation first. Of late, be it onshore or offshore, both groups are focusing on improving project economics on the back of lower costs and sophisticated technology. ZacksTrade and Zacks.com are separate companies. Visit www.zacksdata.com to get our data and content for your mobile app or website. The surging prices of fuel globally are also likely to motivate the list of offshore drilling companies to increase their fleet size and drilling capacity to meet the growing demand for oil and gas. Nabors currently carries a Zacks Rank #3 (Hold). Noble Corporation employs over 2,000 professionals worldwide and Royal Dutch Shell contributes almost half to its total revenue. Rowan Companies is presently headquartered at Texas, US and has an annual revenue of over $1.4 billion with Saudi Aramco contributing almost 30% of it in 2017. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The provider of land and offshore rigs carries a Zacks Rank #3 and its shares are up 15.6% over the past six months. Click to skip ahead and see the 5 largest drilling companies in the world. The company is well positioned with a sound mix of high-performance rigs and new rigs working in the key shale plays like Bakken and Permian.The 2021 Zacks Consensus Estimate for this Hamilton, Bermuda-based company indicates 5.1% earnings per share growth over 2020. The top 10 offshore drilling companies account for a significant portion of the energy generated in the form of oil and gas across the world. Consequently, a gradual improvement in drilling activity looks likely.Cost Efficiency to Determine Project Viability:  The highly cyclical nature of the industry makes its participants — which generally build big and expensive drilling rigs — heavily dependent on the prevailing business environment. With not much chance of a significant E&P capex cut reversal next year, drilling activity is expected to remain weak over the near-to-medium term. Ensco Plc is a leading offshore drilling company with an expansive ownership of 38 offshore drilling rigs, 12 ships for oil drilling, and 15 platform drilling rigs. Oil companies lock in drilling, challenging Biden on climate. Halliburton has its head office located at Houston, Texas, US. Zacks has a proven record of recommending stocks with significant upside potential. This website uses cookies to improve your experience while you navigate through the website. Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Transocean is the world’s largest offshore drilling contractor. Some upstream oil companies are taking a conservative approach to help their bottom line. Jan. 10, 2021 Updated: Jan. 12, … Fluor Corporation ranks at 149 in the Fortune Global list and has more than 55,000 professionals working for this largest offshore drilling company. The report is only available for a limited time. Over the past … Recent stocks from this report have soared up to +178.7% in 3 months. Noble Corporation owns 28 rigs for offshore drilling of oil that include 14, jack-ups, 8 drillships, and 6 platform rigs. NASDAQ data is at least 15 minutes delayed. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity. Ensco Plc is another top 10 offshore drilling company in the world and is headquartered at London, UK. Biggest Tech Breakthrough in a Generation Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. The Zacks Oil and Gas - Drilling industry consists of companies that provide rigs on a contractual basis to explore and develop oil and gas. Here follows a comprehensive list of offshore drilling companies to give a holistic picture of the best offshore drilling companies across the world. The goal for companies is to lock in drilling rights on oil and gas leases on vast public lands where they make royalty payments on any resources extracted. Current technology will soon be outdated and replaced by these new devices. Rowan Companies engages in the offshore drilling of oil and owns a fleet of 23 jack-up rigs and 4 drillships. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity. The Site uses cookies to record users' preferences in relation to the functionality of accessibility. From supermajors ExxonMobil (XOM Quick QuoteXOM - Free Report) and Chevron (CVX Quick QuoteCVX - Free Report) to smaller players like Abraxas Petroleum, all have made drastic cuts to their capital expenditures in an attempt to preserve cash and stay afloat. Negative Impact of Weak E&P Investment to Continue: In The slump in oil prices and coronavirus-induced demand shock have pushed drilling activity lower by introducing tremendous uncertainty around the exploration and production (E&P) spending outlook. The most generalized is the contracting of services to specialized companies. Baker Hughes is a top offshore drilling company having an annual revenue of over $17 billion at the end of 2017 and has operations in more than 120 countries across the globe. The goal for companies is to lock in drilling rights on oil and gas leases on vast public lands where they make royalty payments on any resources extracted. To learn more, click here. To get to the stuff that still powers most of the world, you have to dig down into the earth. But opting out of some of these cookies may have an effect on your browsing experience. Which are the notable offshore fields? Zacks Rank #1 Strong Buys have more than doubled the market for 3 decades...and these are the 7 most promising stocks from that list. Noble Corporation had an annual revenue of almost $1.2 billion in the previous financial year and is a prominent name on the lost of offshore drilling companies in the world. President Trump’s top officials are rushing to secure oil drilling leases in Alaska, before he leaves office. Oil exploration companies are turning their attention to the San Antonio area with plans to drill three new wells in Guadalupe County. Lanzhou LS-National Oilwell Petroleum (NOV) oil rig. Early investors could see gains similar to buying Microsoft in the 1990s. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic on this group’s earnings growth potential. Halliburton is ranked among the largest offshore drilling company across the globe and has a presence in more than 70 countries employing over 50,000 people. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Within the industry, it's interesting to note that the volatility associated with offshore drilling companies is much higher than their onshore counterparts and their share prices are more correlated to the price of oil. You also have the option to opt-out of these cookies. However, it is well above the sector’s trailing-12-month EV/EBITDA of 4.94X.Over the past five years, the industry has traded as high as 16.20X, as low as 3.85X, with a median of 9.62X, as the chart below shows. According to a recent research, some of the top offshore drilling companies are Schlumberger, Halliburton, Baker Hughes, Transocean and Noble Corporation. Shengli Highland Oil drilling rig. These operators offer drilling … Transocean, one of the top 10 offshore drilling companies in the world has existed in over 20 countries such as Switzerland, the US, Canada, India, Indonesia, Brazil, and Singapore. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The playing field for global oil & gas companies is changing fast as a result of higher volatility and more uncertain demand growth forecasts, so our experts have put together a top 50 Oil … Rowan Companies is estimated to have 2,800 professionals employed and has a significant presence in over 15 countries with a stronghold in the Gulf crude oil market and Brazil. Also, the largest offshore drilling companies will increasingly focus on mergers and acquisitions to fortify their market position across the globe. The Asia Pacific market is expected to benefit out of these discoveries and is predicted to become the largest region for offshore drilling of oil. Early investors could see gains similar to buying Microsoft in the 1990s. Transocean was founded in 1973 with the merger of Sonat Inc with multiple companies into offshore drilling of oil. This is a list of oilfield service companies – notable companies that provide services to the petroleum exploration and production industry but do not typically produce petroleum. Insights about top trending. In a nutshell, the oil and gas drilling fundamentals remain extremely bearish with most of the companies entirely focused on survival. MATTHEW BROWN and CATHY BUSSEWITZ , Associated Press. Biden wants to end new drilling on those same lands as part of his overhaul of how Americans get energy, with the goal of making the nation carbon neutral by 2050. 1) RG Petroleum Drilling Rig Group One of the Largest China Drilling rig manufacturer for over 30 years experiences. Other top producers on federal land include EOG Resources Inc, ExxonMobil Corp, Occidental Petroleum Corp, ConocoPhillips, and Mewbourne Oil Company. The Rig Technologies segment comprises Canrig, which manufactures and sells top drives, catwalks, wrenches, drawworks, and drilling related equipment such as robotic systems and downhole tools. Noble Corporation was previously known as Noble Drilling Corporation and is headquartered at London, UK. In other words, it’s extremely difficult for any driller to perform well during a commodity downturn. If you do not, click Cancel. Visit performance for information about the performance numbers displayed above. Delayed quotes by Sungard. companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Schlumberger is the largest offshore drilling company in the world with a wide presence in over 85 countries across the globe and there are more than 100,000 professionals employed with the offshore drilling company. Necessary cookies are absolutely essential for the website to function properly. This includes personalizing content and advertising. Since oil and gas companies are debt laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio. While oil prices have rebounded strongly from the coronavirus-induced depths, most producers will likely continue with their ongoing cost reduction efforts in 2021. Patterson-UTI’s proprietary design makes the rigs move faster than conventional rigs, drill quicker and more efficiently.The 2021 Zacks Consensus Estimate for this Houston, TX-based company indicates 2.1% earnings per share growth over 2020. The company’s technologically advanced ‘Apex’ rigs are the key to its success. The Zacks Oil and Gas - Drilling industry consists of companies that provide rigs on a contractual basis to explore and develop oil and gas. Diamond Offshore Drilling has a global presence with offices in countries like Mexico, Brazil, Australia, Norway, and Singapore and had a revenue of $1.5 billion in 2017. For capital-intensive companies, EV/EBITDA is a better valuation metric because it is not influenced by changing capital structures and ignores the effect of non-cash expenses.On the basis of the trailing 12-month enterprise value-to EBITDA (EV/EBITDA), the industry is currently trading at 14.21X, lower than the S&P 500’s 16.82X. Schlumberger was estimated to have an annual revenue of over $30 billion at the end of 2017 and is a market leader in services pertaining to offshore drilling of oil. An offshore drilling company obtains crude oil and gasoline from the seabed and supplies to the global market. It will surprise you to know that the 3 Top Oil Companies have their headquarters in the United States OF America. Ensco Plc is one of the largest offshore drilling company with an annual revenue of around $1.8 billion in the financial year 2017 and was established in 1975 as a successor to Blocker Energy Corporation. According to the most recent data available in 2014 from the U.S. Energy Information Administration, drilling companies drill 35 million feet per year. Jianhan Siji (SJ Petroleum) Oil Drilling Rig. The top 10 offshore drilling companies registered a growth in their annual revenue in the previous financial year and they have thousands of employees with an operational presence in several countries. Upstream companies engage in the exploration and production (E&P) of crude oil and natural gas, which entails searching for oil below the ground and drilling wells in … Drilling is the lifeblood of the oil and natural gas business. HH (Honghua) Land Oil Drilling rig. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. See the report's 7 new picks today, absolutely FREE. The Zacks Oil and Gas - Drilling industry is an 11-stock group within the broader Zacks Oil - Energy sector. Offshore drilling of oil had witnessed a decline in the past two decades, but recent market trends suggest there is going to be a growth for the list of offshore drilling companies due to surging prices of crude oil and high demand for fossil fuel across the globe for the coming five years. NYSE and AMEX data is at least 20 minutes delayed. Nabors Industries, is the largest land drilling company in the US and one of the top international land drilling contractors, with a fleet of more than 200 land drilling rigs operating in significant oil, gas, and geothermal drilling markets worldwide. Do not expect to find in this list oil companies such as Repsol, BP, Shell, etc., although they may have their own units but in a limited number, it is not profitable to have these mobile assets. The stock has gained 36% over the past six months.You can see the complete list of today’s Zacks #1 Rank stocks here. Diamond Offshore Drilling is the seventh largest offshore drilling company and was founded in 1989 after multiple rounds of mergers and acquisitions. The goal for companies is to lock in drilling rights on oil and gas leases on vast public lands where they make royalty payments on any resources extracted. Its technologically-advanced FlexRigs are much in demand and it has already upgraded most of its drilling fleet with the latest technology.The fiscal 2021 Zacks Consensus Estimate for this Tulsa, OK-based company indicates 40.7% earnings per share growth over fiscal 2020. The Zacks Oil and Gas - Drilling industry has lagged the broader Zacks Oil - Energy Sector as well as the Zacks S&P 500 composite over the past year.The industry has declined 45.3% over this period compared with the broader sector’s decrease of 29.2%. That is why so the creation and growth of oil and gas companies continue to develop. In a nutshell, the oil and gas drilling fundamentals remain extremely bearish with most of the companies entirely focused on survival. The global market for offshore drilling of oil is estimated to surpass a value of $125 billion by the end of 2023 growing at a CAGR of more than 4.5% for the coming five years. Top 10 Largest Platinum Mining Companies in the World. Transocean is considered one of the largest offshore drilling company and owns over 60 oil drilling rigs and is headquartered at Vernier, Switzerland. The report is only available for a limited time. Biden wants to end new drilling on those same lands as part of his overhaul of how Americans get energy, with … Transocean was founded in 1973 with the merger of Sonat Inc with multiple companies into offshore drilling of oil. An offshore drilling company is capable of extracting petroleum from as deep as 1,500 meters from the seabed. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Seadrill is one of the top 10 offshore drilling companies with a network of almost 5,000 professionals worldwide and owns over 50 drilling rigs which include jack0up, submersibles, and drillships. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. The top 10 offshore drilling companies are expected to maintain a steady growth for the period of forecast owing to the steep demand for crude oil and gas all around the world. These returns cover a period from January 1, 1988 through January 4, 2021. In this article we will present the 15 largest drilling companies in the world. The company rents out floating, mobile drill rigs, along with the equipment and personnel needed for operations, to oil and gas companies. The world’s biggest offshore drilling companies. In the list, notable subsidiary companies and divisions are listed as sub-lists of their current parent companies. This list of companies and startups in United Kingdom in the oil and gas space provides data on their funding history, investment activities, and acquisition trends. Patterson-UTI currently carries a Zacks Rank #3. Top 30 Oilfield Services Companies 2019 - Middle East's Largest Energy Portal, which delivers latest news, data, analysis and opinion for the region's Energy Professionals. These cookies do not store any personal information. With headquarters in Houston, Texas, Nabors Industries Ltd. generated the highest revenue in its sector at three billion U.S. dollars in 2019. Schlumberger is among the top 10 offshore drilling companies and was established in the year 1926. BizVibe has redefined the concept of B2B networking by helping buyers select the right supplier. The world’s Top Oil Companies that we stated earlier are Exxon, ConocoPhillips, And the Chevron. GlobalSantaFe had its executive offices in Houston, TX, and in 2007 merged with the Swiss drilling giant Transocean. From Business: Canrig Drilling Technology Limited is one of the world's leading suppliers of top drive drilling systems for oil and gas exploration. 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