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ANGRA DOS REIS, BRAZIL, March 13- Permission for Chevron Corp to resume drilling and water injection at its Frade offshore field in Brazil is being held up by the company's failure to deliver a full report on the causes of a 2012 oil seepage, the head of Brazil's oil regulator said on Thursday.
OSLO, Feb 28- The current slowdown in offshore oil and gas drilling will last 12 to 18 months, and the market for rigs will rebound in 2015, Maersk Drilling said, providing a more optimistic forecast than other drilling firms. Activity in the deep waters off West Africa and Brazil will suffer the most, he said. "
Feb 27- Transocean Ltd, owner of the world's largest offshore drilling fleet, said it could take up to 18 to 24 months for demand to recover as customers delay drilling programs. Transocean, whose deepwater fleet is relatively older than that of its competitors, said about 19 of its deepwater and ultra deepwater rigs will be up for contracts in 2014..
OSLO, Feb 6- Drillers face a year of pain as they take delivery of a slew of new vessels ordered during boom times just as oil companies ruthlessly tighten spending on offshore exploration. Drilling stocks are already down by 20 percent since late last year but analysts at Barclays estimate that there is another 35 percent downside, even under a base case.
The Supreme Court has rejected an appeal filed by businesses affected by a moratorium on deep sea drilling that the government imposed in May 2010.
WASHINGTON, Dec 16- The U.S. Interior Department will not be held in contempt over its actions in the aftermath of the 2010 Gulf of Mexico oil spill after the U.S. Supreme Court declined on Monday to review an appeals court ruling in the government's favor.
*E&P spending to rise more than 7 pct in North America. The Big Oil companies-- Exxon Mobil Corp, Chevron Corp, Royal Dutch Shell Plc and Total SA and BP Plc-- though not targeted by activist investors are also under pressure to boost returns.
Dec 4- Royal Dutch Shell Plc aims to return to Alaskan offshore drilling next July by deploying an upgraded drillship in the Chukchi Sea, while keeping a newly contracted backup drillship ready if needed, according to plans released on Wednesday. Transocean's Polar Pioneer would provide backup.
Some of Thursday's midday movers:
The "Fast Money" traders share their final trades of the day.
Some of the names on the move ahead of the open.
*Transocean reaches deal with Icahn over dividend. *News Corp shares down after the bell. NEW YORK, Nov 11- U.S. stocks edged up on Monday, lifting the Dow to another record closing high in light volume on Veterans Day while investors turned their focus to how soon the Federal Reserve may begin reducing stimulus.
*Transocean reaches deal with Icahn over dividend. NEW YORK, Nov 11- U.S. stocks edged up on Monday, lifting the Dow to another record closing high in light volume on Veterans Day while investors turned their focus to how soon the Federal Reserve may begin reducing stimulus.
U.S. stocks climbed on Monday, with the Dow Jones Industrial Average extending its record rise, as Wall Street looked to earnings reports this week from retailers including Wal-Mart Stores and Macy's to get a read on consumer spending.
*Transocean reaches deal with Icahn over dividend. NEW YORK, Nov 11- U.S. stocks barely budged on Monday in thin trading after investors found little reason to add significant new positions with the Dow and the S&P 500 on a five-week winning streak. Volume on Monday was expected to be quiet, with bond markets closed for Veterans Day.
There is certainly more money going into stock mutual funds this year, but it may not be the tidal wave everyone has been waiting for.
*Transocean reaches deal with Icahn over dividend. *ViroPharma shares soar, to be acquired by Shire for $4.2 billion. said Bryan Sapp, senior trading analyst at Schaeffer's Investment Research in Cincinnati, Ohio.
*Transocean reaches deal with Icahn over dividend. NEW YORK, Nov 11- Wall Street was set for a flat open on Monday as investors took a breather after the Dow and the S&P 500 indexes rose five weeks in a row, while trading volume was likely to be quiet due to the Veterans Day holiday.
The "Squawk on the Street" discuss the deal between Carl Icahn and Transocean to resolve is proxy battle. CNBC's Jim Cramer says Transocean is a long term play but not his favorite.
U.S. stock index futures pointed to a mixed to higher open on Wall Street on Monday.