Core Laboratories recorded a 7.0% rise in revenue for the first half of 2017. The growth was driven by production enhancement, offset by reservoir description.
Unlike many of its competitors who invest heavily in new build rigs to attract higher day rates and demand from customers, Diamond Offshore takes a lower cost approach.
Each company in the offshore drilling industry has a backlog, which is a record of future revenues the company will earn through new and current long-term drilling contracts.
Noble Corporation Plc. (NE) is one of the largest off-shore oil drilling companies in the world, owning the second-largest fleet of Mobile Offshore Drilling Units (or MODUs) in the industry.
