Diamond Offshore Revenue Rises on Ultra-deepwater Demand
, pushing its third-quarter net income down 44 percent to $52.6 million. Patterson's profit fell 78.5 percent to $16 million, hurt by a nearly $53 million charge. Excluding items, the company earned 47 cents per share, matching estimates, according to Thomson Reuters I/B/E/S. Land driller Nabors Industries Ltd on Tuesday reported the biggest rise in revenue in nine quarters. Diamond Offshore shares were up 4.7 percent at $39.15, while Patterson-UTI shares were little changed at $25.22. (By Shubhankar Chakravorty and Anannya Pramanick; Editing by Don Sebastian
Fluid Imaging Technologies Appoints Director of Oil Markets
; as Director of Sales, Oil & Gas Markets, at Fluid Imaging Technologies. Imaging particle analysis instrumentation manufacturer Fluid Imaging Technologies, Yarmouth, Maine, has appointed oil field technology veteran Stephen Bowen as director of sales, oil and gas markets. Formerly serving Nabors Industries and Well Enhancement Services in executive positions managing a range of oil field technology products, Bowen will be responsible for spearheading sales growth for the company’s FlowCAM® fluid particle imaging instrumentation in the oil and gas industry worldwide. The FlowCAM product
February 2025
