Shares of offshore drilling companies are trading higher as energy prices gain after Saudi Aramco cancelled or delayed some September crude loadings. Also, Transocean's $80 million drillship contract for offshore Equatorial Guinea may help boost confidence in future orders for the sector.

Shares of oil and gas engineering and services companies are trading higher amid crude price gains due to continued Iranian demands over war reparations, unfreezing of sanctioned assets, and Strait of Hormuz tolling as negotiations with the U.S. may have reached an impasse.

Barclays Maintains Overweight on Noble Corp, Lowers Price Target to $53

Noble shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and narrowed its FY26 sales guidance below estimates.

Shares of oil and gas related-companies are lower amid reports suggesting that Saudi Arabia is attempting to restore crude oil exports quickly through pipeline repairs and ship-to-ship transfers. Also, API and EIA data indicated weekly U.S. crude and distillate inventory growth, further pressuring the oil price.

$HAREHOLDER ALERT: The M&A Class Action Firm Continues to Investigate the Merger—IRDM, VRME, VAL and LAB

Monteverde & Associates PC is investigating four merger transactions to determine if shareholders are receiving fair value. The investigations cover Iridium Communications' sale to Rocket Lab, VerifyMe's merger with Open World Ltd, Valaris' sale to Transocean Ltd, and Standard Biotools' merger with Treeline Biosciences. The firm is offering free consultations to shareholders with concerns about these deals.