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Oil and Gas Energy Equipment and Services

  • Income from the company's midstream business rose 63.5 percent to $309 million in the first quarter ended March 31. Operating loss in its refining and marketing segment narrowed as margins rose 18 percent to $11.65 per barrel. Midwest, Southeast and Gulf Coast, processed less crude oil due to higher turnaround activity, or scheduled events where an entire unit...

  • HOUSTON _ Independent Contract Drilling Inc. on Thursday reported a loss of $6.3 million in its first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 14 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, April 26- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May. Swiss-based Mercuria Energy Trading S.A. loaded more than 600,000 barrels of...

  • NEW YORK, April 26- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May. Swiss-based Mercuria Energy Trading S.A. loaded more than 600,000 barrels of...

  • HOUSTON _ Oceaneering International Inc. on Wednesday reported a first-quarter loss of $7.5 million, after reporting a profit in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share. Oceaneering International shares have declined almost 7 percent since the beginning of...

  • NEW YORK, April 26- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May. Swiss-based Mercuria Energy Trading S.A. loaded more than 600,000 barrels of...

  • NEW YORK, April 26- Mercuria Energy Trading S.A. has shipped the first ever reported export of Bakken crude oil to Asia, according to a shipping document seen by Reuters on Wednesday, the latest shift in global oil flows as the United States seeks to draw down its bloated inventories. The Swiss-based energy trader loaded more than 600,000 barrels of Bakken crude, as...

  • HOUSTON _ Superior Energy Services Inc. on Tuesday reported a loss of $91.7 million in its first quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share. Seven analysts surveyed by Zacks expected $379.8 million.

  • *Expects continued activity reduction in Gulf of Mexico. April 25- Baker Hughes Inc said on Tuesday it expects revenue from North America to rise in the current quarter from the first as oil producers drill more onshore wells, helping the oilfield service provider make up for a fall in demand in the Gulf of Mexico. "Activity growth in the U.S. onshore well...

  • The oilfield services provider on Tuesday reported a bigger-than-expected loss and said growth in its well construction business onshore North America was more than offset by increased competition for pressure pumping services and reduced customer spending in the Gulf of Mexico. The Houston, Texas- based company, which is being acquired by General...

  • The oilfield services provider on Tuesday reported a bigger-than-expected loss and said growth in its well construction business onshore North America was more than offset by increased competition for pressure pumping services and reduced customer spending in the Gulf of Mexico. The company, which is being acquired by General Electric Co, said quarterly...

  • HOUSTON _ Baker Hughes Inc. on Tuesday reported a loss of $129 million in its first quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share. Seven analysts surveyed by Zacks expected $2.28 billion.

  • April 25- Oilfield services provider Baker Hughes Inc reported a 15.3 percent fall in quarterly revenue due to lower spending by customers in the Gulf of Mexico and pricing pressure in markets outside North America. The company, which is being acquired by General Electric, said its revenue fell to $2.26 billion from $2.67 billion a year earlier.

  • NEW YORK— Halliburton Co. on Monday reported a narrower first-quarter loss as greater demand for domestic drilling services boosted revenue. The provider of drilling services to oil and gas operators reported a loss of $32 million, or 4 cents per share, compared to a loss of $2.41 billion, or $2.81 per share, a year prior when it had hefty charges.

  • April 24- Halliburton Co reported a smaller quarterly loss from a year earlier, when the oilfield service provider recorded $2.77 billion in charges. Net loss attributable to Halliburton narrowed to $32 million, or 4 cents per share, in the first quarter ended March 31, from $2.41 billion, or $2.81 per share, a year earlier. The world's No. 2 oilfield services...

  • CALGARY, Alberta _ Precision Drilling Corp. on Monday reported a loss of $17.1 million in its first quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • COLOMBO, Sri Lanka— Long lines formed at gasoline stations across Sri Lanka on Monday as workers from a state-run petroleum company went on strike to protest the government's plan to lease out oil tanks to neighboring India. D.J. Rajakaruna, secretary of the Ceylon Petroleum Common Workers Union, said workers stopped releasing fuel from 12 storage facilities...

  • *Q1 revenue rises 5.7 pct to $6.89 bln. *Cost of revenue increases 11.3 pct to $6.08 bln. The world's No.1 oilfield services provider said its cost of revenue increased 11.3 percent to $6.08 billion in the quarter ended March 31, outpacing a 5.7 percent rise in revenue.

  • Houston oilfield services company Baker Hughes Inc. said Friday that 688 rigs sought oil and 167 explored for natural gas this week. Texas added six rigs and Alaska, Colorado, North Dakota, Pennsylvania and Wyoming each gained one. Arkansas, California, Kansas, Louisiana, New Mexico, Ohio, Utah and West Virginia were unchanged.

  • *Q1 revenue rises 5.7 pct to $6.89 bln. *Cost of revenue increases 11.3 pct to $6.08 bln. The world's No.1 oilfield services provider said its cost of revenue increased 11.3 percent to $6.08 billion in the quarter ended March 31, outpacing a 5.7 percent rise in revenue.