Oil and Gas Energy Equipment and Services

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  • The contract governing Halliburton's acquisition of Baker Hughes, which was valued at $35 billion when it was announced in November 2014, expired on Saturday without an agreement by the companies to extend it, the person added. The U.S. Justice Department filed a lawsuit to stop the deal last month, arguing it would leave only two dominant suppliers in 20...

  • Houston oilfield services company Baker Hughes Inc. said Friday 332 rigs sought oil and 87 explored for natural gas. Kansas, Louisiana, Texas and West Virginia were down two apiece. Alaska, Arkansas, California, North Dakota, Ohio, Pennsylvania, Utah and Wyoming were all unchanged.

  • WASHINGTON— An oil and natural gas field in the western United States is largely responsible for a global uptick of the air pollutant ethane, according to a new study. The team led by researchers at the University of Michigan found that fossil fuel production at the Bakken Formation in North Dakota and Montana is emitting roughly 2 percent of the ethane detected...

  • LONDON/ TRIPOLI, April 28- Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said. Oil output is now less than a quarter of the 1.6 million barrels per day Libya pumped before Muammar Gaddafi fell in 2011, and the National Oil Corporation in Tripoli hopes to ramp it up...

  • HOUSTON _ Superior Energy Services Inc. on Thursday reported a loss of $86.8 million in its first quarter. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share. Ten analysts surveyed by Zacks expected $449.4 million.

  • LONDON, April 28- An Indian-flagged oil tanker is returning to Libya, the North African country's rival oil corporation said on Thursday, after its failed first attempt to export crude oil led to the ship being blacklisted by the United Nations Security Council. The Distya Ameya tanker is heading to the western Libyan port of Zawiya, said Nagi al-Maghrabi,...

  • NEW DELHI, April 28- India has instructed an Indian-flagged oil tanker that has been blacklisted by the U.N. not to discharge its cargo of crude oil from Libya's rival eastern government and to await instructions from the United Nations, a senior Indian government official said on Thursday. The tanker, the Distya Ameya, is carrying 650,000 barrels of crude on...

  • LONDON/ TRIPOLI, April 28- Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said. Oil output is now less than a quarter of the 1.6 million barrels per day Libya pumped before Muammar Gaddafi fell in 2011, and the National Oil Corporation in Tripoli hopes to ramp it up...

  • HOUSTON _ Independent Contract Drilling Inc. on Thursday reported a first-quarter loss of $414,000, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share. Three analysts surveyed by Zacks expected $20.9 million.

  • Brine spills from oil development in western North Dakota are releasing toxins into soils and waterways, sometimes at levels exceeding federal water quality standards, scientists reported Wednesday. Samples taken from surface waters affected by waste spills in recent years in the state's Bakken oilfield region turned up high levels of lead, ammonium,...

  • April 27- Oilfield services provider Baker Hughes Inc said on Wednesday that U.S. rig count will likely stabilize in the second half of the year after falling in the current quarter. Net loss attributable to Baker Hughes widened to $981 million, or $2.22 per share, in the first quarter ended March 31 from $589 million, or $1.35 per share, a year earlier.

  • HOUSTON _ Baker Hughes Inc. on Wednesday reported a loss of $981 million in its first quarter. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share. Baker Hughes shares have dropped roughly 1 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2 percent.

  • April 27- Oilfield services provider Baker Hughes Inc reported a bigger quarterly loss, hurt by a continued decline in drilling activity. Net loss attributable to Baker Hughes widened to $981 million, or $2.22 per share, in the first quarter ended March 31, from $589 million, or $1.35 per share, a year earlier. Revenue fell 41.9 percent to $2.67 billion.

  • The adjacent 310,000 bpd Cardon facility was processing around 110,000 bpd, added Freites, citing Monday's internal report of Venezuela's top refineries in the wind-swept Paraguana peninsula. A shipper close to Venezuela's exports said the Paraguana refineries' processing rate was at historical lows in early April. In the last few months, Venezuela's oil...

  • UNITED NATIONS, April 26- Libya has asked the United Nations Security Council to blacklist an Indian-flagged tanker on its way to Malta carrying crude oil shipped by the rival eastern Libya government, Libya's U.N. envoy said on Tuesday. Libyan Ambassador Ibrahim Dabbashi told Reuters he had written to the Security Council sanctions committee to complain...

  • CALGARY, Alberta, April 25- Oil and gas producer Husky Energy reported a first-quarter loss on Monday and said it has agreed to sell a partial interest in a package of Canadian midstream energy assets to two Hong Kong- based firms for C $1.7 billion in cash. Husky will retain 35 percent interest and remain operator of the assets, which are located in Alberta and...

  • The company's shares fell 9 percent to $9.86 in after-market trading on Monday. Net loss attributable to Nabors was $398.3 million, or $1.41 per share, in the first quarter ended March 31, compared with a profit of $123.6 million, or 42 cents per share, a year earlier. Excluding items, Nabors reported a loss of 29 cents per share, smaller than analysts' average estimate...

  • HOUSTON _ Oceaneering International Inc. on Monday reported first-quarter earnings of $25.1 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Oceaneering International shares have fallen 10 percent since the beginning of the year.

  • NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq stock market:. Perrigo Co., down $21.95 to $99.40. Gannett, the owner of USA Today and other papers, offered to buy Tribune for $388 million.

  • CALGARY, Alberta _ Precision Drilling Corp. on Monday reported a first-quarter loss of $14.5 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share. Four analysts surveyed by Zacks expected $238.1 million.