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Oil and Gas Energy Equipment and Services

  • 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.

  • April 21- Schlumberger NV said on Friday a ramp up in drilling activity in North America boosted pricing for its oilfield services, but the cost of reactivating equipment idled during the slump in crude oil prices gutted margins. "In the first quarter, the North America land market continued to strengthen in terms of both activity and pricing, leading us to begin...

  • April 21- Schlumberger NV said on Friday a ramp up in drilling activity in North America boosted pricing for its oilfield services, but the cost of reactivating equipment idled during the oil price downturn dragged down margins. "In the first quarter, the North America land market continued to strengthen in terms of both activity and pricing, leading us to begin...

  • Earnings, adjusted for non-recurring costs, were 25 cents per share, meeting the average estimate of analysts surveyed by Zacks Investment Research. Analysts surveyed by Zacks expected $6.98 billion in revenue. North America was the lone bright spot, as revenue declined from the previous quarter in Europe, Africa, the Middle East and Asia.

  • The world's No.1 oilfield services provider said on Friday revenue rose to $6.89 billion from $6.52 billion as higher drilling activity in North America also helped roll back discounts offered during the downturn in oil prices. However net profit attributable to Schlumberger fell to $279 million, or 20 cents per share, in the first quarter ended March 31, from...

  • MILAN, April 21- Italy's Saipem is working to expand new lines of business including wind farms to help it cope with a slump in order books among oil services groups. "We're looking to grow in areas like wind farm projects, especially in the North Sea, and dismantling oil and gas platforms," Saipem's chief executive Stefano Cao said on Friday following the company's...

  • *Chinese demand, more crude deliveries to Asia trigger sales. *Crude oil shipments to Asia to hit record levels in April. SINGAPORE, April 20- Crude oil sales from storage tanks around Singapore rose to an 11- month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in...

  • HOUSTON, April 18- Centurion Midstream Group LLC said it acquired a petroleum marketing and transportation business that operates in West Texas from Agave Energy Holdings, a subsidiary of Lucid Energy Group. Price of the purchase was not disclosed. Ken Douglas, Centurion's chief financial officer, said the deal will expand the Dallas- based company's Permian...

  • April 18- U.S. natural gas pipeline exports to Mexico fell to their lowest level since June 2015 due to maintenance on the NET Mexico pipe in Texas, while the first tankers from the United States started delivering liquefied natural gas to Mexico's Gulf Coast. A unit of Mexico's state-owned petroleum company, Petroleos Mexicanos, started importing LNG from...

  • HOUSTON/ PUNTO FIJO, Venezuela, April 18- In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters. The vessel is among many that are constantly contaminated at two major export terminals where they load crude from Venezuela's state-run...

  • MEXICO CITY, April 13- The former chief executive of a Mexican oil services company arrested over a loan scandal that inflicted hefty losses on Citigroup Inc's local Banamex unit was released from prison on Thursday, an official in the city government said. Speaking on condition of anonymity, the official confirmed media reports that Amado Yanez, who was CEO of...

  • ANCHORAGE, Alaska— Alaska's picturesque Cook Inlet is home to endangered beluga whales and wild salmon— and a spider web of oil and natural gas pipelines on the sea floor, many of them placed there five decades ago. Cook Inlet's petroleum production is often overshadowed by Alaska's giant North Slope oil fields, but the inlet is in the spotlight as millions of...

  • Houston oilfield services company Baker Hughes Inc. said Thursday that 683 rigs sought oil and 162 explored for natural gas this week. New Mexico added seven rigs, Oklahoma gained three, Texas increased by two, and California, North Dakota and Ohio each gained one. Arkansas, Colorado, Kansas, Pennsylvania, Utah, West Virginia, and Wyoming were all unchanged.

  • BUENOS AIRES, April 12- Argentina's state-run oil company YPF SA and Schlumberger AG, the world's top oil services provider, have reached a deal to invest $390 million in the Vaca Muerta shale formation, the companies said on Wednesday. In a letter to the Buenos Aires stock exchange, YPF said a division of Schlumberger would invest the full amount and obtain a 49...