Oil and Gas Energy Equipment and Services

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  • The company said late on Thursday it shut and isolated a pipeline on its Saskatchewan Gathering System, after roughly 200,000 to 250,000 liters of heavy oil and diluent spilled from the line, running into the North Saskatchewan River. The Saskatchewan Gathering System runs from Husky's heavy oil operations east of Lloydminster to facilities in that city,...

  • LONDON, July 22- Crude futures remained on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • July 22- Schlumberger Ltd, the world's No. 1 oilfield services provider, said it expects a "significant global supply deficit" of crude oil, assuming steady growth in demand, given the sharp decline in spending on exploration and production. Energy companies have halved their E&P budgets since oil prices began their slump in June 2014, scaling back drilling to...

  • July 22- Schlumberger Ltd, the world's No. 1 oilfield services provider, said it expects a "significant global supply deficit" of crude oil, assuming steady growth in demand, given the sharp decline in spending on exploration and production. Energy companies have halved their E&P budgets since oil prices began their slump in June 2014, scaling back drilling to...

  • July 22- Schlumberger Ltd, the world's No. 1 oilfield services provider, said it expects a "significant global supply deficit" of crude oil, assuming steady growth in demand, given the sharp decline in spending on exploration and production. Energy companies have halved their E&P budgets since oil prices began their slump in June 2014, scaling back drilling to...

  • LONDON, July 22- Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • LONDON, July 22- Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • *Ruling affirms Philippines rights over energy-rich Reed Bank. MANILA, July 22- The Philippines, eager to resume development of vital oil and gas reserves off its coast, will likely need to reach an accord with a Chinese government infuriated by last week's ruling that granted Manila a big victory in the South China Sea. Beijing has refused to recognize the ruling...

  • *Ruling affirms Philippines rights over energy-rich Reed Bank. MANILA, July 22- The Philippines, eager to resume development of vital oil and gas reserves off its coast, will likely need to reach an accord with a Chinese government infuriated by last week's ruling that granted Manila a big victory in the South China Sea. Beijing has refused to recognize the ruling...

  • HOUSTON _ Oceaneering International Inc. on Thursday reported second-quarter earnings of $22.3 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. Oceaneering International shares have dropped 20 percent since the beginning of the year.

  • THE HAGUE, Netherlands _ Schlumberger NV on Thursday reported a second-quarter loss of $2.16 billion, after reporting a profit in the same period a year earlier. The average estimate of 20 analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Fourteen analysts surveyed by Zacks expected $7.13 billion.

  • July 21- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a quarterly loss, compared with a profit a year earlier, as it took a charge of $2.57 billion related to asset impairments and job cuts. Net loss attributable to the company was $2.16 billion, or 1.56 cents per share, in the second quarter ended June 30, compared with a profit of $1.12...

  • CALGARY, Alberta _ Precision Drilling Corp. on Thursday reported a loss of $44.7 million in its second quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share. Four analysts surveyed by Zacks expected $132.2 million.

  • Halliburton Results

    Oilfield services firms still need higher oil prices in order to encourage producers to restart more rig activity, says Lipow Oil Associates' Andy Lipow.

  • Halliburton Earnings

    Halliburton had aggressively gained market share during the downturn and is now well-positioned as demand picks up, says KeyBanc Capital Markets' Robin Shoemaker.

  • CARACAS, July 20- Oil services provider Halliburton Co on Wednesday reported a $148 million loss as a result of accepting a promissory note in exchange for unpaid invoices linked to Venezuela operations. Halliburton said in a quarterly earnings report that it exchanged $200 million in trade receivables for a promissory note through a financing agreement...

  • July 20- Halliburton Co, the world's No.2 oilfield services provider, posted a quarterly loss, compared with a year-earlier profit, hurt mainly by the $3.5 billion fee it paid for terminating a deal to buy Baker Hughes Inc.. Net loss attributable to Halliburton was $3.21 billion, or $3.73 per share, in the second quarter ended June 30, compared with a profit of $54...

  • HOUSTON— Halliburton Co. on Wednesday reported a second-quarter loss of $3.21 billion, after reporting a profit in the same period a year earlier. The average estimate of 18 analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share. Halliburton shares have increased 32 percent since the beginning of the year, while the Standard& Poor's...

  • *Saudi Arabia, Kuwait ahead of Iran in sales to teapots. SINGAPORE/ BEIJING, July 18- An Iranian crude cargo loaded by trading house Trafigura is set to arrive in east China this week, heating up the race among oil suppliers to meet the rise in demand for imports from China's independent refineries, trade sources said. Now, Iran is eyeing the new group of Chinese buyers,...

  • HOUSTON/ RUNGE, Texas, July 14- Two years ago, Reg MacDonald's 20- day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. The latest rout in oil prices has been the last straw for many workers just getting back on their feet after the last downturn in 2008, said MacDonald, president of...