Oil and Gas Energy Equipment and Services

More

  • HOUSTON _ Baker Hughes Inc. on Thursday reported a loss of $911 million in its second quarter. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share. Baker Hughes shares have dropped 3.5 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 6 percent.

  • July 28- Oilfield services provider Baker Hughes Inc reported a bigger quarterly loss, hurt by impairment and restructuring charges related to writedown of assets, job cuts and contract terminations. Net loss attributable to the company widened to $911 million, or $2.08 per share, in the second quarter ended June 30 from $188 million, or 43 cents per share, a year...

  • July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a quarterly loss, compared with a year-earlier profit, due to lower demand amid reduced drilling activity. Net loss attributable to the company was $217 million, or 58 cents per share, in the second quarter ended June 30, compared with a profit of $289 million, or 74 cents per...

  • BAAR, Switzerland _ Weatherford International Ltd. on Wednesday reported a loss of $565 million in its second quarter. The average estimate of 19 analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share. Thirteen analysts surveyed by Zacks expected $1.43 billion.

  • WINNIPEG/ CALGARY, July 26- An oil spill into a major Canadian river from a Husky Energy Inc pipeline started late on July 20, but flows were not shut down until the following morning, the company said on Tuesday. Husky's incident report, released by the Saskatchewan government, said the leak started on July 20 at 8 p.m. CST in the western province.

  • HOUSTON _ Flotek Industries Inc. on Tuesday reported a loss of $2.3 million in its second quarter. Flotek Industries shares have climbed 15 percent since the beginning of the year. Keywords: Flotek Industries, Earnings Report.

  • WINNIPEG/ CALGARY, July 26- An oil spill into a major Canadian river from a Husky Energy Inc pipeline started last Wednesday evening and crews did not arrive on site until the following morning, the company said on Tuesday. Husky's incident report, released by the Saskatchewan government, said the leak into the North Saskatchewan River was discovered on June 20 at...

  • July 26- An oil spill into a major Canadian river from a Husky Energy Inc pipeline started last Wednesday evening and crews did not arrive on site until the following morning, the company said on Tuesday. Husky's incident report, released by the Saskatchewan government, said the leak into the North Saskatchewan River was discovered on June 20 at 8 p.m. local time in...

  • Heavy oil and diluent leaked from a 19- year-old pipeline in Husky's Saskatchewan Gathering System on Thursday, flowing into the North Saskatchewan River, which supplies water to several communities in the western Canadian province. The northern part of the system will remain down until Husky has "dealt with the crisis at hand," said Husky executive Al Pate,...

  • HOUSTON _ Superior Energy Services Inc. on Monday reported a loss of $470.9 million in its second quarter. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share. Twelve analysts surveyed by Zacks expected $364.6 million.

  • July 25- An oil leak from a Husky Energy Inc pipeline into a major Canadian river has forced a second city in the province of Saskatchewan to stop drawing drinking water, officials said on Monday, widening the impact and cost of the spill. The heavy oil and diluent leaked from Husky's Saskatchewan Gathering System pipeline on Thursday, flowing into the North...

  • July 25- An oil spill by Husky Energy Inc into a major Canadian river reached the city of Prince Albert, Saskatchewan on Monday, hours earlier than expected, as workers there raced to stretch a 30- kilometre hose to draw drinking water from another source. The heavy oil and diluent leaked from Husky's Saskatchewan Gathering System pipeline on Thursday, flowing...

  • In a telephone conference with reporters, officials from the province of Saskatchewan said they had built five booms to contain the spill and were working with Husky and the federal government on a cleanup plan. The oil plume had passed the village of Maymont, more than 100 km downstream from where the spill started, said Wes Kotyk, executive director of...

  • July 24- Authorities have recovered at least 40 percent of the 1,572 barrels of oil that leaked into a major western Canadian river, but the spill is still moving downstream and threatening the drinking water of riverside communities, officials said on Sunday. The heavy oil and diluent leaked from Husky Energy Inc's Saskatchewan Gathering System pipeline on...

  • The city of North Battleford, which draws its drinking water in part from the North Saskatchewan River, shut its supply intake on Friday and switched to using ground water, provincial officials said in a telephone conference with reporters. Water levels rose on Friday, pushing debris into the booms upstream from North Battleford, a city of 14,000, and the oil...

  • July 22- Efforts to contain an oil spill in a major western Canadian river faced a setback on Friday, after water levels rose, allowing the oil to flow past containment booms and downstream toward a small Saskatchewan city, provincial officials said. The city of North Battleford, which draws its drinking water from the North Saskatchewan River, shut off its supply...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 371 rigs sought oil and 88 explored for natural gas this week. Among major oil- and gas-producing states, Texas gained 15, California was up by two and New Mexico gained one. Arkansas, Colorado, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.

  • 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 government hopes that a boom in the river will seal the spill downstream near the village of Paynton, where the...

  • 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."