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Oil and Gas Energy Equipment and Services

  • LOS ANGELES— The fight over reopening a massive gas storage facility that has been crippled since a major blowout is heading to court. Lawyers for Los Angeles County will ask a Superior Court judge Friday to stop Southern California Gas Co. from restarting operations at Aliso Canyon because of earthquake risks. The storage site above the San Fernando Valley...

  • QUITO, July 27- Ecuador said on Thursday it had successfully negotiated a payment plan with Schlumberger, although it did not specify if the deal included reimbursement for roughly $850 million owed to the oil service company. Ecuador said it had reached a deal to index contracts to international crude prices to better reflect market conditions and spur...

  • HOUSTON, July 27- Oilfield service companies do not expect their businesses will get a major activity boost from oil prices in the second half of this year, but demand is robust enough that they will be able to raise fees, executives said. "We are well structured for the $45 to $55 a barrel range," Andy Hendricks, chief executive of drilling and fracking services...

  • HOUSTON _ Independent Contract Drilling Inc. on Thursday reported a loss of $6.3 million in its second quarter. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 13 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Legislation to close a $2 billion hole in the Pennsylvania state budget will get a vote in the full Senate after clearing committee late Wednesday. Tom Wolf commended the Senate "for taking a responsible step toward balancing the budget," including the tax on gas drillers. Republicans who control the Pennsylvania Senate have agreed on a plan to close a $2 billion...

  • HOUSTON _ Oceaneering International Inc. on Wednesday reported second-quarter earnings of $2.1 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share. Oceaneering International shares have fallen 12 percent since the beginning of the year.

  • LONDON, July 26- Supportive crude prices and strong results from energy firms and auto companies helped European shares rise on Wednesday. "Indications are more positive on the outlook for energy stocks, especially for the most geared such as oil services," said Angelo Meda, head of equities at Banor SIM in Milan. Oil services firm Petrofac added 1.4 percent after...

  • HOUSTON _ Superior Energy Services Inc. on Tuesday reported a loss of $63.8 million in its second quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share. Five analysts surveyed by Zacks expected $456.7 million.

  • *New York shares fall, Paris- listed stock also down. PARIS, July 25- TechnipFMC's shares slid on Tuesday, a day after the oil services company said it had overstated its first-quarter net income by $209.5 million. TechnipFMC shares were down by around 4 percent in New York and in Paris, where the company has a secondary stock market listing, while Saipem shares were...

  • PARIS, July 25- TechnipFMC's shares fell on the Paris stock market on Tuesday after the oil services group said it needed to restate some of its earlier results due to errors in its accounts. TechnipFMC's main stock market listing is in New York, but it has a secondary listing in Paris. Those Paris- listed shares were down by 4 percent in early session trading.

  • *Customers are "tapping the brakes" in North America- call. "This tapping of the brakes is happening all over the place in North America." On Monday, Halliburton swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent.

  • July 24- Halliburton Co swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent. The company's revenue from North America surged 83 percent to $2.77 billion in the second quarter, due to increased demand for pumping and...

  • Halliburton Co. on Monday reported second-quarter net income of $28 million, after reporting a loss in the same period a year earlier. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Seven analysts surveyed by Zacks expected $4.84 billion.

  • Among major oil- and gas-producing states, Louisiana gained four rigs, California increased by two and North Dakota and Utah each gained one. Oklahoma and Texas each declined by three, New Mexico fell by two and Alaska decreased by one. Arkansas, Colorado, Ohio, Pennsylvania, West Virginia and Wyoming were all unchanged.

  • OIL DRILLERS CUT RIGS FOR SECOND WEEK SINCE JANUARY- BAKER HUGHES.

  • THE HAGUE, Netherlands— Schlumberger NV on Friday reported a loss of $74 million in its second quarter. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Eight analysts surveyed by Zacks expected $7.26 billion.

  • July 21- Russia's Eurasia Drilling Company Ltd said on Thursday it would sell a 51 percent stake in the company to the world's No. 1 oilfield services provider, U.S.-based Schlumberger NV. The agreement is subject to approval by the Federal Antimonopoly Service of Russia, the company said. http://bit.ly/2uf0YgD. Schlumberger's attempt to buy a 45.65 percent...

  • SHARARA OIL FIELD, Libya, July 20- When the head of Libya's state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people. Libya's National Oil Corporation raised output to more than one million barrels per day at the end of June for the first time...

  • SHARARA OIL FIELD, Libya, July 20- When the head of Libya's state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people. Libya's National Oil Corporation raised output to more than one million barrels per day at the end of June for the first time...

  • *China pushing to liberalise its huge energy sector. BEIJING/ SINGAPORE, July 19- Beijing on Wednesday issued a draft of new regulations for China's growing oil and fuel storage industry, helping loosen the state-owned oil majors' grip on the sector as the nation pushes to reform its vast energy markets. The main change in the draft is that it removes requirements...