Oil and Gas Energy Equipment and Services

More

  • 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."

  • 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.