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Oil and Gas Energy Equipment and Services

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  • Flotek Industries reports 2Q loss Wednesday, 22 Jul 2015 | 5:39 PM ET

    HOUSTON _ Flotek Industries Inc. on Wednesday reported a second-quarter loss of $12.5 million, after reporting a profit in the same period a year earlier. Flotek Industries shares have fallen 32 percent since the beginning of the year. Keywords: Flotek Industries, Earnings Report.

  • Oceaneering International posts 2Q profit Wednesday, 22 Jul 2015 | 5:27 PM ET

    HOUSTON _ Oceaneering International Inc. on Wednesday reported second-quarter earnings of $65.5 million. Oceaneering International expects full-year earnings to be $2.70 to $2.90 per share. Oceaneering International shares have fallen 34 percent since the beginning of the year.

  • ANCHORAGE, Alaska— The Obama administration has given Royal Dutch Shell PLC approval to begin limited exploratory oil drilling off Alaska's northwest coast. "Without question, activities conducted offshore Alaska must be held to the highest safety, environmental protection and emergency response standards," said the bureau's director, Brian Salerno.

  • July 21- Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expects unfavorable market conditions to persist for the rest of the year. "In North America, we don't anticipate activity to increase while commodity prices remain depressed," Baker Hughes Chief Executive Martin Craighead said in a statement...

  • Baker Hughes reports 2Q loss Tuesday, 21 Jul 2015 | 8:09 AM ET

    HOUSTON _ Baker Hughes Inc. on Tuesday reported a second-quarter loss of $188 million, after reporting a profit in the same period a year earlier. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share. Baker Hughes shares have increased 6 percent since the beginning of the year, while the Standard& Poor's 500...

  • July 21- Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, posted a quarterly loss, compared with a year-ago profit, as a steep drop in oil prices kept a lid on drilling activity. Net loss attributable to Baker Hughes was $188 million, or 43 cents per share, in the second quarter ended June 30, compared with a profit of...

  • CF Industries and Exelixis are big market movers Monday, 20 Jul 2015 | 4:32 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Morgan Stanley, down 16 cents to $40.04. CF Industries Holdings Inc., down $3.92 to $65.

  • *U.S. crude futures drop below $50 intraday. NEW YORK, July 20- Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices. August crude, set to expire on Tuesday, fell 74 cents to settle at $50.15, having fallen to $49.85, its first time...

  • *U.S. crude futures drop below $50 intraday. NEW YORK, July 20- Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices. August crude, set to expire on Tuesday, fell 74 cents to settle at $50.15, having fallen to $49.85, its first time...

  • NEW YORK, July 20- Oil futures fell and U.S. crude briefly slipped below $50 a barrel in choppy trading on Monday as ample supply, the prospect of more crude entering the market and the stronger dollar combined to pressure prices. Brent September crude was down 53 cents at $56.57 a barrel at 2:02 p.m. EDT, having swung from $56.45 to $57.44. August crude was down 74...

  • *Halliburton, Baker shares up amid decline in oil stocks. July 20- Halliburton Co said it had tapped BlackRock Inc for $500 million to help fund drilling in existing shale wells, the first such move by a major oilfield services provider at a time when oil producers are shying away from drilling new wells. "Though a relatively small market today, we see significant...

  • NEW YORK, July 20- Brent and U.S. crude slipped in choppy trading along with the seesawing dollar after the currency's early strength pressured dollar-denominated commodities. Brent September crude was down 30 cents at $56.80 a barrel at 11:29 a.m. EDT, having swung from $56.45 to $57.44. August crude was down 47 cents at $50.42.

  • July 20- Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly profit as costs cuts helped offset the impact of a steep drop in drilling activity. The company also said it was "fully committed" to completing its takeover of smaller rival Baker Hughes Inc, after the U.S. Department of Justice extended its review of...

  • LONDON, July 20- Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity. Crude prices have fallen for three weeks in a row on expectations of increased oil sales from Iran following a deal to ease sanctions against the OPEC producer. Brent crude for September was down 35 cents at...

  • Halliburton, a provider of drilling services to oil and gas operators, earned $54 million, or 6 cents per share, for the period ended June 30. A year earlier the Houston company earned $774 million, or 91 cents per share. The average estimate of 17 analysts surveyed by Zacks Investment Research was for adjusted earnings of 29 cents per share.

  • July 20- Oilfield services provider Halliburton Co reported a 93 percent fall in quarterly profit as oil producers pummeled by a steep decline in oil prices cut drilling activity, and the company incurred about $400 million in charges. Profit attributable to Halliburton fell to $53 million, or 6 cents per share, in the second quarter ended June 30 from $775...

  • U.S. crude was down 5 cents at $50.84 by 0056 GMT, after falling more than 3 percent last week and more than 14 percent in July. Schlumberger NV said it is betting on an uptick in demand in coming quarters for oilfield services in North America, a market that has been battered by a steep drop in oil prices. Money managers cut their net long U.S. crude futures and options...

  • Will Asia disrupt energy financing? Sunday, 19 Jul 2015 | 7:27 PM ET
    A man boats in the Jiaxing, Zhejiang province of China, which built its first solar power station above a 160,000-square-meter fishpond.

    Faced with a yawning energy deficit and a need to protect against climate change, Asia is looking at fresh ways to finance a shift toward renewables.

  • Swift cost cuts have helped Schlumberger offset revenue declines caused by a 50 percent fall in global crude prices since June 2014. Schlumberger said it expects a "slow increase" in land drilling and completion activity in North America in the second half of the year, but it does not expect pricing to pick up any time soon. Schlumberger said on Friday it did not...

  • July 17- The resurgence in drilling seen earlier this month seemed to fizzle this week as U.S. energy firms cut seven oil rigs, oil services company Baker Hughes Inc data showed on Friday. That was the 30th weekly oil rig decline in the past 31 weeks, bringing the total down to 638, the lowest since the last week in June, said Baker Hughes in its closely followed report.