Oil and Gas Energy Equipment and Services

More

  • WASHINGTON, Jan 28- New orders for long-lasting U.S. manufactured goods in December recorded their biggest drop in 16 months as lower oil prices and a strong dollar pressured factories, the latest indication that economic growth braked sharply at the end of 2015.. "U.S. companies are cutting investment sharply, and the key worry is that it seems to be spreading...

  • Jan 28- Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expected global rig count to decline by as much as 30 percent in 2016, as the slump in oil prices shows no signs of abating. Net loss attributable to Baker Hughes was $1.03 billion, or $2.35 per share, in the three months ended Dec. 31, compared with a...

  • Jan 28- Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, reported a quarterly net loss, hurt by a $1.25 billion impairment charge. Net loss attributable to Baker Hughes was $1.03 billion, or $2.35 per share, in the three months ended Dec. 31, compared with a profit of $663 million, or $1.52 per share, a year earlier.

  • LOS ANGELES, Jan 27- A California utility failed to protect residents from the largest methane leak in state history at its natural gas field near Los Angeles, a regional pollution watchdog said in a lawsuit filed against the company. The suit, filed on Tuesday in Los Angeles Superior Court by the South Coast Air Quality Management District, seeks penalties...

  • Jan 25- U.S. stock indexes were set to open lower on Monday after last week's rally in oil prices lost steam. Crude prices resumed their slide, after a strong two-day run, as a record output from Iraq flooded a heavily oversupplied market. Federal Reserve's next move on interest rates when the Federal Open Market Committee meets on Jan. 26-27.

  • Jan 25- Halliburton Co, the world's No.2 oilfield services provider, reported a quarterly loss compared with a year-ago profit, as it recorded $282 million in charges related to asset write-offs and other items. Net loss attributable to the company was $28 million, or 3 cents per share, in the quarter, compared with a profit of $901 million, or $1.06 per share, a year...

  • MILAN, Jan 23- Italian oil service group Saipem said it had trimmed its sales guidance for last year and might have to review its recent four-year business plan targets if oil prices remained at current low levels. In the prospectus for its upcoming 3.5 billion euro rights issue, Saipem said that due to a slowdown in work in Venezuela in the final quarter, 2015...

  • *Crude up as cold wave boosts short-term demand. Jan 22- Wall Street surged 2 percent on Friday to wrap up its first positive week of 2016 as a cold snap in the United States and Europe sent oil prices sharply higher. But the index is still down 7 percent in 2016 and remains at levels touched last August when fears of trouble in China's economy rattled global markets.

  • US STOCKS-Wall Street surges in end to volatile week Friday, 22 Jan 2016 | 2:56 PM ET

    Jan 22- Wall Street surged on Friday and was on track for its first positive week of 2016 as a cold snap in the United States and Europe sent oil prices sharply higher. But it is still down 7 percent in 2016 and remains at levels touched last August when fears of trouble in China's economy rattled global markets. "I don't think anyone really believes we've seen the...

  • Jan 22- Wall Street rallied on Friday, heading toward its first positive week of 2016, as a cold snap in the United States and Europe helped send oil prices surging for a second day. European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy at its March meeting also encouraged investors bruised...

  • Jan 22- Schlumberger Ltd/NV the world's No. 1 provider of oilfield services, does not expect any significant recovery in the company's activity levels before 2017, Chief Executive Paal Kibsgaard said on a conference call on Friday. "The apparent resilience in production outside of OPEC and in North America is, in many cases, driven by producers opening the taps...

  • WASHINGTON, Jan 22- In its latest move to combat climate change, the Obama administration on Friday said it will overhaul 30- year-old regulations for oil and gas operations on public and tribal lands to limit the "wasteful release" of natural gas and curb methane emissions. "These updated regulations, which would be phased in over several years... would not only get...

  • Jan 22- Schlumberger NV the world's No. 1 provider of oilfield services, does not expect any significant recovery in the company's activity levels before 2017, Chief Executive Paal Kibsgaard said on a conference call on Friday. "The apparent resilience in production outside of OPEC and in North America is, in many cases, driven by producers opening the taps wide...

  • Jan 22- Schlumberger Ltd, the world's No.1 oilfield services provider, said it was optimistic that it had completed the job cuts needed in this oil downturn. Schlumberger reported a slightly better-than-expected quarterly profit on Thursday as it cut costs again- mostly through 10,000 job cuts- and the company unveiled a $10 billion share buyback program.

  • *Futures up: Dow 204 pts, S&P 26.25 pts, Nasdaq 72.50 pts. Jan 22- U.S. stock index futures were higher on Friday, helped by a cold wave in the United States and Europe that boosted oil prices. *European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy in its meeting in March also encouraged investors.

  • Jan 22- Long before a natural gas storage well sprung a disastrous leak near Los Angeles, California, utilities and national industry groups were raising alarms about the danger of aging underground storage infrastructure. Jurisdiction over facilities storing gas to be transported across state lines falls to the U.S. Pipeline and Hazardous Materials...

  • *U.S. East Coast, continental Europe gripped by icy weather. West Texas Intermediate crude futures were up 17 cents at $29.70 per barrel at 0206 GMT, around $3.50 away from a 12- year low of $26.19 hit earlier this week. Oil prices drew support from freezing weather conditions and snowstorms that have gripped the U.S. East Coast and parts of continental Europe like...

  • SINGAPORE, Jan 22- U.S. crude oil prices were stable in early Asian trading on Friday after bouncing away from 12- year lows the previous day as rallying financial markets gave some traders reason to cash in on record short positions. Front-month West Texas Intermediate crude futures were trading at $29.82 per barrel at 0056 GMT, up 29 cents from their last...

  • The Interior Department's Bureau of Land Management wants to limit venting and flaring natural gas at wells on public land, practices that let methane into the atmosphere. An Interior Department spokeswoman declined to comment. "A strong BLM rule would ensure that industry has an incentive to capture and sell a valuable resource, ensuring taxpayers get the...

  • Jan 21- Schlumberger Ltd, the world's No.1 oilfield services provider, unveiled a $10 billion share buyback program and reported a slightly better-than-expected quarterly profit as it cut costs to weather a prolonged slump in oil prices. Oil futures, however, were trading at about $30 on Thursday, after dropping to their lowest levels since 2003 earlier in the...