Oil and Gas Energy Equipment and Services

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  • 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.

  • July 21- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a quarterly loss, compared with a profit a year earlier, as it took a charge of $2.57 billion related to asset impairments and job cuts. Net loss attributable to the company was $2.16 billion, or 1.56 cents per share, in the second quarter ended June 30, compared with a profit of $1.12...

  • CALGARY, Alberta _ Precision Drilling Corp. on Thursday reported a loss of $44.7 million in its second quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share. Four analysts surveyed by Zacks expected $132.2 million.

  • Halliburton Results

    Oilfield services firms still need higher oil prices in order to encourage producers to restart more rig activity, says Lipow Oil Associates' Andy Lipow.

  • Halliburton Earnings

    Halliburton had aggressively gained market share during the downturn and is now well-positioned as demand picks up, says KeyBanc Capital Markets' Robin Shoemaker.

  • CARACAS, July 20- Oil services provider Halliburton Co on Wednesday reported a $148 million loss as a result of accepting a promissory note in exchange for unpaid invoices linked to Venezuela operations. Halliburton said in a quarterly earnings report that it exchanged $200 million in trade receivables for a promissory note through a financing agreement...

  • July 20- Halliburton Co, the world's No.2 oilfield services provider, posted a quarterly loss, compared with a year-earlier profit, hurt mainly by the $3.5 billion fee it paid for terminating a deal to buy Baker Hughes Inc.. Net loss attributable to Halliburton was $3.21 billion, or $3.73 per share, in the second quarter ended June 30, compared with a profit of $54...

  • HOUSTON— Halliburton Co. on Wednesday reported a second-quarter loss of $3.21 billion, after reporting a profit in the same period a year earlier. The average estimate of 18 analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share. Halliburton shares have increased 32 percent since the beginning of the year, while the Standard& Poor's...

  • *Saudi Arabia, Kuwait ahead of Iran in sales to teapots. SINGAPORE/ BEIJING, July 18- An Iranian crude cargo loaded by trading house Trafigura is set to arrive in east China this week, heating up the race among oil suppliers to meet the rise in demand for imports from China's independent refineries, trade sources said. Now, Iran is eyeing the new group of Chinese buyers,...

  • HOUSTON/ RUNGE, Texas, July 14- Two years ago, Reg MacDonald's 20- day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. The latest rout in oil prices has been the last straw for many workers just getting back on their feet after the last downturn in 2008, said MacDonald, president of...

  • HOUSTON/ RUNGE, Texas, July 14- Two years ago, Reg MacDonald's 20- day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. The latest rout in oil prices has been the last straw for many workers just getting back on their feet after the last downturn in 2008, said MacDonald, president of...

  • LONDON, July 13- Venezuelan oil output is set to fall by around a tenth this year due to power shortages, a cash crunch and a drop in activity at foreign oil service companies, the International Energy Agency said on Wednesday. "Lower oil prices and sliding production are a double whammy for Venezuela, which is caught in the grip of an economic and political crisis," the...

  • TORONTO, July 12- Wolf Infrastructure, a midstream oil and gas firm backed by the Canada Pension Plan Investment Board, is close to buying Devon Energy Corp's 50 percent stake in the Access Pipeline in Western Canada, Bloomberg reported on Tuesday. Teine Energy, a Saskatchewan- focused energy producer in which CPPIB holds a 77 percent stake, acquired assets from...

  • PG&E discovered the small leaks during an inspection the state required of gas storage operators after the massive leak discovered in October from Southern California Gas' Aliso Canyon storage facility in the San Fernando Valley in Los Angeles. SoCalGas has said it hopes to have Aliso Canyon, the biggest gas storage facility in California, partially back in...

  • *Britain's storage capacity very low. MILAN/ LONDON July 8- Britain faces a growing risk of spikes in wholesale gas prices as aging storage facilities mean increased maintenance and greater reliance on imports to meet spot demand. It is hard to expect that it will get better, "said Energy Aspects analyst Trevor Sikorksi.

  • IOT Homes

    Darrell Zhang of Intraix explains how the company is delivering smart home and energy management solutions.

  • *Europe "best place" for a slowdown that doesn't hit energy-Citi. *Oil refining hubs shift outside Europe. "GDP in the UK and Europe is not energy intensive, and indeed oil demand has been in decline since 2007," Jefferies analysts wrote in a note.

  • *Europe "best place" for a slowdown that doesn't hit energy-Citi. *Oil refining hubs shift outside Europe. "GDP in the UK and Europe is not energy intensive, and indeed oil demand has been in decline since 2007," Jefferies analysts wrote in a note.

  • RIO DE JANEIRO, June 27- When U.S. data storage provider EMC Corp opened an oil and gas research center in Rio de Janeiro's Technology Park in 2014, it failed to anticipate a looming downturn in Brazil's booming oil industry. Today, the park's main tenant, state-controlled oil company Petrobras, is hemorrhaging money amid slumping oil prices and the site's...

  • WASHINGTON, June 28- The U.S. Supreme Court on Tuesday agreed to weigh Venezuela's bid to block a lawsuit filed by an American oil drilling company that claims the South American country unlawfully seized 11 drilling rigs six years ago. The high court will review a May 2015 ruling by the U.S. Court of Appeals for the District of Columbia Circuit that allowed one of...