Oil and Gas Energy Equipment and Services

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  • April 27- Oilfield services provider Baker Hughes Inc said on Wednesday that U.S. rig count will likely stabilize in the second half of the year after falling in the current quarter. Net loss attributable to Baker Hughes widened to $981 million, or $2.22 per share, in the first quarter ended March 31 from $589 million, or $1.35 per share, a year earlier.

  • HOUSTON _ Baker Hughes Inc. on Wednesday reported a loss of $981 million in its first quarter. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share. Baker Hughes shares have dropped roughly 1 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2 percent.

  • April 27- Oilfield services provider Baker Hughes Inc reported a bigger quarterly loss, hurt by a continued decline in drilling activity. Net loss attributable to Baker Hughes widened to $981 million, or $2.22 per share, in the first quarter ended March 31, from $589 million, or $1.35 per share, a year earlier. Revenue fell 41.9 percent to $2.67 billion.

  • The adjacent 310,000 bpd Cardon facility was processing around 110,000 bpd, added Freites, citing Monday's internal report of Venezuela's top refineries in the wind-swept Paraguana peninsula. A shipper close to Venezuela's exports said the Paraguana refineries' processing rate was at historical lows in early April. In the last few months, Venezuela's oil...

  • UNITED NATIONS, April 26- Libya has asked the United Nations Security Council to blacklist an Indian-flagged tanker on its way to Malta carrying crude oil shipped by the rival eastern Libya government, Libya's U.N. envoy said on Tuesday. Libyan Ambassador Ibrahim Dabbashi told Reuters he had written to the Security Council sanctions committee to complain...

  • CALGARY, Alberta, April 25- Oil and gas producer Husky Energy reported a first-quarter loss on Monday and said it has agreed to sell a partial interest in a package of Canadian midstream energy assets to two Hong Kong- based firms for C $1.7 billion in cash. Husky will retain 35 percent interest and remain operator of the assets, which are located in Alberta and...

  • The company's shares fell 9 percent to $9.86 in after-market trading on Monday. Net loss attributable to Nabors was $398.3 million, or $1.41 per share, in the first quarter ended March 31, compared with a profit of $123.6 million, or 42 cents per share, a year earlier. Excluding items, Nabors reported a loss of 29 cents per share, smaller than analysts' average estimate...

  • HOUSTON _ Oceaneering International Inc. on Monday reported first-quarter earnings of $25.1 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Oceaneering International shares have fallen 10 percent since the beginning of the year.

  • NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq stock market:. Perrigo Co., down $21.95 to $99.40. Gannett, the owner of USA Today and other papers, offered to buy Tribune for $388 million.

  • CALGARY, Alberta _ Precision Drilling Corp. on Monday reported a first-quarter loss of $14.5 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share. Four analysts surveyed by Zacks expected $238.1 million.

  • Halliburton oil fracking

    Halliburton said it cut more than 6,000 jobs in the first quarter and said it would hold its earnings conference call on May 3 instead of April 25.

  • April 22- Halliburton Co said on Friday that it cut more than 6,000 jobs in the first quarter, during which revenue slumped 40.4 percent and it took a $2.1 billion restructuring charge mainly for asset write-offs and severance costs. The No.2 oilfield services provider also said it would now hold its earnings conference call on May 3, instead of April 25, to...

  • April 22- Halliburton Co said on Friday that it reduced headcount by more than 6,000 during the first quarter due to the prolonged slump in oil prices. The oilfield services provider said revenue dropped 40.4 percent to $4.2 billion in the quarter ended March 31. The company also said it would now hold its earnings conference call on May 3, instead of April 25, to...

  • NEW YORK, April 22- Oil prices rose on Friday and notched their third straight week of gains as market sentiment turned more upbeat amid signs a persistent global supply glut may be easing. Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to investment in...

  • "The low oil price environment continues to pressure our energy clients, which contributed to the increase in non-performing loans, our reserves and provision expense," William Rogers, chief executive of Atlanta- based SunTrust said on a post-earnings call on Friday. Dallas- based Comerica said this week its energy loans accounted for about 6 percent of its...

  • NEW YORK, April 22- Oil prices rose on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persistent global supply glut may be easing. Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to investment in the...

  • Hughes@ April 22- U.S. energy firms cut oil rigs for a fifth week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said Friday, as energy firms continue to slash spending despite a bigger than 60 percent spike in futures since hitting a near 13- year low in February. RIG-OL-USA- BHI> The number of U.S. oil rigs currently operating...

  • NEW YORK, April 22- Oil prices rose on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persisting global supply glut may be easing. Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to investment in the...

  • NEW YORK, April 22- General Electric Co reported lower first-quarter underlying revenue, citing weak sales of oil and gas drilling equipment, but it forecast a second-half upturn for power generation products that should help it meet its full-year target. "Given the negative revision in the oil and gas outlook, we believe investors will be viewing this growth...

  • NEW YORK, April 22- Oil prices jumped more than 2 percent on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persisting global supply glut may be easing. Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to...