×

Oil and Gas Energy Equipment and Services

  • April 24- Halliburton Co reported a smaller quarterly loss from a year earlier, when the oilfield service provider recorded $2.77 billion in charges. Net loss attributable to Halliburton narrowed to $32 million, or 4 cents per share, in the first quarter ended March 31, from $2.41 billion, or $2.81 per share, a year earlier. The world's No. 2 oilfield services...

  • *Q1 revenue rises 5.7 pct to $6.89 bln. *Cost of revenue increases 11.3 pct to $6.08 bln. The world's No.1 oilfield services provider said its cost of revenue increased 11.3 percent to $6.08 billion in the quarter ended March 31, outpacing a 5.7 percent rise in revenue.

  • *Q1 revenue rises 5.7 pct to $6.89 bln. *Cost of revenue increases 11.3 pct to $6.08 bln. The world's No.1 oilfield services provider said its cost of revenue increased 11.3 percent to $6.08 billion in the quarter ended March 31, outpacing a 5.7 percent rise in revenue.

  • April 21- Schlumberger NV said on Friday a ramp up in drilling activity in North America boosted pricing for its oilfield services, but the cost of reactivating equipment idled during the slump in crude oil prices gutted margins. "In the first quarter, the North America land market continued to strengthen in terms of both activity and pricing, leading us to begin...

  • April 21- Schlumberger NV said on Friday a ramp up in drilling activity in North America boosted pricing for its oilfield services, but the cost of reactivating equipment idled during the oil price downturn dragged down margins. "In the first quarter, the North America land market continued to strengthen in terms of both activity and pricing, leading us to begin...

  • The world's No.1 oilfield services provider said on Friday revenue rose to $6.89 billion from $6.52 billion as higher drilling activity in North America also helped roll back discounts offered during the downturn in oil prices. However net profit attributable to Schlumberger fell to $279 million, or 20 cents per share, in the first quarter ended March 31, from...

  • MILAN, April 21- Italy's Saipem is working to expand new lines of business including wind farms to help it cope with a slump in order books among oil services groups. "We're looking to grow in areas like wind farm projects, especially in the North Sea, and dismantling oil and gas platforms," Saipem's chief executive Stefano Cao said on Friday following the company's...

  • *Chinese demand, more crude deliveries to Asia trigger sales. *Crude oil shipments to Asia to hit record levels in April. SINGAPORE, April 20- Crude oil sales from storage tanks around Singapore rose to an 11- month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in...

  • HOUSTON, April 18- Centurion Midstream Group LLC said it acquired a petroleum marketing and transportation business that operates in West Texas from Agave Energy Holdings, a subsidiary of Lucid Energy Group. Price of the purchase was not disclosed. Ken Douglas, Centurion's chief financial officer, said the deal will expand the Dallas- based company's Permian...

  • April 18- U.S. natural gas pipeline exports to Mexico fell to their lowest level since June 2015 due to maintenance on the NET Mexico pipe in Texas, while the first tankers from the United States started delivering liquefied natural gas to Mexico's Gulf Coast. A unit of Mexico's state-owned petroleum company, Petroleos Mexicanos, started importing LNG from...

  • HOUSTON/ PUNTO FIJO, Venezuela, April 18- In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters. The vessel is among many that are constantly contaminated at two major export terminals where they load crude from Venezuela's state-run...

  • MEXICO CITY, April 13- The former chief executive of a Mexican oil services company arrested over a loan scandal that inflicted hefty losses on Citigroup Inc's local Banamex unit was released from prison on Thursday, an official in the city government said. Speaking on condition of anonymity, the official confirmed media reports that Amado Yanez, who was CEO of...

  • BUENOS AIRES, April 12- Argentina's state-run oil company YPF SA and Schlumberger AG, the world's top oil services provider, have reached a deal to invest $390 million in the Vaca Muerta shale formation, the companies said on Wednesday. In a letter to the Buenos Aires stock exchange, YPF said a division of Schlumberger would invest the full amount and obtain a 49...

  • PARIS, April 12- France could face a tight gas supply in the 2017/ 18 winter period because suppliers do not have enough reserve storage capacity as required by law to meet demand if there is a prolonged cold snap, said major gas storage company Storengy. France had to depend heavily on those storages in the past 2016/ 17 winter to keep heating and power generation...

  • *Comes as other Singapore- listed firms grapple with debt. SINGAPORE, April 12- Rickmers Maritime, a Singapore- listed trust that operates container ships, said it would be wound up as it has been unable to reach an agreement with its lenders to restructure debt or raise new equity. Struggling in the wake of a global shipping downturn, Rickmers joins other Singapore-...

  • LONDON, April 11- OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline. The Organization of the Petroleum Exporting Countries explicitly said a joint deal with non- OPEC producers to cut some 1.8 million bpd in the first half of 2017 was aimed at slashing an excess...

  • *Goldman Sachs sees large oil surplus in two years. LONDON, April 10- The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized. Yet Goldman Sachs, the only bank to make more than $1 billion a year from commodities trading, believes a looming recovery in...

  • *OPEC trying to help market rebalance, ease oversupply. LONDON, April 6- The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply. The five top traders, who also include Mercuria and Trafigura, expect OPEC to extend output cuts into the...

  • LONDON, April 5- European shares gained slightly on Wednesday as higher oil prices and deals boosted energy stocks, with investors cheering improved synergies from an oil services takeover. The pan-European STOXX 600 index was up 0.1 percent by 0720 GMT. Oil& gas stocks were the second best sectoral gainers, up 1 percent, while basic resources gained 1.3 percent.

  • *Shipping data shows fall in tanker supplies as OPEC cuts. Prices for front-month Brent crude futures, the international benchmark for oil, were at $54.40 per barrel at 0345 GMT, up 23 cents, or 0.4 percent, from their last close. In the United States, West Texas Intermediate crude futures were up 27 cents, or 0.5 percent, at $51.30 a barrel.