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  • Helix Energy beats 3Q profit forecasts Monday, 20 Oct 2014 | 5:45 PM ET

    HOUSTON _ Helix Energy Solutions Group Inc. on Monday reported third-quarter profit of $75.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Oct 20- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit, valuing it at up to $1.42 billion. A number of master limited partnerships, including PBF Logistics LP, Viper Energy Partners LP and GasLog Partners LP, have listed this year.

  • Oct 20- Shell Midstream Partners LP, a division of Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit.

  • Halliburton tops Street 3Q forecasts Monday, 20 Oct 2014 | 7:09 AM ET

    HOUSTON— HOUSTON— Halliburton reported profit of $1.2 billion in its third quarter despite tumbling energy prices, and said it would boost its dividend by 20 percent. Oilfield service companies like Halliburton typically get squeezed when the energy prices tumble as major drillers try to preserve their margins. Halliburton posted a profit of $1.41 per share.

  • US rig count down 12 to 1,918 Friday, 17 Oct 2014 | 2:27 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 12 this week to 1,918.. Oklahoma decreased by seven rigs, New Mexico was down four, Alaska was off two and Arkansas, California and North Dakota each dropped one. Colorado, Kansas, Louisiana, Ohio, Pennsylvania and Utah were unchanged.

  • Oct 17- Energy Future Holdings squared off against creditors in court on Friday as the bankrupt Texas power company sought approval to begin a multibillion dollar auction of its interest in Oncor, a power transmission business. The company anticipates an auction in February, and sources told Reuters potential bidders include NextEra Energy Inc of Juno Beach,...

  • Oct 16- Schlumberger Ltd, the world's largest oilfield services company, posted a third-quarter profit that beat estimates for at least the ninth consecutive quarter, helped by strong drilling activity in North America. "Strong activity in North America and robust growth in international areas... in spite of international sanctions in Russia, drove...

  • Schlumberger beats 3Q earnings expectations Thursday, 16 Oct 2014 | 4:52 PM ET

    HOUSTON _ Schlumberger NV on Thursday reported earnings of $1.95 billion in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share. Analysts expected $12.66 billion, according to Zacks.

  • Schlumberger profit rises on improving oilfield demand Thursday, 16 Oct 2014 | 4:15 PM ET

    Oct 16- Schlumberger Ltd, the world's largest oilfield services company, reported a 13 percent rise in third-quarter profit, helped by strong drilling activity in North America and robust growth in its international business. Net income attributable to the Houston, Texas- based company rose to $1.95 billion, or $1.49 per share, in the third quarter ended Sept. 30,...

  • SW Energy snaps up assets in Marcellus, Utica Thursday, 16 Oct 2014 | 7:43 AM ET

    HOUSTON— Southwestern Energy will spend about $5.38 billion to acquire drilling assets in West Virginia and southwest Pennsylvania now owned by Chesapeake Energy. Southwestern said Thursday that by 2017' s end it estimates the reserve mix to be approximately one third each for the Fayetteville, northeast Marcellus and the newly acquired West Virginia and...

  • Baker Hughes misses Street 3Q forecasts Thursday, 16 Oct 2014 | 6:39 AM ET

    HOUSTON _ Baker Hughes Inc. on Thursday reported third-quarter earnings of $375 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share. Analysts expected $6.29 billion, according to Zacks.

  • Kinder Morgan misses 3Q profit forecasts Wednesday, 15 Oct 2014 | 4:33 PM ET

    HOUSTON _ Kinder Morgan Inc. on Wednesday reported profit of $329 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Analysts expected $4 billion, according to Zacks.

  • Oct 15- Major U.S. drugmaker AbbVie Inc said on Wednesday it was reconsidering a $55 billion bid for Ireland's Shire Plc, marking a setback for "inversion" deals in which U.S. companies reincorporate abroad to cut tax costs. Steris Corp said on Monday it has offered to buy Britain's Synergy Health Plc for about $1.9 billion in a deal that would shift Steris' tax...

  • CARACAS, Oct 15- After three weeks trapped inside their home, Natalie Pereira and her family made a final decision: they must leave Venezuela. Pereira, a 33- year-old dentist now living in Texas, is not alone in making that decision. Having largely but unsuccessfully voted against socialist leader Hugo Chavez during his 14- year presidency, they hoped for a change...

  • NEW YORK, Oct 14- Kinder Morgan Energy Partners, L.P. said it will add 2.1 million barrels of storage at its Pasadena and Galena Park terminals just outside Houston. The $210 million project- supported by long-term contracts with existing customers- will also include the construction of a new ship dock and other improvements at the Galena Park terminal that will...

  • List of new cities for Dallas flights Monday, 13 Oct 2014 | 3:17 PM ET

    Southwest Airlines and Virgin America began long-haul flying from Dallas Love Field on Monday, as soon as a federal law restricting such flights expired. —Southwest: Baltimore, Chicago, Denver, Las Vegas, Los Angeles, Orlando and Washington. Starting Nov. 2, Southwest will add Atlanta; Fort Lauderdale and Tampa, Florida; Orange County and San Diego, California;...

  • Company plans $4B plastic factory in North Dakota Monday, 13 Oct 2014 | 1:26 PM ET

    BISMARCK, N.D.— A $4 billion factory is planned in North Dakota that will convert natural gas liquids into plastic, company and state officials said. William Gilliam, the chief executive officer of Badlands NGL LLC, Gov. John Hoeven announced the project Monday at the state Capitol in Bismarck.

  • Targa buying Atlas Pipeline, Atlas Energy Monday, 13 Oct 2014 | 8:24 AM ET

    HOUSTON— Targa Resources is buying Atlas Pipeline Partners and Atlas Energy in a deal valued at close to $6 billion, creating a huge energy transportation and storage company. Targa Resources Partners LP, based in Houston, will pay $4 billion and assume $1.8 billion in debt for Atlas Pipeline. Each Atlas Pipeline unitholder will receive 0.5846 units of Targa...

  • *Venezuela may seek to annul World Bank tribunal's award. CARACAS, Oct 9- A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was...

  • NEW YORK/ HOUSTON, Oct 9- Investment bank Lazard Ltd has asked bidders that have shown interest in buying Citgo Petroleum Corp's U.S. refineries to submit an additional round of offers, people close to the deal told Reuters this week as the sale process proceeds despite doubts. Venezuela's state-run oil company PDVSA hired Lazard to handle the sale process for...