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  • *U.S. rig count drops to lowest since 2010- Baker Hughes. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden. While Yemen itself is not among the biggest oil producers in the region, Gulf producers ship oil along the Gulf of Aden on Yemen's southern coast and through the narrow straits of Bab el-Mandeb, between...

  • CALGARY, Alberta, April 24- TransCanada Corp, whose controversial Keystone XL pipeline project has waited more than six years for U.S. approvals, is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada. The company, Canada's No. 2 pipeline operator, said it applied on Wednesday for a presidential permit...

  • CALGARY, Alberta, April 24- TransCanada Corp, whose controversial Keystone XL pipeline project has waited more than six years for U.S. approvals, is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada. The company, Canada's No. 2 pipeline operator, said it applied on Wednesday for a presidential permit...

  • US oil and natural gas rig count drops by 22 to 932 Friday, 24 Apr 2015 | 1:25 PM ET

    Houston- based Baker Hughes said Friday 703 rigs were seeking oil and 225 explored for natural gas. Among major oil- and gas-producing states, Texas lost 19 rigs; North Dakota lost five; Oklahoma was down three; and Alaska, New Mexico and West Virginia each lost one. Louisiana gained two rigs, while Arkansas, California, Colorado, Kansas and Pennsylvania each gained...

  • The threat of Islamic State group militants, who have swept across much of northern Iraq and are battling Kurdish forces only miles away from the Kurdish capital, Irbil, has dampened international interest. The security threat only increases oil companies' doubts, on top of falling oil prices and disputes between the Kurds and the Iraqi central government in...

  • April 23- Oil and gas driller Helmerich& Payne Inc reported a better-than-expected quarterly profit as demand for its high-tech rigs remained resilient despite the slump in crude prices. Net profit fell to $149.5 million, or $1.37 per share, in the second quarter ended March 31, from $174.6 million, or $1.59, a year earlier. Excluding gains of about $47 million...

  • Land driller Patterson-UTI profit slumps 74 pct Thursday, 23 Apr 2015 | 6:12 AM ET

    April 23- Land rig provider Patterson-UTI Energy Inc reported a 74 percent drop in quarterly profit as weak oil prices weighed on drilling activity and costs rose. Net income fell to $9.1 million, or 6 cents per share, in the first quarter ended March 31, from $34.8 million, or 24 cents per share, a year earlier. The Snyder, Texas- based company's revenue fell 3 percent to...

  • Weatherford reports 1Q loss Wednesday, 22 Apr 2015 | 7:04 PM ET

    GENEVA _ Weatherford International Ltd. on Wednesday reported a loss of $118 million in its first quarter. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Ten analysts surveyed by Zacks expected $3.07 billion.

  • Oceaneering International posts 1Q profit Wednesday, 22 Apr 2015 | 5:27 PM ET

    HOUSTON _ Oceaneering International Inc. on Wednesday reported first-quarter earnings of $69.5 million. Oceaneering International expects full-year earnings to be $2.80 to $3.20 per share. Oceaneering International shares have dropped almost 3 percent since the beginning of the year.

  • Flotek Industries reports 1Q loss Wednesday, 22 Apr 2015 | 4:54 PM ET

    HOUSTON _ Flotek Industries Inc. on Wednesday reported a first-quarter loss of $1.5 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Flotek Industries shares have decreased 17 percent since the beginning of the year.

  • Noble Energy agrees to settle Colorado air pollution case Wednesday, 22 Apr 2015 | 9:02 AM ET

    DENVER— Large oil and gas driller Noble Energy has agreed to a settlement over alleged air-pollution violations north of Denver, a deal federal officials say could cost the company up to $73.5 million. Noble, the second biggest driller in Colorado, has agreed to evaluate, make upgrades and perform inspections of its 3,400 clusters— or batteries— of tanks in the...

  • April 21- Contract driller Nabors Industries Ltd's quarterly revenue fell 10.5 percent, hurt by slower drilling activity in North America, and the company said it had cut its workforce by more than 18 percent since the end of 2014.. The company reported revenue of $1.42 billion in the quarter ended March 31, compared with the analysts' average estimate of $1.34...

  • April 21- Contract driller Nabors Industries Ltd said it reduced its global workforce by more than 18 percent since the end of 2014 as the slump in oil prices hurt drilling activity. Nabors said on Tuesday it cut its workforce by 41 percent in its U.S. drilling operations and 26 percent in Canada. The company's revenue fell 10.5 percent to $1.42 billion in the first...

  • April 21- Baker Hughes Inc, which is being bought by Halliburton Co for $35 billion, said it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services. The rig count in North America, a region that accounts for 44 percent of Baker Hughes' revenue, has halved to 1,000 so far this year.

  • Baker Hughes reports 1Q loss Tuesday, 21 Apr 2015 | 8:18 AM ET

    HOUSTON _ Baker Hughes Inc. on Tuesday reported a first-quarter loss of $589 million, after reporting a profit in the same period a year earlier. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Baker Hughes shares have climbed 22 percent since the beginning of the year, while the Standard& Poor's...

  • Baker Hughes reports quarterly loss on $772 mln charge Tuesday, 21 Apr 2015 | 8:17 AM ET

    April 21- Oilfield services provider Baker Hughes Inc, which is in the process of being acquired by Halliburton Co for $35 billion, posted a quarterly loss compared with a year-earlier profit as it recorded a $772 million charge related to restructuring and other items. Baker Hughes said it would cut 10,500 jobs, or 17 percent of its global workforce, up from 7,000...

  • NYMEX-Crude steady; U.S. inventories seen up again Monday, 20 Apr 2015 | 8:17 PM ET

    TOKYO, April 21- U.S. crude futures held steady on Monday as a drop in stockpiles at a key U.S. delivery point offset near record high production in Saudi Arabia and an expected build in U.S. oil inventories. *NYMEX crude for May delivery, which expires later in the day, was down 4 cents at $56.34 a barrel by 0000 GMT, after settling up 64 cents at $56.38 on Monday.

  • How the Dow Jones industrial average fared Monday Monday, 20 Apr 2015 | 4:47 PM ET

    Stocks rebounded on Monday from a big sell-off on Friday after getting a boost from some good first-quarter earnings reports. Toy maker Hasbro and oil services company Halliburton were among the companies that reported earnings that surpassed analysts' expectations. The Dow Jones industrial average rose 208.63 points, or 1.2 percent, to 18,034.93.

  • HOUSTON— Halliburton Co. has cut 9,000 jobs— more than 10 percent of its workforce— in about six months and is considering more cost-cutting moves as falling oil prices sap demand for its drilling help. Halliburton executives disclosed the job cuts Monday on a conference call with investors. Schlumberger and Halliburton help map underground oil and gas...

  • NEW YORK, April 20- Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia. Tensions after the dispatch of U.S. Navy ships to waters near Yemen and an alert issued by Saudi Arabia for a possible militant attack...