Lyle Best traveled nearly 200 miles from the heart of North Dakota's oil patch Tuesday to tell state regulators one thing: "Slow down."» Read More
Halliburton, an oil and gas drilling company, rose after reporting a first-quarter profit on rising revenue in the Middle East and Asia. A strong earnings report from Netflix pushed the company's stock higher in after-hours trading. "I like what I see in the market," said Karyn Cavanaugh, a senior market strategist with ING U.S. Investment Management.
April 21- Halliburton Co, the world's No.2 oilfield services company, forecast a 25 percent jump in earnings in the current quarter, helped by a recovery in margins in North America and growth in overseas markets. The company, traditionally dominant in the United States, has been making a big push into international markets to combat weakness in North America.
April 21- Halliburton Co, the world's No. 2 oilfield services company, reported better-than-expected quarterly results, helped by robust drilling activity in Russia, Saudi Arabia and Angola. Halliburton, traditionally dominant in the United States, has been making a big push into international markets to combat weakness in North America.
DALLAS— Halliburton made money in the first quarter on rising revenue in the Middle East and Asia, and the CEO said Monday that he sensed an upturn in the North American market. Earnings and revenue topped expectations and Halliburton reversed course after a loss a year ago, when results were hurt by charges related to the huge 2010 Gulf of Mexico oil spill.
April 21- Oilfield services company Halliburton Co reported a profit for the first quarter, compared with a loss a year earlier when it booked a pre-tax charge of $1 billion related to the Gulf of Mexico spill.
April 17- Oilfield services providers Schlumberger Ltd and Baker Hughes Inc each posted better-than-expected quarterly profit on Thursday, though they said pockets of weakness loom in Brazil, Canada, Russia and other drilling regions.
*Schlumberger first-quarter profit $1.21/ share vs est. *Baker Hughes first-quarter adjusted profit $0.84/ shr est. April 17- Oilfield services companies Schlumberger Ltd and Baker Hughes Inc reported better-than-expected quarterly profits and signaled an improvement in the North American market, driven by increased drilling in the Gulf of Mexico.
April 17- Schlumberger Ltd, the world's largest oilfield services company, reported a profit that beat analysts' estimates for the tenth straight quarter, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.
NEW YORK— General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results. GE earned $3 billion on revenue of $34.18 billion in the year's first three months, down from $3.5 billion on revenue of $34.94 billion during the same period last year.
April 17- Schlumberger Ltd, the world's largest oilfield services company, reported a slightly better-than-expected quarterly profit on strong growth in the Middle East and North America.
April 17- Schlumberger Ltd, the world's largest oilfield services company, reported nearly 33 percent rise in quarterly profit from continued operations. Net income from continuing operations rose to $1.59 billion, or $1.21 per share, in the first quarter ended March 31, from $1.20 billion, or 90 cents per share, a year earlier.
TORONTO, April 15- Bank of Nova Scotia sees Mexico as its most promising growth territory and is not deterred by a money-laundering scandal there involving Citigroup's Banamex unit, Scotiabank's head of international banking said on Tuesday.
WEST CHESTER, Pennsylvania, April 15- The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier.
Helped by strong government support, plentiful labour and an abundant supply of raw materials like steel, China could become a major offshore oil equipment manufacturing hub in less than 10 years, industry executives say, just like Singapore and South Korea overtook the United States and Europe in the 1990 s.
April 14- Oilfield services and drilling company Nabors Industries Ltd said it would separate the roles of chairman and chief executive after the tenure of CEO Anthony Petrello ends and limit severance payments for executives. Shareholders California State Teachers' Retirement System and Blue Harbour Group welcomed the steps.
April 14- Oilfield services and drilling company Nabors Industries Ltd said it would separate the roles of chairman and chief executive after the tenure of CEO Anthony Petrello ends, following shareholder requests. Nabors also said it was limiting severance payments for executives to 2.99 times their salary and bonus.
BISMARCK, N.D.— North Dakota oil drillers produced an average of about 951,000 barrels of oil a day in February. The Department of Mineral Resources says February production was up from an average of about 935,000 barrels daily in January. North Dakota's oil patch had a record 10,186 producing wells in February, up from 10,114 in January.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by 13 this week to 1,831.. Of the major oil- and gas-producing states, Louisiana gained nine rigs, Texas increased by seven, California gained three and New Mexico increased by one.
NEW YORK, April 8- Magellan Midstream Partners, the U.S. In a presentation made to investors on Tuesday, Magellan said of the $950 million it plans to spend between 2014 and 2016, 80 percent will go to crude oil projects primarily in and around Texas and its shale oil plays.
April 6- An unexplained blast this week at a liquefied natural gas facility in rural Washington state, which injured workers, forced an evacuation and raised alarm about a potentially large second explosion, could focus attention on the risk of storing massive gas supplies near population centers.