GO
Loading...

Enter multiple symbols separated by commas

Energy Equipment and Services

More

  • LONDON, May 8- Brent crude oil edged higher on Friday as strong Chinese crude imports eased concerns over a growing supply glut. Benchmark Brent crude was at $65.90 per barrel at 1402 GMT, up 36 cents, yet on track for a near 1 percent weekly decline. "The report should prove supportive of crude oil prices and produce strong gasoline demand, as employees drive to the...

  • LONDON, May 8- Crude oil prices edged higher on Friday, set for their first weekly decline in more than a month as strong Chinese crude imports eased concerns over a growing supply glut. Benchmark Brent crude was at $65.83 per barrel at 1145 GMT, up 29 cents after hitting a session high of $66.01, on track for a 1 percent weekly decline. "The small drop in U.S. production in...

  • *OPEC will not cut output alone- Gulf delegate. SINGAPORE, May 7- Oil prices eased on Thursday after hitting 2015 highs in the previous session, as an OPEC delegate indicated the group would stick to a strategy of pursuing market share rather than cutting output and traders took profits after a multi-week rally. Brent crude was trading 13 cents lower at $67.64 per...

  • May 6- Driller Rowan Cos Plc reported higher-than-expected quarterly profit and revenue, helped by the deployment of three new ultra-deepwater rigs. Rowan's net income more than doubled to $123.7 million, or 99 cents per share, in the quarter ended March 31. Analysts on an average had expected earnings of 70 cents per share and revenue of $533.1 million,...

  • MEXICO CITY, May 5- Mexican oil company Pemex said an accident on Tuesday has left an offshore maintenance rig in the southern Bay of Campeche listing, killing two workers, but has not affected crude production. Oilfield services firm Typhoon Offshore, owned by Mexican conglomerate Grupo Salinas and operator of the platform, said in a statement that the platform...

  • RPT-U.S., Canada ready oil train safety measures Friday, 1 May 2015 | 7:00 AM ET

    WASHINGTON, May 1- Canada's transport minister will be in Washington on Friday for a joint announcement with her U.S. counterpart aimed at harmonizing safety regulations on shipping crude oil by rail, a politically sensitive issue on both sides of the border. Transportation Secretary Anthony Foxx are expected to demand that railroad companies equip cars...

  • OTTAWA, April 30- The Canadian economy stalled in February as a pickup in the retail sector was offset by a decline in manufacturing and a steep drop in support activities for the mining and energy sector, data from Statistics Canada showed on Thursday. Economists are watching to see how the economy is coping with the drop in the price of oil, a major export for...

  • POLL-Oil prices to stay weak for at least a year Thursday, 30 Apr 2015 | 6:00 AM ET

    *Brent crude oil seen averaging $60/ barrel, WTI $54.40 in 2015. April 30- Oil is likely to stay relatively weak for at least the next year, a Reuters poll forecast on Thursday, suggesting a slowdown in oil production in the United States will not be enough to offset a global supply glut. The price crash has forced some exploration companies to stop drilling for oil and...

  • MOSCOW, April 30- Russia's Eurasia Drilling said on Thursday it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from to April 30 to May 31. Last month, Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially paving the way for it to become the sole...

  • MOSCOW, April 30- Russia's Eurasia Drilling said on Thursday it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from to April 30 to May 31.

  • April 29- Noble Corp Plc reported a better-than-expected quarterly profit as higher margins from contract drilling services helped offset losses from retirement of rigs due to a slump in oil prices. The company, however, said it expected its capital spending to fall to about $585 million in 2015 from $1.9 billion in 2014.. Net income attributable to Noble fell...

  • Offshore driller Noble Corp's profit falls 30 pct Wednesday, 29 Apr 2015 | 5:16 PM ET

    April 29- Offshore driller Noble Corp Plc reported a 30.4 percent fall in quarterly profit as the company retired rigs due to a slump in crude oil prices. Net income attributable to Noble fell to $178.4 million, or 72 cents per share, in the first quarter ended March 31 from $256.3 million, or 99 cents per share, a year earlier. Total operating revenue rose about 1...

  • MILAN, April 29- Italian oil services company Saipem said it would vigorously contest a 174.2 million euro lawsuit from a group of investors claiming the firm overstated profits. Deminor Recovery Services, representing 64 institutional investors, said on Wednesday it was seeking the damages to cover losses on share purchases caused by Saipem's alleged...

  • *Iran ship seizure, Yemen incident boost prices early. NEW YORK, April 28- Oil prices remained under pressure on Tuesday, with Brent settling lower and U.S. crude near flat, as worries about swollen U.S. crude stockpiles cut price gains from an early rally on security scares in the Middle East and a weak dollar. U.S. crude settled up 7 cents at $57.06, after running to as...

  • UPDATE 1-National Oilwell forecasts declining revenue Tuesday, 28 Apr 2015 | 8:32 AM ET

    April 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, reported lower-than-expected quarterly revenue and forecast declining revenue for the next few quarters as weak oil prices reduce drilling activity. The company, which in February warned of a "severe downturn" in its business, said total backlog fell to $11.86 billion in the first...

  • National Oilwell profit drops 47 pct, hurt by charges Tuesday, 28 Apr 2015 | 7:12 AM ET

    April 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, posted a 47.4 percent drop in quarterly profit, mainly hurt by $200 million in charges. Net income attributable to the company fell to $310 million, or 76 cents per share, in the first quarter ended March 31, from $589 million, or $1.37 per share, a year earlier. Revenue fell marginally to...

  • *Saudi Arabia tells China ready to supply more oil if needed. NEW YORK, April 27- Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of U.S. rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week. "While the situation in Yemen and the falling U.S. rig count have...

  • NEW YORK, April 27- Oil futures seesawed in volatile trading on Monday as the conflict in Yemen and falling U.S. rig counts lent support, while ample global supply kept market participants cautious after prices reached 2015 peaks last week. Saudi-led aircraft pounded Iran- allied Houthi militiamen and rebel army units in Yemen on Monday as a humanitarian crisis...

  • *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...