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Energy Equipment and Services

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  • OSLO, April 22- Oil services firms Baker Hughes and Aker Solutions agreed on Tuesday to form an alliance for their subsea divisions in an attempt to reduce costs as their customers- oil companies around the world- cut back on spending.

  • April 21- Halliburton Co, the world's No.2 oilfield services provider, expects margins to improve in North America after being depressed for two years as companies step up spending to drill and complete wells.

  • 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.

  • Halliburton posts first-quarter profit Monday, 21 Apr 2014 | 7:08 AM ET

    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.

  • 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.

  • Schlumberger profit from cont ops jumps 33 pct Thursday, 17 Apr 2014 | 5:20 AM ET

    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.

  • Nabors to split CEO, chairman roles Monday, 14 Apr 2014 | 7:20 AM ET

    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.

  • UPDATE 1-Magellan shifts focus to crude oil pipelines Tuesday, 8 Apr 2014 | 12:13 PM ET

    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.

  • TORONTO, April 4- Canada can move faster than the United States to stop the use of older rail tanker cars to carry crude oil, Transport Minister Lisa Raitt said on Friday, adding Ottawa is under pressure after last July's fiery derailment in Quebec that killed 47 people.

  • April 3- Federal authorities have opened a criminal investigation into a $400 million fraud involving Citigroup's Mexican unit, according to a person familiar with the matter.

  • OTTAWA, April 3- Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest rail operator said on Thursday.