Stocks Drop 1% as Fed Tapering Fears, Weak China Data Rattle Markets
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April 22- Halliburton Co is in "advanced" talks to settle private claims against it in a trial to determine blame for the 2010 Gulf of Mexico spill, the oilfield services company said on Monday, as it booked a $1 billion pretax charge for a possible deal.
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April 22- Halliburton Co said on Monday it was in court-facilitated talks to settle private claims against it in the trial to determine blame for the 2010 Gulf of Mexico spill at a well where it performed work, and it took a $1 billion charge before taxes.
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April 22- Halliburton Co said on Monday that it was in court-facilitated talks to settle private claims against it in the trial to determine blame for the 2010 Gulf of Mexico spill at a BP well where it performed work.
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*Schlumberger remains cautious on North America. April 19- Signs of improvement in the depressed North American drilling market and steady growth elsewhere helped oilfield services companies Schlumberger Ltd and Baker Hughes Inc beat Wall Street's profit expectations.
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*Schlumberger says North America outlook remains uncertain. April 19- Signs of a improvement in the depressed North American drilling market and steady growth elsewhere underpinned higher-than-expected first-quarter profits for oilfield services giants Schlumberger Ltd and Baker Hughes Inc..
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April 19- Schlumberger Ltd, the world's largest oilfield services company, reported a profit that topped analysts' estimates for the sixth straight quarter, helped by robust drilling activity outside North America. Schlumberger said there had been no improvement in dry gas drilling in North America, despite significant drawdowns on inventories.
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April 19- Baker Hughes Inc, the world's third-largest oilfield services provider, reported a higher-than-expected profit and forecast a modest increase in U.S. rig counts for 2013.. Net income from continuing operations attributable to Baker Hughes fell to $267 million, or 60 cents per share, from $379 million, or 86 cents per share, a year earlier.
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CALGARY, Alberta, April 10- Canada's energy regulator is demanding under tighter rules released on Wednesday that pipeline operators protect employees who blow the whistle on unsafe practices that could lead to oil spills or other accidents.
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*Offers $88.50/ share; 38 pct premium to Friday close. April 8- General Electric Co said it will buy oilfield services provider Lufkin Industries Inc for about $3.3 billion to expand its oil and gas business.
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April 8- General Electric Co said it will buy oilfield services provider Lufkin Industries Inc for about $3.3 billion.
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April 8- General Electric Co is nearing a deal to buy oilfield services provider Lufkin Industries Inc to expand its profitable oil and gas business, The Wall Street Journal reported, citing unidentified sources familiar with the matter. Neither General Electric nor Lufkin could be reached for comment outside regular business hours in the United States.
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LONDON, April 5- Britain's biggest gas storage site ran dry of normal supply on Friday and is using gas usually reserved for the technical operation of the site, National Grid data showed.
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SINGAPORE, April 2- Brent crude steadied under $111 a barrel on Tuesday, supported by prospects of stronger appetite in Asia but hurt by concerns over the pace of economic recovery in top consumer the United States.
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*But refinery capacity expansion boosts China oil appetite. SINGAPORE, April 2- Brent crude steadied under $111 a barrel on Tuesday, supported by prospects of stronger appetite in Asia but hurt by concerns over the pace of economic recovery in top consumer the United States.
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NEW YORK, March 31- Oil services giant Schlumberger Ltd has improved its ability to collect the money it is owed by Venezuela's state oil company PDVSA and will now be able to recognize all revenue associated with its first-quarter operations in the country, Schlumberger's CEO said on Sunday.
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DUBAI, March 31- UK stocks of liquefied natural gas have swollen over the last week, data from National Grid shows, after three big Qatari deliveries helped replenish low heating fuel supplies during the coldest March in over half a century.
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March 26- SinoTech Energy Ltd and three banks that underwrote its initial public offering have agreed to pay $20 million to settle a shareholder lawsuit accusing the Chinese oilfield services company of defrauding investors.
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NEW ORLEANS, March 25- The officer in charge of safety on Transocean's Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst-ever U.S. offshore oil spill, said the post-blowout fire was too big to fight and the evacuation saved lives.
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NEW ORLEANS, March 25- The Transocean Ltd officer in charge of safety on the Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst U.S. offshore oil spill, said the post-blowout fire was too big to fight and that evacuation saved lives.
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DUBAI, March 24- Three big Qatari liquefied natural gas deliveries should help replenish vital heating supplies for snow-covered Britain this week, but UK gas stocks remain uncomfortably tight with weeks of abnormally cold weather still to come.