GO
Loading...

Energy Equipment and Services

More

  • Current-quarter gains for shipping companies such as Teekay Tankers Ltd and DHT Holdings Inc could last until the middle of next year as oil prices- currently at four-year lows- remain depressed. U.S. crude dipped below $70 a barrel on Thursday after Saudi Arabia blocked calls for output reductions from some members of the Organization of the Petroleum...

  • BP shed 3.5 percent, Total sank 4.1 percent, Seadrill lost 4.6 percent and Saipem slipped 4.1 percent. A number of oil services firms including Seadrill have been forced to scrap their dividends as the sector struggles with the drop in crude prices, which is prompting oil majors to accelerate cost cutting efforts. "At $72 a barrel, we're well below the pain...

  • Germany's DAX enjoys longest winning run in 18 months Wednesday, 26 Nov 2014 | 12:25 PM ET

    *Seadrill sinks 18 pct after scrapping dividend. PARIS, Nov 26- European shares inched higher on Wednesday, with Germany's blue chip DAX index advancing for the 10th session in a row as investors bet on further monetary stimulus from the European Central Bank. Gains in stocks were capped by a renewed drop in shares of oil services companies, however, with Norwegian...

  • *Seadrill sinks 16 pct after scrapping dividend. PARIS, Nov 26- European shares rose on Wednesday, with Germany's blue chip index DAX advancing for the 10th straight session as investors bet on further monetary stimulus from the European Central Bank. Gains in stocks were capped by a renewed drop in shares of oil services companies, however, with Norwegian...

  • LAUNCESTON, Australia, Nov 26- China has done two surprising things in oil markets recently; pledging to be more open about its strategic stockpiling and buying crude very openly in the daily trading window in Singapore. Since 2009, China has tended to boost crude purchases when it judges prices to be cheap on a relative basis. The bulk of these extra purchases...

  • WILLISTON, N.D., Nov 21- Halliburton Co's $35 billion takeover of Baker Hughes Inc will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters. The deal, announced on Monday, will help Halliburton better compete with global leader Schlumberger NV, as well...

  • *Oil services bounce back on Technip's offer for CGG. France's CGG jumped 23 percent on news of a 1.47 billion euro takeover offer from larger rival Technip, a bid that CGG rejected. Technip shares fell 6.9 percent, while Fugro surged 5.6 percent, Saipem rose 4 percent and TGS gained 4.4 percent.

  • *Technip offers 28 pct premium on CGG's closing price. *Technip shares down 6.5 pct, CGG up 26 pct. PARIS, Nov 20- French oil services firm CGG has rebuffed a 1.47 billion euro takeover offer from larger rival Technip, which wants to broaden the range of services it can offer cost-wary oil companies.

  • *Oil services bounce back on Technip's offer for CGG. France's CGG jumped 23 percent on news of a 1.47 billion euro takeover offer from larger rival Technip, a bid that CGG rejected. Technip shares fell 6.5 percent, while Fugro surged 4.1 percent, Saipem rose 2.2 percent and TGS gained 2.1 percent.

  • Nov 17- Halliburton Co will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as falling oil prices threaten to erode demand. Halliburton said the offer was worth $78.62 per Baker Hughes share, based on Halliburton's closing on Nov. 12, when it was first disclosed that the...

  • Halliburton to buy Baker Hughes for $34.6 bln Monday, 17 Nov 2014 | 6:56 AM ET

    Nov 17- Halliburton Co, the world's second-largest oilfield services provider, said it would buy smaller rival Baker Hughes Inc for about $34.6 billion in cash and stock. Halliburton said the offer was worth $78.62 per Baker Hughes share, based on Halliburton's closing on Nov. 12. The offer is a 31 percent premium to Baker Hughes' Friday close on the New York Stock...

  • Nov 14- Oilfield services provider Halliburton Co is seeking to replace the board of smaller peer Baker Hughes Inc, as merger talks between the companies stalled. Baker Hughes said late on Friday that it had rejected Halliburton's initial proposal, which was made more than a month ago, in a deal that would create $2 billion in synergies after divestitures.

  • NEW YORK, Nov 14- Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. The Baker Hughes/ Halliburton talks have stalled after the companies weren't able to agree on issues including...

  • Nov 14- Oilfield services provider Halliburton Co is mulling a hostile bid for smaller peer Baker Hughes Inc after the latter pulled out of talks on Friday, two people familiar with the discussions said. Halliburton first approached Baker Hughes more than a month ago and considered making an unsolicited bid because Baker Hughes was reluctant to engage, a third...

  • BOSTON, Nov 14- Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller Diamondback Energy by 20 percent to own 1.4 million shares...

  • *Abengoa plummets on confusion about debt guarantees. The biggest loser, however, was Spain's renewable energy firm Abengoa, tumbling 43 percent, hurt by investor confusion over the garantees of one of the firm's bonds. The stock's sell-off started on Thursday when Abengoa's management said debt raised by its Abengoa Greenfield unit would be accounted for as'...

  • HOUSTON/ NEW YORK Nov 13- Oilfield services provider Baker Hughes Inc said on Thursday it is in preliminary merger talks with its larger rival Halliburton Co, though any potential deal would likely face antitrust concerns. Two people familiar with the matter, who spoke on condition of anonymity, said Halliburton was looking to buy Baker Hughes, in what would be...

  • Nov 13- Oilfield services provider Halliburton Co and rival Baker Hughes Inc are in preliminary talks on a potential merger, Baker Hughes said in a statement on Thursday. The statement said the discussions "may or may not lead to any transaction" but two people familiar with the matter said Halliburton was in talks to buy Baker Hughes. "Baker Hughes Incorporated...

  • Nov 13- Oilfield services provider Halliburton Co is in talks to buy rival Baker Hughes Inc, a person familiar with the matter said on Thursday, but any potential deal could run into antitrust concerns. Officials at Baker Hughes and Halliburton, both based in Houston, declined to comment on the talks, which were first reported by Dow Jones and in The Wall Street...

  • Halliburton in talks to acquire Baker Hughes -source Thursday, 13 Nov 2014 | 5:07 PM ET

    Nov 13- Oilfield services provider Halliburton Co is in talks to buy rival Baker Hughes Inc, a person familiar with the matter said on Thursday. Baker Hughes declined to comment while Halliburton representatives could not immediately be reached for comment. The Wall Street Journal reported on the talks earlier on Thursday.