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  • Nov 13- Oilfield services provider Halliburton Co is in talks to buy rival Baker Hughes Inc, Dow Jones reported on Thursday, citing unidentified sources. Baker Hughes declined to comment while Halliburton representatives could not immediately be reached for comment. Baker Hughes shares were halted in New York Stock Exchange trading due to volatility.

  • Dow Jones says Halliburton in talks to buy Baker Hughes Thursday, 13 Nov 2014 | 3:53 PM ET

    Nov 13- Oil services provider Halliburton Co. is in talks to buy rival Baker Hughes Inc., Dow Jones reported on Thursday, citing unidentified sources. Baker Hughes shares were halted in New York Stock Exchange trading due to volatility. At its latest stock price of $51.63, Baker Hughes has a market capitalization of about $22 billion.

  • Europe shares inch up; oil slump hits energy sector Thursday, 13 Nov 2014 | 12:34 PM ET

    *Brent drops through "pain threshold" of $80 a barrel. Brent futures tumbled more than 2 percent to below $79 a barrel, hitting a four-year low, dragged down in part by data showing China's economy lost momentum again in October. Both oil majors Total and BP fell 0.9 percent, while oil services firms Seadrill and Saipem dropped 4.3 percent.

  • HOUSTON, Nov 13- Oilfield Water Logistics LLC, which transports, treats and disposes of water for energy companies in the U.S. shale oil boom, said on Thursday it bought competitor WestWater Energy, the latest step towards consolidation in the fragmented sector. The acquisition means Dallas- based OWL, a recently formed company backed by a unit of private equity...

  • OSLO, Nov 12- Oil services firm Subsea 7 forecast a drop in revenues next year and said it would cut capital spending and possibly its fleet as energy firms curb investment following a slide in oil prices. Oslo- listed Subsea 7, which focuses on the North Sea, Brazil and the Gulf of Mexico, said on Wednesday its order backlog plunged in the third quarter, sending its...

  • *Fugro leads industry rally as Boskalis takes stake. LONDON, Nov 10- European stocks rose on Monday, boosted by acquisition activity in the oil services industry, where Dutch group Boskalis took a stake in Fugro, and in the telecoms and food sectors. Boskalis denied any intention of making a full bid but its surprise purchase boosted takeover hopes in the sector and...

  • *Fugro leads industry rally as Boskalis takes stake. LONDON, Nov 10- European stocks inched higher on Monday as acquisition hopes fuelled gains for oil services firms after Dutch group Boskalis took a stake in Fugro. Belt-tightening by energy majors faced with plunging oil prices has hit shares in oil services companies, driving stocks such as Saipem and Fugro...

  • European shares inch up; M&A boosts Fugro, Nutreco Monday, 10 Nov 2014 | 4:12 AM ET

    *Nutreco rises as SHV sweetens takeover offer. *Fugro jumps after rival buys 15 pct stake. PARIS, Nov 10- European stocks inched higher early on Monday, reversing some of the previous session's losses, with Nutreco surging 14 percent as SHV sweetened its takeover bid for the Dutch animal feed and nutrition company.

  • Big Oil cutbacks deal supply-chain pain Sunday, 9 Nov 2014 | 3:01 AM ET

    *Fugro stock down over 30 pct since scrapping dividend. LONDON/ PARIS, Nov 9- Belt-tightening by big energy majors faced with plunging oil prices is battering the finances and share prices of their suppliers, as investors reassess the sector's ability to keep gushing cash. Fugro, once seen as a blue-chip on Amsterdam's benchmark index, has had more than 30 percent...

  • BOSTON, Nov 6- Welcome back "Big Oil." The strong balance sheets and diversified global operations of majors like Exxon Mobil Corp, Chevron Corp and BP plc, have sheltered index funds and some active portfolio managers from the worst of a volatile ride on energy markets, where oil prices have plunged 21 percent since early August. The $33 billion Ivy Asset Strategy...

  • Nov 7- Rig contractor Transocean Ltd said it expected to incur impairment charges of $2.76 billion in the third quarter and would delay its results for the period, sending its shares down as much as 10 percent premarket. Rig operators such as Transocean have been battered this year as new rigs enter service, adding to an already oversupplied market.

  • Oil prices have fallen 30 percent since late June and shares of such firms as U.S. Silica Holdings and Hi Crush, which supply sand to U.S. drillers, followed, dumped by investors anticipating 2015 output cuts and a drop in demand. "We have not seen any data or had any discussions that indicate lower demand for our sand," said Robert Rasmus, Co-Chief Executive Officer of...

  • Nov 6- Continental Resources, the pioneering U.S. driller that bet big on North Dakota's Bakken shale patch when its rivals were looking abroad, is once again flying in the face of convention: cashing out some $4 billion worth of hedges in a huge gamble that oil prices will rebound. Late on Tuesday, the company run by Harold Hamm, the Oklahoma wildcatter who once sued...

  • LONDON/ PARIS, Nov 3- European equities retreated from a four-week high on Monday, with a survey showing sluggish euro zone factory growth hurting market sentiment and gas transport group Snam leading the utilities sector lower following a gas storage ruling. The European utilities index fell 1.7 percent, the top sectoral decliner, on an 11 percent drop in Snam...

  • HOUSTON, Oct 31- Tesoro Corp doesn't expect to add stabilizers that remove flammable natural gas liquids from crude in North Dakota's prolific Bakken shale, where the company is expanding its pipeline infrastructure, Chief Executive Officer Greg Goff said on Friday. North Dakota plans to issue new rules for the treatment of crude on Nov. 13 to address the...

  • Oct 30- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, said orders at a unit that make rigs and drilling components fell 60 percent, overshadowing a better-than-expected quarterly profit. Orders in National Oilwell's rig systems segment, which accounts for nearly half its total revenue, fell to $1.34 billion in the third quarter from...

  • Oct 30- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit as its rig systems business readied more oil and gas wells for production. Land drillers Nabor Industries Ltd and Patterson-UTI Energy Inc reported a jump in revenue last week, helped by increased drilling activity.

  • Oct 30- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit, helped by strong performance in its rig technology business that readies oil and gas wells for production. Net income attributable to the company rose to $699 million, or $1.62 per share, in the third quarter ended Sept. 30, from $636...

  • LONDON, Oct 30- French stocks Alcatel Lucent, Technip and Renault led a rise in European shares early on Thursday after posting upbeat corporate updates. Auto-maker Renault upgraded its European auto market growth forecast, telecoms equipment maker Alcatel-Lucent improved its gross profit margin in the latest quarter and oil services group Technip posted...

  • HOUSTON, Oct 29- U.S. refiner Phillips 66 said on Wednesday its third-quarter net profit more than doubled to $1.14 billion as margins benefited from the North American onshore oil boom. Earnings per share after certain items were $2.02, up from $0.85 a share in the year earlier period. Although profits at the company's chemical, midstream, and marketing units...