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  • 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...

  • Oct 28- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, priced its enlarged initial public offering of 40 million units at $23 per unit, above its expected price range of $19- $21 per unit. Shell Midstream owns stakes in four onshore and offshore pipelines in Texas and Louisiana. This includes a 43 percent stake in a crude...

  • Oct 23- Investment bank and asset manager Lazard Ltd reported better-than-expected quarterly profit and revenue due to a jump in M&A advisory fees and an increase in asset management revenue. Among the big deals Lazard advised on during the quarter were Siemens AG's $7.6 billion acquisition of oilfield equipment maker Dresser-Rand Group Inc and chemical...

  • Oct 22- Contract driller Nabors Industries Ltd reported a 17 percent rise in revenue, its highest increase in nine quarters, as it benefited from strong spending in U.S. shale fields. "We are acutely aware of the potential for further weakness in crude oil prices and the associated impact on our customers' spending plans, particularly in North and Latin America,"...

  • Oct 21- As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. Halliburton, the world's largest provider of fracking services, is more than doubling its railcar fleet and...

  • But offshore drillers such as Transocean Ltd are expected to post lackluster quarterly sales as new rigs ordered in boomtime hit the seas, creating overcapacity in an already crowded market. Revenue at Transocean, the second-biggest global offshore driller by market value, is expected to fall 15 percent- its steepest in three years- according to Thomson...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, said there were no signs of a slowdown in drilling activity despite the recent 25 percent fall in oil prices. Halliburton's shares rose about 2.5 percent in early trading after the company reported a better-than-expected quarterly profit and raised its quarterly dividend.

  • Halliburton profit beats as drilling stays strong Monday, 20 Oct 2014 | 10:27 AM ET
    A derrick hand works on an oil rig drilling into the Bakken shale formation outside Watford City, N.D.

    Halliburton reported a better-than-expected profit, helped by buoyant shale drilling activity in North America.

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America. Halliburton, which derives about half of its revenue from North America, also benefited from higher revenue in its international operations. Halliburton's revenue rose about 18...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, reported a 70 percent rise in net income attributable to the company, helped by stronger drilling activity and demand for production services in North America. Halliburton on Monday also raised its quarterly dividend to 18 cents per share from 15 cents. Net income attributable to the company...

  • Oct 16- Schlumberger Ltd, the world's largest oilfield services company, posted a third-quarter profit that beat estimates for at least the ninth consecutive quarter, helped by strong drilling activity in North America. "Strong activity in North America and robust growth in international areas... in spite of international sanctions in Russia, drove...

  • Schlumberger profit rises on improving oilfield demand Thursday, 16 Oct 2014 | 4:15 PM ET

    Oct 16- Schlumberger Ltd, the world's largest oilfield services company, reported a 13 percent rise in third-quarter profit, helped by strong drilling activity in North America and robust growth in its international business. Net income attributable to the Houston, Texas- based company rose to $1.95 billion, or $1.49 per share, in the third quarter ended Sept. 30,...

  • *Q3 profit misses estimates as weak Gulf of Mexico hits margins. Oct 16- Baker Hughes Inc, the world's No.3 oilfield services provider, said its clients would reconsider projects if oil prices fell to and remained at $75 per barrel for a few months, although many of them considered the recent slide in oil prices a short term blip. The caution from came after Baker...