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Oil and Gas Equipment Commodity Market Trades, Charts

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  • 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...

  • 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...

  • Einhorn takes 9.99% stake in Civeo, wants CEO out Thursday, 9 Oct 2014 | 5:25 PM ET
    David Einhorn

    Greenlight Capital's David Einhorn reported a 9.99 percent stake in Civeo and said that its CEO should be replaced on Thursday.

  • *Lukoil said difficulties raising financing. IMILORSKOYE FIELD, Russia, Oct 8- Russia's No.2 oil producer Lukoil launched an oilfield in western Siberia ahead of schedule on Wednesday, a major step in its drive to prop up falling production and to weather U.S. sanctions over Ukraine. Lukoil, Russia's largest non-state oil company and controlled by Alekperov and...

  • Report: Energy firms' other kind of rigging—wages Saturday, 27 Sep 2014 | 9:46 AM ET

    Oil and gas firms are "routinely" underpaying their workers, according to an investigation from ProPublica.

  • FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.

  • FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.

  • *Siemens shares down 0.6 percent, Sulzer down 4.2 percent. FRANKFURT, Sept 22- Germany's Siemens has agreed to buy U.S. oilfield equipment maker Dresser-Rand for $7.6 billion in cash, aiming to catch up with arch-rival General Electric in a booming U.S. shale gas market.

  • ZURICH, Sept 22- Swiss pump maker Sulzer said it had ended talks over a merger with Dresser-Rand Group Inc after Germany's Siemens offered to buy the U.S. oilfield equipment maker for $7.6 billion. "Sulzer has terminated the talks with Dresser-Rand," Sulzer spokesman Verena Goelkel said in an emailed statement on Monday.

  • FRANKFURT, Sept 22- Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in a move that would significantly boost the German company's oil and gas business in North America.

  • Siemens to buy Dresser-Rand for $7.6 bln Sunday, 21 Sep 2014 | 8:22 PM ET

    Sept 22- Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.

  • Siemens near deal to buy Dresser-Rand: Sources Sunday, 21 Sep 2014 | 4:18 PM ET
    At the Siemens plant in Sacramento, Calif., Michael Cahill of Siemens and Myles Tobin of All Aboard Florida tour a locomotive under construction.

    The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash

  • NEW YORK/ LONDON, Sept 21- The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc for all cash, people familiar with the matter said on Sunday.

  • Robots will take over, so you may as well profit Thursday, 18 Sep 2014 | 10:00 AM ET
    AeroVironment's small unmanned aircraft, the Raven Gimbal

    The age of robots as mankind's master is beginning, but don't be Terminator-terrified. Profit from the rise of the machines.

  • Oil producers in condensate-heavy shale crude plays like the Eagle Ford and the western Permian Basin in Texas also could fetch better condensate prices if exported, as U.S. refiners have limited demand for it.

  • After billions spent, are oil pipelines safe? Wednesday, 6 Aug 2014 | 12:56 PM ET
    Crews from Enbridge Energy Partners inspect a crude oil pipeline in Thief River Falls, Minn.

    Pipeline companies are viewed by Wall Street as engines of growth, especially as the oil boom in the U.S. continues.

  • VIENNA, Aug 2- Austria will feel a pinch but be able to handle European sanctions against Russia over its role in Ukraine's political crisis, Economy Minister Reinhold Mitterlehner said. Shares in Cat Oil AG, a Vienna- based oil and gas field service contractor, fell on Friday after it said Russia sanctions could slow its growth.

  • July 29- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, forecast falling demand for deepwater rigs, overshadowing robust demand for jack-up rigs, used in shallower waters, as well as land rigs.

  • July 29- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a better-than-expected rise in profit for the fourth quarter in a row due to higher margins in its rig systems business.

  • July 29- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 17 percent rise in quarterly profit, helped by higher demand for its rig systems. Net income attributable to the company rose to $619 million, or $1.44 per share in the second quarter ended June 30, from $531 million, or $1.24 per share, a year earlier.