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Oil and Gas Equipment Commodity Market Trades, Charts

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  • Baker Hughes in preliminary talks with Halliburton Thursday, 13 Nov 2014 | 3:36 PM ET
    An oil platform sits under repair in Guanabara Bay in Rio de Janeiro, Brazil, on Tuesday, Feb. 25, 2014. The number of offshore rigs in Brazil fell in December to the lowest since 2010, according to data compiled by Baker Hughes Inc.

    Baker Hughes confirmed Thursday it is in preliminary talks with Halliburton regarding a potential business combination in a release.

  • 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...

  • 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.

  • Wall Street's latest craze: 'Superfracking' Wednesday, 18 Jun 2014 | 7:22 AM ET
    Gas is flared as waste from the Monterey Shale formation where gas and oil extraction using hydraulic fracturing, or fracking, is on the verge of a boom on March 22, 2014 near Buttonwillow, Calif.

    Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.