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Oil and Gas Equipment Commodity Market Trades, Charts

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  • 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.

  • July 18- General Electric Co reported a 13- percent jump in quarterly net income Friday on improved sales of its jet engines and oil and gas equipment, and said it was targeting the initial public offering of its private-label credit-card business for the end of the month.

  • July 18- General Electric Co posted a 13 percent rise in quarterly net income on Friday, helped by increases in sales of its jet engines and oil and gas equipment. Second-quarter net income rose to $3.55 billion, or 35 cents per share, from $3.13 billion, or 30 cents per share, a year earlier.

  • MOSCOW/ LONDON, July 9- With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.

  • ALBANY, N.Y., June 30- New York state's top court ruled on Monday that towns have the authority to ban gas drilling within their borders, giving a boost to opponents of the drilling method known as fracking.

  • N.Y. top court says towns can ban fracking Monday, 30 Jun 2014 | 10:17 AM ET

    ALBANY, N.Y., June 30- New York's top state court has held that towns have the authority to ban gas drilling within their borders, giving a boost to opponents of the drilling method known as fracking.

  • 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.

  • US approves BP drone surveys of Alaskan oilfields Tuesday, 10 Jun 2014 | 11:04 AM ET

    BP will use unmanned aircraft systems to conduct aerial surveys of Alaska's North Slope.

  • HOUSTON, June 5- A faulty blowout preventer and weaknesses in how companies analyze potential hazards in offshore oil and gas operations contributed to BP Plc's deadly Gulf of Mexico oil spill more than four years ago, the U.S. Chemical Safety Board said on Thursday. The BP investigation was its first involving an offshore accident.

  • HOUSTON, June 5- A faulty blowout preventer and weaknesses in how companies analyze potential hazards in offshore oil and gas operations contributed to BP Plc's deadly Gulf of Mexico oil spill more than four years ago, the U.S. Chemical Safety Board said on Thursday. The BP investigation was its first involving an offshore accident.

  • Freeport sheds TX shale assets in $3.1 bln deal Wednesday, 7 May 2014 | 7:32 AM ET

    Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.

  • Stop stonewalling on data, feds tell oil shippers Friday, 2 May 2014 | 2:03 PM ET

    Oil-by-rail shippers have mostly ignored U.S. government requests for data that aim to prevent mishaps, officials said on Friday.

  • WEST CHESTER, Pennsylvania, April 15- The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier.

  • Helped by strong government support, plentiful labour and an abundant supply of raw materials like steel, China could become a major offshore oil equipment manufacturing hub in less than 10 years, industry executives say, just like Singapore and South Korea overtook the United States and Europe in the 1990 s.

  • Regulator: Fracking causes earthquakes Friday, 11 Apr 2014 | 12:45 PM ET
    A high pressure gas line crosses over a canal in an oil field over the Monterey Shale formation where gas and oil extraction using hydraulic fracturing, or fracking, is on the verge of a boom on March 23, 2014 near Lost Hills, Calif.

    State regulators have linked earthquake activity in Ohio to fracking, confirming the suspicions of activists pushing for a ban.

  • Barry Davis, EnLink Midstream president & CEO, discusses details of the massive deal that mergers Devon Energy with Crosstex Energy and shares his thoughts on processing areas rich in shale oil. The biggest headwind is managing regulations, says Davis.

  • Export nation: 10 US natgas projects to watch Thursday, 7 Nov 2013 | 12:09 PM ET

    Creating an export-driven natural gas renaissance in the United States requires building infrastructure—and a lot of it.

  • BP wins reprieve over Gulf spill payouts Thursday, 3 Oct 2013 | 1:38 AM ET

    BP won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill.

  • Insight on the day's major selloff, with Ira Epstein, The Linn Group; Frank McGhee, Integrated Brokerage Services; Stephen Schork, The Schork Report; Komal Sri-Kumar, Sri-Kumar Global Strategies; and CNBC's Bob Pisani & Sharon Eppesron.