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Oil and Gas Equipment Commodity Market Trades, Charts

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  • Feb 3- Top U.S. oilfield equipment maker National Oilwell Varco Inc warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent, underscoring the extent of the spending cuts caused by the oil price slump. "Customers are delaying purchases of both capital and consumables wherever possible, seeking to conserve cash in...

  • Feb 3 (Reuters)- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, warned of a challenging market in 2015 after orders in its rig technology business plunged nearly 90 percent in the fourth quarter. Orders in the business, which makes rigs and drilling components, fell to $470 million from $3.61 billion in the quarter ended Dec. 31, from a year...

  • Feb 3- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported an 8 percent rise in quarterly revenue, helped by a strong backlog of orders for its rigs and drilling components. Net income attributable to the company fell to $595 million, or $1.39 per share, in the fourth quarter ended Dec. 31, from $658 million, or $1.53 per share, a year...

  • US manufacturing rebound a virtual 'myth': Study Monday, 12 Jan 2015 | 6:00 AM ET
    A Ford F-150 truck during assembly at the Ford Dearborn Plant in Dearborn, Michigan

    Despite anecdotal evidence, a new study is dismissing the U.S. manufacturing renaissance as little more than a "myth."

  • How low can we go? Picking the price of oil Wednesday, 7 Jan 2015 | 5:33 AM ET
    The oil storage depot at Indonesian oil company Pertamina in Jakarta

    Trying to pick the bottom of oil's surprise price plunge may be tougher this time around, with analysts turning to non-traditional indicators to make predictions.

  • Chart shows oil rig count may have long way to fall Friday, 19 Dec 2014 | 1:18 PM ET
    A pedestrian walks past pumpjacks operating at the Inglewood Oil field in Los Angeles.

    Oil rig count numbers have a long way to drop, late to chase the price fall in gas prices.

  • Other possible winners from the Halliburton deal Tuesday, 18 Nov 2014 | 3:13 PM ET
    A worker on a oil and gas drilling rig.

    A sale of parts of Halliburton's business to appease regulators could be a game-changer for smaller oilfield services companies, analysts say.

  • 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.

  • 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.

  • 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.

  • 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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • EnLink Midstream CEO on profits in the pipeline Tuesday, 11 Mar 2014 | 8:33 AM ET
    EnLink Midstream CEO on profits in the pipeline

    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.