Some of the names on the move ahead of the open.» Read More
LONDON, June 10- Lack of specialist equipment and skilled personnel have been the biggest barriers to raising the supply of oil over the last decade, contributing to the steady escalation in prices.
NEW YORK-- Jefferies& Co. upgraded Baker Hughes on Wednesday as its operations go into overdrive. Handler upped his rating to "buy," from "hold," and also increased his price target for the stock by $6 to $54. In premarket trading, shares of Baker Hughes Inc. rose 36 cents to $45.78.
NEW YORK May 16- Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market. "If we have to pick a driver for today, it's that the dollar's under pressure," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
May 13- Transocean Ltd said on Monday that Chairman Michael Talbert will step down later this year, in a move that comes just days before the culmination of a fight between the offshore driller and investor Carl Icahn in which Talbert was a target.
April 22- Halliburton Co is in "advanced" talks to settle private claims against it in a trial to determine blame for the 2010 Gulf of Mexico spill, the oilfield services company said on Monday, as it booked a $1 billion pretax charge for a possible deal.
April 22- Halliburton Co is in talks to settle private claims against it in a trial to determine how blame should be shared for the 2010 Gulf of Mexico spill, the company said on Monday, and it took a $1 billion pretax charge for a possible deal. The disclosure of the talks helped push Halliburton shares up 3.5 percent.
SINGAPORE, April 22- U.S. crude futures hovered around $88 a barrel on Monday, stabilising after a more than 3 percent fall last week caused by worries of slower global economic growth and the impact on fuel demand. *June Brent crude stayed below $100 after touching its lowest level since July 2012 on Wednesday.
*Schlumberger remains cautious on North America. April 19- Signs of improvement in the depressed North American drilling market and steady growth elsewhere helped oilfield services companies Schlumberger Ltd and Baker Hughes Inc beat Wall Street's profit expectations.
General Electric Co cuts its estimate for profit growth in its core industrial units, citing weakness in Europe and sliding wind turbine sales, unnerving Wall Street and pushing its stock down in morning trading. (GENERALELECTRIC-RESULTS/, moving shortly, by Ernest Scheyder, 1,000 words). McDonald's sees no restaurant rebound in April.
*Schlumberger says North America outlook remains uncertain. April 19- Signs of a improvement in the depressed North American drilling market and steady growth elsewhere underpinned higher-than-expected first-quarter profits for oilfield services giants Schlumberger Ltd and Baker Hughes Inc..
Check out which companies are making headlines before the bell on Friday:
April 19- Schlumberger Ltd, the world's largest oilfield services company, reported a profit that topped analysts' estimates for the sixth straight quarter, helped by robust drilling activity outside North America. Schlumberger said there had been no improvement in dry gas drilling in North America, despite significant drawdowns on inventories.
April 19- Baker Hughes Inc, the world's third-largest oilfield services provider, reported a higher-than-expected profit and forecast a modest increase in U.S. rig counts for 2013.. Net income from continuing operations attributable to Baker Hughes fell to $267 million, or 60 cents per share, from $379 million, or 86 cents per share, a year earlier.
Several more Dow components report earnings Friday, providing a glimpse of how industrial and consumer companies fared in the squishy global economy last quarter.
DUBAI/ KHOBAR, April 3- Saudi Arabia is unlikely to produce much shale gas this decade, hampered by scarce water and prices fixed far below production costs, but it has the reserves, the desire and the potential to become a shale giant one day.
NEW ORLEANS, March 19- The chief executive of Transocean Ltd, owner of the rig destroyed after BP Plc's Macondo well blew out in 2010, testified on Tuesday that his workers made mistakes that day, but were not responsible for overall safety at the site.
Outside North America, the number of rigs actually drilling for oil and gas averaged 1,277 in January and February, the highest since 1983, and more than double the number operating in 1999, according to rig counts published by oil field services company Baker Hughes International on its website.
LONDON/ PERTH, March 3- Oil engineering consultant Steve earns 550,000 Australian dollars a year and is seeing new graduates signed up for six-figure salaries. Australia, where 39- year old New Zealander Steve works as a drilling specialist for an international oil company, is one of the industry's inflation hotspots.
Hackers have hit many U.S. companies, but few have admitted it. Now, some are going public, reflecting new ways of judging the risks and benefits of such moves.
*Still mulling purchase of Vivendi's Brazil unit GVT. Feb 14- DirecTV warned that Venezuela's recent currency devaluation will crimp its results this year and said it was still considering buying Brazilian telecom operator GVT.