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Nabors Industries Ltd

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  • May 13- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June. Houston- based Schlumberger also said last month that it plans to cut another 11,000 jobs, bringing the total job cuts...

  • April 21- Contract driller Nabors Industries Ltd's quarterly revenue fell 10.5 percent, hurt by slower drilling activity in North America, and the company said it had cut its workforce by more than 18 percent since the end of 2014.. The company reported revenue of $1.42 billion in the quarter ended March 31, compared with the analysts' average estimate of $1.34...

  • April 21- Contract driller Nabors Industries Ltd said it reduced its global workforce by more than 18 percent since the end of 2014 as the slump in oil prices hurt drilling activity. Nabors said on Tuesday it cut its workforce by 41 percent in its U.S. drilling operations and 26 percent in Canada. The company's revenue fell 10.5 percent to $1.42 billion in the first...

  • March 2- Onshore and offshore driller Nabors Industries Ltd swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices. Nabors recorded charges of about $1.2 billion in the quarter related to its pending deal with C&J Energy Services Inc and the "current industry downturn." Nabors posted a net loss of $891.1 million, or $3.08...

  • March 2- Onshore and offshore driller Nabors Industries Ltd reported a quarterly loss, hurt by lower drilling activity amid a slump in global crude prices. The company posted a net loss of $891.1 million, or $3.08 per share, in the fourth quarter ended Dec. 31, compared with a profit of $150.6 million, or 50 cents per share, a year earlier. Revenue rose 11.1 percent to...

  • Feb 27- Offshore driller Nabors Industries Ltd swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices. Nabors recorded charges of about $1.2 billion in the quarter related to its pending deal with C&J Energy Services Inc and the "current industry downturn." Nabors posted a net loss of $891.1 million, or $3.08 per share, in the...

  • Feb 27- Offshore driller Nabors Industries Ltd reported a quarterly loss, hurt by lower drilling activity amid a slump in global crude prices. The company posted a net loss of $891.1 million, or $3.08 per share, in the fourth quarter ended Dec. 31, compared with a profit of $150.6 million, or 50 cents per share, a year earlier. Revenue rose 11.1 percent to $1.79 billion.

  • Feb 9- Oilfield services provider C&J Energy Services Inc cut the cash portion of its offer to buy Nabors Industries Ltd's well maintenance business by $250 million after oil prices halved since the deal was announced in June. With the cash component of the offer reduced to $688 million, the deal is now valued at about $1.45 billion based on C&J Energy's Friday...

  • WASHINGTON, Feb 9- Some critics blame the 35- percent U.S. statutory corporate income tax rate for a recent wave of foreign reincorporations by U.S. companies, but a Reuters analysis shows many other factors were involved. The medical device maker's buyout of Covidien Plc, of Ireland, is nearing completion. The new company will be managed from Minneapolis, but...

  • BOSTON, Feb 8- These are nervous times at the top of North America's oil companies. "2014 is going to look like a pretty good year for most," said Mike Halloran, senior partner and executive compensation specialist at the Dallas office of consulting firm Mercer. In dollar terms, energy company CEOs made an average of $7.3 million in 2013 compared with an average of $5.3...

  • 5 ways to profit from beaten-down energy stocks Wednesday, 28 Jan 2015 | 7:46 AM ET
    The oil storage depot at Indonesian oil company Pertamina in Jakarta

    Energy stocks eventually will go up unless the global economy collapses. But keep it simple. Don't overthink your basis for a rebound bet.

  • After-hours buzz: Apple, Cliffs Natural & more Tuesday, 30 Dec 2014 | 5:02 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Take a look at some of Tuesday's after-hours buzz: Apple, Cliffs & more

  • NEW YORK, Dec 29- U.S. stocks edged higher in a thinly-traded session on Monday as the market's recent upward bias continued and put the Dow on track for an eighth straight daily advance. The Dow's seven-session streak is its longest since March 2013. I don't see anything... that could derail or upset the market, "said Mark Martiak, senior wealth strategist at Premier...

  • Midday movers: Facebook, Chevron, Tesco & more Monday, 22 Dec 2014 | 12:46 PM ET

    Some of Monday midday movers:

  • NEW YORK, Dec 18- Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down. "The proof is that oil turned down and the market said,' Oh, that was yesterday's news, today we're moving ahead,"' said Quincy Krosby, market strategist at...

  • Analysts say companies with considerable debt such as Nabors Industries Ltd and small private firms with less efficient rigs will scramble to keep them in operation. Rig rates of $25,000- $30,000 per day in the quarter ended Sept. 30, are expected to fall 20-25 percent or more next year and talks over lower rates are already underway, analysts said.

  • *Indexes: Dow down 0.7 pct, S&P down 0.9 pct, Nasdaq down 1.2 pct. NEW YORK, Dec 16- U.S. stocks fell for a third day in a volatile session Tuesday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy. People buy stocks that have done well so you get this bump up, "said Daniel Morgan,...

  • Midday movers: Chevron, Crocs, JetBlue & more Tuesday, 16 Dec 2014 | 2:25 PM ET
    Wall Street subway station NYSE

    Some of Tuesday's midday movers:

  • *Buyback, dividend hike, guidance lift Boeing, 3 M, CVS. NEW YORK, Dec 16- The Dow and S&P 500 were holding onto small gains in volatile trading Tuesday afternoon, helped by a rebound in energy shares and investor bets the Federal Reserve will be cautious in removing support in the face of a more fragile global economy. U.S. crude, which fell as much as 4.1 percent, was last...

  • Midday Movers: Exxon Mobil, Morgan Stanley & more Friday, 12 Dec 2014 | 1:02 PM ET
    New York Stock Exchange NYSE

    Some of Friday's midday movers: