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Schlumberger NV

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  • CHICAGO, July 21- All too often, I see investors heading in the wrong direction en masse. The Energy SPDR, which charges 0.16 percent for annual management expenses and holds Exxon Mobil Corp, Chevron Corp and Schlumberger NV, has climbed 22 percent in the past 12 months, with nearly one-third of that gain coming in the three months through July 18.

  • July 21- Halliburton Co, North America's top oilfield services provider, said it would add fracking equipment and crew to take advantage of higher demand in the region, signaling an industry-wide recovery after a two-year slump.

  • July 21- Halliburton Co, the world's No.2 oilfield services provider, said it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.

  • Halliburton's shares rose 1.5 percent in trading before the bell, after the company also raised its share repurchase program to $6 billion from $5 billion.

  • July 18- Oilfield service provider Schlumberger Ltd, which drills with Rosneft on the Russian island of Sakhalin, said there was no "real impact" on its business in Russia, two days after the United States slapped sanctions on Rosneft. "As of now, there is no impact from sanctions," Schlumberger Chief Executive Paal Kibsgaard said on a post-earnings conference call.

  • Schlumberger says "business as usual" in Russia Friday, 18 Jul 2014 | 8:49 AM ET

    July 18- Oilfield service provider Schlumberger Ltd, which drills with Rosneft on the Russian island of Sakhalin, said there was no "real impact" on its business in Russia, days after the United States slapped sanctions on Rosneft.

  • July 17- Schlumberger Ltd's, the world's largest oilfield services company, reported better-than-expected second quarter revenue as drilling activity picked up in North America. Schlumberger and Baker Hughes provide several services, including seismic surveys that determine where oil lies under the earth's surface and hydraulic fracturing of wells.

  • Schlumberger 2Q profit drops 24 percent Thursday, 17 Jul 2014 | 4:59 PM ET

    HOUSTON— Schlumberger NV on Thursday reported profit that declined by 24 percent in its second quarter, and beat analysts' expectations. The Houston- based company said earnings decreased to $1.6 billion, or $1.21 per share, from $2.1 billion, or $1.57 per share, in the same quarter a year ago.

  • Schlumberger second-quarter profit falls 24 percent Thursday, 17 Jul 2014 | 4:15 PM ET

    July 17- Schlumberger Ltd, the world's largest oilfield services company, reported a nearly 24 percent fall in quarterly profit. Net income fell to about $1.60 billion, or $1.21 per share, in the second quarter ended June 30, from $2.10 billion, or $1.57 per share, a year earlier. Revenue rose 8 percent to $12.05 billion.

  • By Swetha Gopinath and Ashutosh Pandey. July 17- Baker Hughes Inc, the world's third-largest oilfield services company, said it expects strong growth in North America as oil and gas producers turn to its new technologies to reduce drilling time and cut costs.

  • July 17- Baker Hughes Inc, the world's third-largest oilfield services company, posted a better-than-expected profit and said it expected increased activity for the remainder of the year. A pick up in drilling activity in North America and steady demand from the Middle East and Asia Pacific helped the company report a 47 percent jump in second-quarter profit.

  • NEW YORK, July 17- President Barack Obama aimed a direct blow at Russia's economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world's crude and over 8 percent of the country's GDP.

  • RPT-COLUMN-The real shale revolution: Kemp Monday, 14 Jul 2014 | 10:01 PM ET

    LONDON, July 14- By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. "Horizontal drilling is the real marvel of engineering and scientific innovation," David Blackmon wrote in Forbes magazine last year.

  • COLUMN-The real shale revolution: Kemp Monday, 14 Jul 2014 | 8:45 AM ET

    LONDON, July 14- By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. "Horizontal drilling is the real marvel of engineering and scientific innovation," David Blackmon wrote in Forbes magazine last year.

  • 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.

  • LONDON, July 7- Exploring for oil and gas is like gambling: it's all about playing probabilities, and using technology and skill to improve the odds.

  • COLUMN-Why secular stagnation is wrong: Kemp Monday, 30 Jun 2014 | 9:02 AM ET

    LONDON, June 30- "Equality of opportunity as we have known it no longer exists," Franklin Delano Roosevelt warned gloomily in September 1932. In a campaign speech to the Commonwealth Club of San Francisco, the Democratic Party's nominee for president of the United States told his listeners that "opportunity in business has narrowed.

  • CHICAGO, June 23- Despite the incendiary conflict in Iraq that last week sent the benchmark price of Brent crude oil to more than $115 a barrel, a nine-month high, U.S. stock markets largely shrugged off the oil threat, hitting record closing highs last week.

  • Cramer: ‘Basic’ way to leverage energy renaissance Wednesday, 18 Jun 2014 | 6:41 PM ET
    Jim Cramer on Mad Money.

    Jim Cramer knows he’s talked about oil producers with major shale exposure ad nauseam. Following is something new.

  • Exxon staff exit Iraq amid spiraling violence Wednesday, 18 Jun 2014 | 8:38 AM ET
    File photo of South Oil Company (SOC) adjust a valve at the Rumaila oil field in Basra Province.

    The head of Iraq's South Oil Company also insists that current developments have not affected and will not affect oil operations in the south.