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Schlumberger NV

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  • QUITO, Oct 8- Oilfield service providers will invest $2.1 billion in Ecuador over the next five years in return for being awarded contracts for 17 blocks and receiving payment for each additional oil barrel produced there, an official said on Wednesday. State-run company Petroamazonas has reached deals with Schlumberger, Argentina's YPF and Tecpetrol,...

  • Brent crude climbed above $98 after hitting a 26- month low in the prior session while U.S. crude gained 78 cents to $93.70 on the possibility of an output cut from OPEC. Among the leaders to the upside were Exxon Mobil, up 0.8 percent to $97.04, and Schlumberger, up 0.7 percent to $103.72.

  • NEW YORK, Sept 8- The Dow and S&P 500 ended lower on Monday after a drop in energy shares, while the Nasdaq edged higher with Yahoo. Shares of Exxon Mobil fell 1.5 percent and Schlumberger's were down 2.1 percent, among the biggest drags on the S&P 500..

  • Shares of Exxon Mobil are down 1.5 percent and Schlumberger's are down 2.2 percent, among the biggest drags on the S&P 500.. The largest percentage gainer on the New York Stock Exchange is Essent Group, up 10.59 percent, while the largest percentage decliner is Coupons.com, down 8.08 percent.

  • China oil giants to boost spending as probe slows Tuesday, 2 Sep 2014 | 7:48 PM ET
    A worker walking by at an oil refinery of China's Sinopec, in Wuhan, central China's Hubei province.

    Flagship Chinese oil producers are preparing to ramp up multi-billion dollar capital spending plans squeezed amid a Beijing probe into industry graft.

  • TAKE A LOOK-Economic impact of the Ukraine crisis Friday, 15 Aug 2014 | 7:46 AM ET

    Aug 15- Here is a selection of Reuters news, comment and analysis on the economic fall-out from Russia's stand-off with the West over Ukraine. >NATO chief: "high probability" Russia will intervene in Ukraine. >EU, U.S. announce new sanctions on Russia.

  • Jim Cramer: Here's what will move oil prices Wednesday, 13 Aug 2014 | 11:33 AM ET

    These two geopolitical concerns could drive oil prices, says CNBC's Jim Cramer.

  • Midday Movers: Kate Spade, Chevron, Insys & more Tuesday, 12 Aug 2014 | 12:33 PM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Take a look at some of Tuesday's midday movers:

  • Aug 12- Schlumberger Ltd, the world's largest oilfield services company, said U.S. and EU sanctions on Russia would hurt its third-quarter earnings, becoming the first major U.S. company to say so.

  • Schlumberger expects Russia sanctions to hurt earnings Tuesday, 12 Aug 2014 | 8:21 AM ET

    Aug 12- Schlumberger Ltd, the world's largest oilfield services company, said it expected U.S. and EU sanctions on Russia to hurt earnings by 3 cents per share in the third quarter. Analysts on average expect the company to earn $1.51 per share in the quarter ending September, according to Thomson Reuters I/B/E/S.

  • LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.

  • CHELTENHAM, England, July 24- New business is coming from unexpected places to help power the whirring, high-tech lathes on the factory floor of Future Advanced Manufacture, one of the companies spearheading Britain's manufacturing revival.

  • British manufacturing emerges from years in the shadows Thursday, 24 Jul 2014 | 2:30 AM ET

    CHELTENHAM, England, July 24- New business is coming from unexpected places to help power the whirring, high-tech lathes on the factory floor of Future Advanced Manufacture, one of the companies spearheading Britain's manufacturing revival.

  • Your first trade for Tuesday Monday, 21 Jul 2014 | 2:20 PM ET

    The "Fast Money" traders share their final trades of the day.

  • 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.