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Energy Equipment and Services Oil and Gas Drilling Commodity Market Trades, Charts

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  • July 23- Hercules Offshore Inc, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, said on Thursday it plans to file for creditor protection in about three weeks and emerge several months later with a restructured balance sheet. The company's balance sheet lists $266 million in current assets and $1.35 billion in current...

  • An energy play that nobody's talking about Thursday, 23 Jul 2015 | 12:38 PM ET
    Flared natural gas is burned at an Apache natural gas plant in the Permian Basin in Garden City, Texas.

    Companies are plowing billions into infrastructure projects, making long-term bets that demand for nat gas will keep growing.

  • CHESTER HILL, Pa.— A Canadian company that provides natural gas drillers with hydraulic fracturing and other services has laid off 60 workers at its central Pennsylvania operation. The Centre Daily Times reports the layoffs leave Calfrac Well Services with about 10 employees who will maintain its equipment, facility and to support the company's sales.

  • Land driller Patterson-UTI swings to quarterly loss Thursday, 23 Jul 2015 | 6:08 AM ET

    July 23- Land rig provider Patterson-UTI Energy Inc swung to a quarterly loss as oil and gas producers cut back on drilling amid a steep drop in crude prices. The company reported a net loss of about $19 million, or 13 cents per share, in the second quarter ended June 30, compared with a profit of $54.3 million, or 37 cents per share, a year earlier. Revenue fell nearly 38...

  • Halliburton, a provider of drilling services to oil and gas operators, earned $54 million, or 6 cents per share, for the period ended June 30. A year earlier the Houston company earned $774 million, or 91 cents per share. The average estimate of 17 analysts surveyed by Zacks Investment Research was for adjusted earnings of 29 cents per share.

  • OIL DRILLERS CUT RIGS THIS WEEK AS CRUDE PRICES COLLAPSE- BAKER HUGHES.

  • Gartman: The real winner from Iran deal talks Monday, 13 Jul 2015 | 6:53 PM ET
    Oil tanker at the Port of Long Beach, Calif.

    As oil slid on speculation of an Iran nuclear deal, Dennis Gartman of "The Gartman Letter" said one group could be a big beneficiary.

  • OIL DRILLERS ADD RIGS FOR A SECOND WEEK IN A ROW- BAKER HUGHES.

  • It's time to lift the US ban on crude-oil exports Wednesday, 8 Jul 2015 | 8:48 AM ET

    Congress should flip the calendar to 2015 and repeal the ban on crude-oil exports, says CME Group President Terry Duffy.

  • Oil rout may be worse for drillers than you think Tuesday, 7 Jul 2015 | 1:28 PM ET
    Workers from Select Energy Services at a Hess fracking site near Williston, N.D.

    A sudden oil price downturn puts drillers with weak balance sheets in a tough position ahead of a critical test of their health.

  • SAO PAULO, July 6- Offshore oil driller Ensco Plc said in a statement on Monday it has found no evidence of wrongdoing by its employees or other representatives in a regular compliance review of operations in Brazil. The statement was in response to comments from Brazilian prosecutor Carlos Fernando dos Santos Lima on Thursday alleging that Jorge Zelada,...

  • Shell's new Gulf project Thursday, 2 Jul 2015 | 3:19 PM ET
    Shell's new Gulf project

    Marvin Odum, Shell Oil President, discusses the company's new project in the Gulf of Mexico. He says this is going to be a profitable project because the breakeven price is about $55 per barrel.

  • LONDON, June 29- Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of drillers operating in region. He said Argentina was conducting a "flagrant and unacceptable campaign to strangle the Falkland Islands...

  • A threat to the US oil boom no one's talking about Saturday, 27 Jun 2015 | 11:28 AM ET
    Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    The sharp drop in oil prices is squeezing drilling operations in North Dakota and the Bakken Formation. Will players in the region survive?

  • Drill, drill, drill! And then maybe go bankrupt Tuesday, 16 Jun 2015 | 12:32 PM ET
    Oil workers using chain to position drill on drilling platform.

    Bankruptcy and dealmaking has yet to hit the U.S. oil patch, but drillers face another crucial test of their health this fall.

  • Lower oil prices may cut into skilled energy jobs Thursday, 11 Jun 2015 | 3:44 PM ET
    Drilling in the Bakken shale formation outside Watford City, N.D.

    Lower oil prices could exacerbate potential labor shortages in the energy industry, according to The Times-Picayune.

  • Big oil, big quakes? Wednesday, 10 Jun 2015 | 5:42 PM ET
    Workers enter an Exxon Mobil refinery

    CNBC's Morgan Brennan reports on Exxon Mobil's fielding of questions about fracking activities at a state hearing. Discussing how big of a problem this could be for oil, with Pavel Molchanov, Raymond James.

  • June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. In the latest week, drillers added one oil rig in the Permian basin in West Texas and eastern New Mexico, the biggest and fastest growing U.S. shale oil basin.

  • June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. With some OPEC countries like Saudi Arabia and Iraq pumping oil at record or near record levels, the group is trying to keep crude prices low enough to support global oil...

  • OPEC keeps pumping Friday, 5 Jun 2015 | 8:00 AM ET
    OPEC keeps pumping

    OPEC decides to leave oil production levels where they are.