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Oil and Gas Energy Equipment and Services

  • Oct 23- Oilfield services provider Halliburton Co on Monday reported a third-quarter profit that topped analysts' estimates, driven by better pricing and increased activity in North America, its biggest market. Halliburton said revenue from North America surged 91 percent to $3.16 billion in the three months ended Sept. 30, due to a "strengthening of market...

  • Oct 23- Halliburton Co reported a rise in third-quarter profit as the oilfield services company benefited from strong drilling activity in North America, its biggest geography by sales. Net profit attributable to Halliburton rose to $365 million, or 42 cents per share, in the three months ended Sept. 30, from $6 million, or 1 cent per share, a year earlier.

  • HOUSTON _ Halliburton Co. on Monday reported third-quarter net income of $365 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Nine analysts surveyed by Zacks expected $5.32 billion.

  • HOUSTON— The number of rigs exploring for oil and natural gas in the U.S. declined by 15 this week to 913.. Among major oil- and gas-producing states, Texas lost eight rigs, Alaska and Wyoming each declined by two and New Mexico and Utah each lost one. Arkansas, California, Colorado, Kansas, Louisiana, North Dakota, Ohio, Oklahoma, Pennsylvania and West Virginia were...

  • HOUSTON, Oct 20- Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader. Shipping delays and quality concerns also are jeopardizing the OPEC- member country's crude sales,...

  • Oct 20- Schlumberger Ltd and Baker Hughes, the world's top two oilfield services firms, warned on Friday of a slowdown in North America and a challenging year ahead as crude oil prices stay volatile. Schlumberger said investments in North America were moderating as energy companies increasingly shied away from chasing higher production at the cost of...

  • Net profit attributable to Houston- based Schlumberger company rose to $545 million, or 39 cents per share, in the quarter ended Sept. 30, from $176 million, or 13 cents per share, last year. The company's revenue rose to $7.91 billion from $7.02 billion in the same quarter last year. Schlumberger shares were slightly higher at $64.60 in premarket trading on Friday,...

  • THE HAGUE, Netherlands— Schlumberger NV on Friday reported third-quarter profit of $545 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 42 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Oct 20- Schlumberger Ltd posted a bigger quarterly profit on Friday, as its North American business continues to be helped by strong shale drilling. Net profit attributable to the Houston- based oilfield services company rose to $545 million, or 39 cents per share, for the third quarter ended Sept. 30, from $176 million, or 13 cents per share, last year.

  • The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. Seven analysts surveyed by Zacks expected $5.5 billion. Elements of this story were generated by Automated Insights using data from Zacks Investment Research.

  • QUITO, Oct 19- Ecuador's state oil company Petroamazonas said it will issue some $350 million in bonds to repay part of its debts with oil services company Schlumberger as part of a wider deal that also includes other payment decisions. The company owes Schlumberger some $850 million. In November we will issue bonds for $350 million, " Alex Galarraga,...

  • Oct 19- Oilfield services giant Schlumberger Ltd sealed a deal to buy oil and gas assets worth $1 billion from Cenovus Energy on Thursday, raising further concerns about its strategy to own more refining and drilling operations directly. For Calgary, Alberta- based Cenovus, the sale is the latest in its plan to offload assets as it pays down debt, including loans it...

  • LONDON, Oct 19- Crude oil flows through the Iraqi Kurdish pipeline to the Turkish port of Ceyhan were fluctuating close to 200,000 barrels per day on Thursday afternoon, a local shipping source said. The level is slightly lower than the overnight and morning rate. The source said the hourly rate was between 8,000 and 9,000 barrels.

  • CARACAS/ HOUSTON, Oct 18- Venezuela's state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for discounts, according to internal PDVSA documents and interviews with a dozen oil executives, workers, traders and inspectors.

  • LONDON, Oct 18- Crude oil flows through the Kurdish pipeline to the Turkish port of Ceyhan have dropped sharply to around 225,000 barrels per day, a shipping source said on Wednesday without providing the reason. On Tuesday Iraqi forces took control of the Bai Hasan and Avana oilfields northwest of Kirkuk, after Kurdish Peshmerga fighters pulled out from the...

  • LOS ANGELES— A fire that erupted at the largest oil refinery on the West Coast threatened storage tanks while sending huge flames into the sky and black smoke across California neighborhoods before crews quickly smothered it. Dozens of firefighters responded late Tuesday to the 1,000- acre Chevron El Segundo Refinery just south of Los Angeles, which...

  • SEOUL, Oct 18- South Korea said on Wednesday that its plan to ease blending restrictions at oil storage terminals would come into effect on Thursday, as the government continues its push to boost international oil trading in the country. Previously, international oil traders with storage tanks in South Korea were only allowed to mix oil products in bonded areas...

  • SEOUL, Oct 18- South Korea said on Wednesday that its plan to ease blending restrictions at oil storage terminals will come into effect on Thursday, as the government continues its push to boost international oil trading in the country. The energy ministry said in a statement that the move would help expand the country's oil trading business and transform its...

  • Oct 16- Ocean Rig UDW's top investor Elliott Management on Monday urged the offshore driller to hire advisers to review opportunities including possible strategic deals. Elliott said it planned to rope in Ocean Rig's second-biggest investor, BlueMountain Capital, in the efforts. The activist hedge fund disclosed a 20.4 stake in the company earlier this...

  • Oct 16- Ocean Rig UDW's top investor Elliott Management on Monday urged the offshore driller to hire advisers to review "opportunities" including possible strategic deals. Elliott disclosed a 20.4 stake in the company earlier this month after it completed restructuring in September. Ocean Rig filed for Chapter 15 bankruptcy protection in a U.S. court in March,...