Oil and Gas Equipment and Services

(FTI) FMC Technologies and Royal Dutch Shell Cut a Deal

Maker of oil drilling equipment, FMC Technologies Inc. (FTI) inked a deal with Royal Dutch Shell plc (RDS.A), one of the largest integrated energy firms in the world.

Per...

2Oct2013 | | Comments Off on (FTI) FMC Technologies and Royal Dutch Shell Cut a Deal | Continued

(OII) Oceaneering International and Saipem in a Deal

Oilfield services company Oceaneering International Inc. (OII) has inked a deal with Italian oil and gas contractor Saipem.

Per the contract, Oceaneering will provide ten subsea production control umbilicals and two electrical...

13Aug2013 | | Comments Off on (OII) Oceaneering International and Saipem in a Deal | Continued

(NOV) National Oilwell Hikes Dividend

Global large-cap energy equipment maker, National Oilwell Varco (NOV) has recently increased its quarterly cash dividend payment by 100% to 26 cents per share, up from 13 cents per share paid in the previous quarter. The new dividend...

10Aug2013 | | Comments Off on (NOV) National Oilwell Hikes Dividend | Continued

(BHI) U.S. Oil Drilling Rig Count Holds Steady at 1769

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported an unchanged U.S. rig count (number of rigs searching for oil and gas in the country), as a recovery in the number of natural gas rigs...

25Jul2013 | | Comments Off on (BHI) U.S. Oil Drilling Rig Count Holds Steady at 1769 | Continued

(SLB) Schlumberger Limited Poised at Neutral

We have reaffirmed our Neutral recommendation on Schlumberger Limited (SLB), a leading oilfield services company, on May 7, 2013. Robust performance in the international arena drove margin improvement. However, activity weakness in...

15Jul2013 | | Comments Off on (SLB) Schlumberger Limited Poised at Neutral | Continued

(FTI) FMC Technologies Inks Deal with ConocoPhillips

FMC Technologies Inc. (FTI), maker of oil drilling equipment, entered into a deal with ConocoPhillips Australia Pty Ltd., an affiliate of Houston, Texas-based ConocoPhillips (COP),...

19Jun2013 | | Comments Off on (FTI) FMC Technologies Inks Deal with ConocoPhillips | Continued

(HAL) Halliburton: Still a Good Value

Shares of Halliburton Co. (HAL) are trading near their 52-week high of $43.96. In fact, the Houston, TX-based oilfield services behemoth has seen its stock price climb some 20% since the beginning of the year.

Despite this price...

23May2013 | | Comments Off on (HAL) Halliburton: Still a Good Value | Continued

(FTI) FMC Technologies and Exxon Mobil Join Forces

Maker of oil drilling equipment, FMC Technologies Inc. (FTI) inked a deal with Exxon Mobil Corporation (XOM), the world’s largest publicly traded oil company.

Per...

20May2013 | | Comments Off on (FTI) FMC Technologies and Exxon Mobil Join Forces | Continued

(FTI) FMC Technologies Scales 52-Week High

Shares of FMC Technologies Inc. (FTI) hit a 52-week high of $56.04 on May 6. In fact, the Houston, Texas-based oil drilling equipment maker has seen its stock price climb some 30% since the beginning of the year. This price appreciation...

17May2013 | | Comments Off on (FTI) FMC Technologies Scales 52-Week High | Continued

(CLB) Core Laboratories N.V. Posts Stellar First Quarter Earnings

Oilfield service company, Core Laboratories N.V. (CLB) reported excellent first quarter 2013 results, highlighting global deepwater hydrocarbon developments.

Quarterly earnings per share (EPS) came in at $1.22, surpassing the...

3May2013 | | Comments Off on (CLB) Core Laboratories N.V. Posts Stellar First Quarter Earnings | Continued

(HAL) Will Halliburton Report a Rare Earnings Miss?

Major oilfield services provider Halliburton Co. (HAL) is set to release its first-quarter 2013 results before the opening bell on Monday, Apr 22.

In the preceding three-month period, Halliburton delivered a positive 3.28% earnings...

2May2013 | | Comments Off on (HAL) Will Halliburton Report a Rare Earnings Miss? | Continued

(CAM) Cameron International Earnings and Revenue Miss

Oil drilling equipment maker Cameron International Corp. (CAM) reported first quarter earnings per share – excluding charges – of 70 cents, missing the Zacks Consensus Estimate by 4 cents. The weaker-than-expected results were...

2May2013 | | Comments Off on (CAM) Cameron International Earnings and Revenue Miss | Continued

(SLB) Schlumberger Earnings Preview

Leading oilfield services company, Schlumberger Limited (SLB) is set to report its first-quarter 2013 results on Apr 19, 2013. Let’s see how things are shaping up prior to the announcement.

In the last quarter, the company’s...

27Apr2013 | | Comments Off on (SLB) Schlumberger Earnings Preview | Continued

(BHI) U.S. Oil Drilling Rig Count Jumps by 33

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This upside can be mainly attributed to an increase...

24Apr2013 | | Comments Off on (BHI) U.S. Oil Drilling Rig Count Jumps by 33 | Continued

(FTI) FMC Technologies Touches 52-Week High

Shares of oil drilling equipment maker FMC Technologies Inc. (FTI) soared to a 52-week high of $55.32 on Wednesday, Apr 10, 2013, on the back of several positive developments. The closing price of the Houston-based company on that...

18Apr2013 | | Comments Off on (FTI) FMC Technologies Touches 52-Week High | Continued

(FTI) FMC Technologies Inks Deal with Statoil ASA

Oil drilling equipment maker FMC Technologies Inc. (FTI) has inked a deal with Norway’s Statoil ASA (STO), an integrated oil and gas company, for the supply of additional...

18Apr2013 | | Comments Off on (FTI) FMC Technologies Inks Deal with Statoil ASA | Continued

(BHI) A New Low for Natural Gas Rig Count

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be attributed to a decrease in the...

10Apr2013 | | Comments Off on (BHI) A New Low for Natural Gas Rig Count | Continued

(FTI) FMC Technologies Signs $130 Million Deal With Petrobras

Oil drilling equipment maker FMC Technologies Inc. (FTI) has entered into a deal with Brazil’s state-run energy giant Petroleo Brasileiro S.A., or Petrobras (PBR)...

30Mar2013 | | Comments Off on (FTI) FMC Technologies Signs $130 Million Deal With Petrobras | Continued

(BHI) U.S. Oil Drilling Rig Count Falls by 4

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be attributed to a decrease in the...

18Mar2013 | | Comments Off on (BHI) U.S. Oil Drilling Rig Count Falls by 4 | Continued

(OII) Oceaneering International Inks Deal with RIG Unit

Oilfield services company, Oceaneering International Inc. (OII) announced that it has won a contract from one of the affiliates of offshore drilling giant Transocean Ltd. (RIG),...

20Feb2013 | | Comments Off on (OII) Oceaneering International Inks Deal with RIG Unit | Continued

(FTI) FMC Technologies Wins Subsea Contract

Oil drilling equipment maker FMC Technologies Inc. (FTI) entered into a deal with energy major BP Plc (BP) for the manufacture and supply of subsea equipment.

Per...

18Feb2013 | | Comments Off on (FTI) FMC Technologies Wins Subsea Contract | Continued

(CAM) Cameron International Just Misses – Grows Year over Year

Oil drilling equipment maker Cameron International Corp. (CAM) reported fourth quarter earnings per share – excluding charges – of 95 cents, missing the Zacks Consensus Estimate by a penny. The weaker-than-expected results were...

10Feb2013 | | Comments Off on (CAM) Cameron International Just Misses – Grows Year over Year | Continued

(SLB) Schlumberger Limited Reiterated at Neutral

On Jan 31, we reaffirmed our Neutral recommendation on the leading oilfield services company Schlumberger Limited (SLB), following its fourth quarter results. The company’s strong performances in the Gulf of Mexico (GoM) region,...

4Feb2013 | | Comments Off on (SLB) Schlumberger Limited Reiterated at Neutral | Continued

(BHI) Baker Hughes – Bear of the Day

We are downgrading our recommendation on Baker Hughes Inc. (BHI) to Underperform from Neutral ahead of its fourth quarter results. The company’s third-quarter 2012 results suffered from the discrepancies in the North American Pressure...

23Jan2013 | | Comments Off on (BHI) Baker Hughes – Bear of the Day | Continued

(CLB) Core Laboratories N.V. Hikes Dividend by 14.2%

Oilfield service company Core Laboratories N.V. (CLB) increased its quarterly common stock dividend by 14.2% to 32 cents per share ($1.28 per share annualized). The new dividend will be paid on February 22, 2013 to shareholders of...

16Jan2013 | | Comments Off on (CLB) Core Laboratories N.V. Hikes Dividend by 14.2% | Continued

(WFT) Weatherford International – Bear of the Day

We are maintaining our recommendation on Weatherford International (WFT) at Underperform. Operating results in the third quarter were challenging, and several one-time or transitory issues impacted the results.

The company expects its...

15Jan2013 | | Comments Off on (WFT) Weatherford International – Bear of the Day | Continued

(FTI) FMC Technologies Inks Deal with Statoil

Oil drilling equipment maker FMC Technologies, Inc. (FTI) has entered into a deal with Norwegian oil and gas firm Statoil ASA (STO) for the supply of additional subsea...

1Jan2013 | | Comments Off on (FTI) FMC Technologies Inks Deal with Statoil | Continued

(BHI) U.S. Rig Count Falls Again

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be attributed to a decrease in the...

17Dec2012 | | Comments Off on (BHI) U.S. Rig Count Falls Again | Continued

(BHI) U.S. Oil Drilling Rig Count Falls by Six

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be...

5Dec2012 | | Comments Off on (BHI) U.S. Oil Drilling Rig Count Falls by Six | Continued

(BHI) U.S. Oil Drilling Rig Count Rises by Three

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This upside can be attributed to an increase in...

3Dec2012 | | Comments Off on (BHI) U.S. Oil Drilling Rig Count Rises by Three | Continued