Oil and Gas Equipment and Services
(FTI) FMC Technologies and Anadarko Sign Service Deal
Oil drilling equipment maker FMC Technologies Inc. (FTI) inked a deal with Anadarko Petroleum Corporation (APC), whereby it will render subsea systems and life-of-field services to the latter. None of the parties disclosed the financial terms of the agreement. The Woodlands-based...
18Jan2012 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Stumbles
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 can be primarily attributed to a decrease in the tally of natural gas-directed rigs, partially...
27Dec2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Heads Further Down
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 can be primarily attributed to a decrease in the tally of land rigs, partially offset by...
5Dec2011 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies Gets Wheatstone Deal
FMC Technologies Inc (FTI) has entered into a design, manufacture and supply agreement with the Australian unit of Chevron Corporation (CVX). The deal will fetch FMC approximately $325 million in revenue. Per the deal, the Australian subsidiary of FMC will deliver 11 sub-sea...
2Dec2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Edges Lower
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a marginal dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of land rigs, partially...
29Nov2011 | vitalstocks | 0 comments | Continued(CAM) Cameron International Sees Profits Surge
Oil drilling equipment maker Cameron International Corp. (CAM) reported third quarter earnings per share (excluding special items) of 78 cents, exceeding the 64 cents (adjusted) earned in the prior-year quarter and the Zacks Consensus Estimate of 74 cents. The outperformance...
3Nov2011 | vitalstocks | 0 comments | Continued(SLB) Schlumberger Limited to Drill for Petroleos Mexicanos (Pemex)
Houston, Texas-based Schlumberger Limited (SLB)’s local branch secured the right to drill a mature oil field offered by Mexico’s state oil monopoly Petroleos Mexicanos (Pemex) after the original winner – Mexican concern Administradora en Proyectos de Campos – failed to...
26Oct2011 | vitalstocks | 0 comments | Continued(CAM) Cameron International Lands Jette Subsea Contract
Oil drilling equipment maker Cameron International Corp. (CAM) announced a $56 million contract from Norwegian oil company Det Norske Oljeselskap ASA to supply future subsea technology solutions for its oil and gas projects in the North Sea. Cameron said that the deal – representing...
17Oct2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Gains Six Oil-Drilling Rigs Over the Week
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) to its highest level since November 7, 2008. This can be primarily attributed to an increase...
27Sep2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count at 34-Month High
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) to its highest level since November 7, 2008. This can be primarily attributed to an increase...
21Sep2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Loses 10 Oil Rigs over the Week
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 can be primarily attributed to a decrease in the tally of land rigs. The Baker Hughes rig...
16Sep2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Up by 1 Unit
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to an increase in the tally of land rigs searching...
12Sep2011 | vitalstocks | 0 comments | Continued(DVR) TiVo Launches New DVR
A developer of advanced television services and digital video recorders (DVR) TiVo Inc. (TIVO), recently launched its new TiVo Premiere Elite set-top box. The set-top box is expected to be available by the end of 2011. The latest set-top box offers four digital tuners and has...
12Sep2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Use Falls by Seven Units
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 can be primarily attributed to a decrease in the tally of land rigs. The Baker Hughes rig...
8Sep2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Natural Gas Drilling Rig Count Hits 900
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 can be primarily attributed to an increase in the tally of land rigs. The Baker Hughes...
23Aug2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Up by a Unit
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to an increase in the tally of land rigs. The Baker...
5Aug2011 | vitalstocks | 0 comments | Continued(CAM) Cameron International Beats The Street – Profit and Backlog Up
Oil drilling equipment maker Cameron International Corp. (CAM) reported strong second quarter 2011 results, driven by robust performance from its ‘Drilling & Production Systems’ and ‘Valves & Measurement’ segments. The company’s earnings per share (excluding...
3Aug2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Goes Past 1900
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 can be primarily attributed to an increase in the tally of land rigs. The Baker Hughes...
20Jul2011 | vitalstocks | 0 comments | Continued(HAL) Halliburton Fortifies Poland Link
Oilfield service provider Halliburton Company (HAL) has won a shale natural gas exploration contract in Poland from Chevron Corporation (CVX). The financial terms of the deal were not disclosed. The scope of the deal includes drilling services, mud logging, cementing, coiled...
15Jul2011 | vitalstocks | 0 comments | Continued(NOV) National Oilwell Varco to Buy Ameron International
Oilfield services firm National Oilwell Varco Inc. (NOV) has agreed to acquire industrial parts maker Ameron International Corp. (AMN) for about $772 million in cash. The transaction, which has been approved by the boards of both the companies but awaits regulatory and shareholder...
6Jul2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Pushes Rig Count Up
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 can be primarily attributed to an increase in the tally of oil rigs. The Baker Hughes rig...
6Jul2011 | vitalstocks | 0 comments | Continued(NOV) National Oilwell Varco Buying Ameron International
Oilfield services firm National Oilwell Varco Inc. (NOV) has agreed to acquire industrial parts maker Ameron International Corp. (AMN) for about $772 million in cash. The transaction, which has been approved by the boards of both the companies but awaits regulatory and shareholder...
6Jul2011 | vitalstocks | 0 comments | Continued(HAL) Halliburton Earns Near-Term Bullish Opinion
Shares of Halliburton Co. (HAL) are currently trading close to its 52-week high of $51.45. The second-largest member of the oilfield services contingent behind Schlumberger Ltd. (SLB) has seen its share price climb approximately 25% since the beginning of the year, as investors...
5Jul2011 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Unveils Advanced System
Oilfield services provider Baker Hughes (BHI) has launched a new wellbore clean-up and displacement system. This will be utilized to ensure equipment efficiency as well as minimum hazards while operating in high-cost environments such as deepwater applications; horizontal, extended-reach,...
5Jul2011 | vitalstocks | 0 comments | Continued(SLB) Schlumberger Limited to Take Over Framo
Schlumberger Limited (SLB) announced that it will acquire the remaining shares of Framo Engineering AS from Frank Mohn AS that gives a boost to its subsea footprint. The closing of the transaction is subject to regulatory approval and the company did not reveal any financial...
30Jun2011 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies and Royal Dutch Shell in Supply Deal
Offshore oilfield equipment manufacturer FMC Technologies Inc. (FTI) entered into an agreement with the Australian unit of Royal Dutch Shell plc (RDSA) for the supply of subsea production and associated topside systems. These equipments will be utilized for the development of...
29Jun2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Tops 1000
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 can be primarily attributed to an increase in the tally of oil rigs. The Baker Hughes rig...
28Jun2011 | vitalstocks | 0 comments | Continued(DRQ) Dril-Quip Receives $39 Million Order
A wholly-owned subsidiary of Dril-Quip, Inc. (DRQ) has earned a contract worth approximately $39 million from Murphy Sabah Oil Company, Ltd. Under the term of the contract, Dril-Quip’s subsidiary, Dril-Quip Asia Pacific PTE Ltd. will deliver drilling and production equipment...
24Jun2011 | vitalstocks | 0 comments | Continued(BHI) Since Last Year, It’s Been Nothing But “Drill, Baby, Drill”
by David Fessler, Investment U Senior Analyst Thursday, June 23, 2011 When Michael Steele first coined the phrase “drill, baby, drill” during a speech at the 2008 Republican National Convention, he suggested the United States needed to increase drilling for oil and gas...
23Jun2011 | InvestmentU | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Goes Up
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 can be primarily attributed to an increase in the tally of oil rigs, somewhat offset by...
20Jun2011 | vitalstocks | 0 comments | Continued