Stock Blog Hub » Oil and Gas Equipment and Services

(BHI) U.S. Oil Drilling Rig Count Remains in Check

vitalstocks — Wed, 01 Feb 2012 19:18:10 +0000

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 an increase in the number of oil and miscellaneous rigs was offset by a fall in the gas rig count. The Baker Hughes rig count, [...]

(BHI) U.S. Oil Drilling Rig Count Remains in Check

(FTI) FMC Technologies and Anadarko Sign Service Deal

vitalstocks — Wed, 18 Jan 2012 20:42:39 +0000

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 exploration and production company Anadarko will utilize the services for the development of the [...]

(FTI) FMC Technologies and Anadarko Sign Service Deal

(BHI) U.S. Oil Drilling Rig Count Stumbles

vitalstocks — Wed, 28 Dec 2011 03:56:25 +0000

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 offset by improved oil rig count. The Baker [...]

(BHI) U.S. Oil Drilling Rig Count Stumbles

(BHI) U.S. Oil Drilling Rig Count Heads Further Down

vitalstocks — Tue, 06 Dec 2011 00:17:45 +0000

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 improved offshore rig count. The Baker Hughes [...]

(BHI) U.S. Oil Drilling Rig Count Heads Further Down

(FTI) FMC Technologies Gets Wheatstone Deal

vitalstocks — Fri, 02 Dec 2011 16:21:43 +0000

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 production trees, 11 wellheads, 3 manifolds, sub-sea and topside controls and well [...]

(FTI) FMC Technologies Gets Wheatstone Deal

(BHI) U.S. Oil Drilling Rig Count Edges Lower

vitalstocks — Tue, 29 Nov 2011 21:21:50 +0000

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 offset by improved offshore rig count. The Baker [...]

(BHI) U.S. Oil Drilling Rig Count Edges Lower

(CAM) Cameron International Sees Profits Surge

vitalstocks — Thu, 03 Nov 2011 20:25:58 +0000

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 reflects robust profitability from its ‘Drilling & Production Systems’ and ‘Valves & Measurement’ segments. Quarterly [...]

(CAM) Cameron International Sees Profits Surge

(SLB) Schlumberger Limited to Drill for Petroleos Mexicanos (Pemex)

vitalstocks — Wed, 26 Oct 2011 13:53:23 +0000

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 comply with the legal formalities of the contract and did not furnish the required financial [...]

(SLB) Schlumberger Limited to Drill for Petroleos Mexicanos (Pemex)

(CAM) Cameron International Lands Jette Subsea Contract

vitalstocks — Mon, 17 Oct 2011 17:00:27 +0000

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 its first full subsea system supply in the Norwegian sector of [...]

(CAM) Cameron International Lands Jette Subsea Contract

(BHI) U.S. Gains Six Oil-Drilling Rigs Over the Week

vitalstocks — Tue, 27 Sep 2011 17:58:06 +0000

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 in the tally of land rigs. The Baker [...]

(BHI) U.S. Gains Six Oil-Drilling Rigs Over the Week

(BHI) U.S. Drilling Rig Count at 34-Month High

vitalstocks — Wed, 21 Sep 2011 14:14:30 +0000

(BHI) U.S. Drilling Rig Count at 34-Month High

(BHI) U.S. Loses 10 Oil Rigs over the Week

vitalstocks — Fri, 16 Sep 2011 19:46:24 +0000

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 count, issued since 1944, acts as [...]

(BHI) U.S. Loses 10 Oil Rigs over the Week

(BHI) U.S. Drilling Rig Count Up by 1 Unit

vitalstocks — Mon, 12 Sep 2011 17:26:53 +0000

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 for oil. The Baker Hughes rig count, issued [...]

(BHI) U.S. Drilling Rig Count Up by 1 Unit

(DVR) TiVo Launches New DVR

vitalstocks — Mon, 12 Sep 2011 17:19:13 +0000

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 a hard drive of two-terabyte capacity, thus possessing two [...]

(DVR) TiVo Launches New DVR

(BHI) U.S. Oil Drilling Rig Use Falls by Seven Units

vitalstocks — Thu, 08 Sep 2011 19:54:18 +0000

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 count, issued since 1944, acts as [...]

(BHI) U.S. Oil Drilling Rig Use Falls by Seven Units

(BHI) U.S. Natural Gas Drilling Rig Count Hits 900

vitalstocks — Tue, 23 Aug 2011 16:16:00 +0000

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 rig count, issued since 1944, acts as [...]

(BHI) U.S. Natural Gas Drilling Rig Count Hits 900

(BHI) U.S. Drilling Rig Count Up by a Unit

vitalstocks — Fri, 05 Aug 2011 17:47:15 +0000

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 Hughes rig count, issued since 1944, acts [...]

(BHI) U.S. Drilling Rig Count Up by a Unit

(CAM) Cameron International Beats The Street – Profit and Backlog Up

vitalstocks — Wed, 03 Aug 2011 19:52:09 +0000

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 special items) for the quarter came in at 66 cents, exceeding the 58 cents (adjusted) earned in the prior-year quarter [...]

(CAM) Cameron International Beats The Street – Profit and Backlog Up

(BHI) U.S. Oil Drilling Rig Count Goes Past 1900

vitalstocks — Wed, 20 Jul 2011 15:32:31 +0000

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 rig count, issued since 1944, acts as [...]

(BHI) U.S. Oil Drilling Rig Count Goes Past 1900

(HAL) Halliburton Fortifies Poland Link

vitalstocks — Fri, 15 Jul 2011 13:50:24 +0000

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 tubing, slickline services, well testing, completion and hydraulic fracturing. Halliburton will also render management [...]

(HAL) Halliburton Fortifies Poland Link

(NOV) National Oilwell Varco to Buy Ameron International

vitalstocks — Wed, 06 Jul 2011 21:19:32 +0000

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 approvals, is expected to close by the fourth quarter of 2011. As [...]

(NOV) National Oilwell Varco to Buy Ameron International

(BHI) U.S. Oil Drilling Pushes Rig Count Up

vitalstocks — Wed, 06 Jul 2011 19:32:41 +0000

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 count, issued since 1944, acts as [...]

(BHI) U.S. Oil Drilling Pushes Rig Count Up

(NOV) National Oilwell Varco Buying Ameron International

vitalstocks — Wed, 06 Jul 2011 15:25:38 +0000

(NOV) National Oilwell Varco Buying Ameron International

(HAL) Halliburton Earns Near-Term Bullish Opinion

vitalstocks — Tue, 05 Jul 2011 14:19:47 +0000

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 have been buying the stock for its attractive fundamentals and positive outlook. [...]

(HAL) Halliburton Earns Near-Term Bullish Opinion

(BHI) Baker Hughes Unveils Advanced System

vitalstocks — Tue, 05 Jul 2011 14:07:45 +0000

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, and deviated wells; deep wells; and wells with high dogleg severity. The latest generation cyclone-based system [...]

(BHI) Baker Hughes Unveils Advanced System

(SLB) Schlumberger Limited to Take Over Framo

vitalstocks — Thu, 30 Jun 2011 21:09:02 +0000

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 details. Norway-based, privately-owned Framo Engineering is the leading supplier of [...]

(SLB) Schlumberger Limited to Take Over Framo

(FTI) FMC Technologies and Royal Dutch Shell in Supply Deal

vitalstocks — Wed, 29 Jun 2011 16:36:01 +0000

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 Shell’s Prelude field in Broome, Western Australia. Under the terms of the deal, the [...]

(FTI) FMC Technologies and Royal Dutch Shell in Supply Deal

(BHI) U.S. Oil Drilling Rig Count Tops 1000

vitalstocks — Tue, 28 Jun 2011 21:32:57 +0000

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 count, issued since 1944, acts as [...]

(BHI) U.S. Oil Drilling Rig Count Tops 1000

(DRQ) Dril-Quip Receives $39 Million Order

vitalstocks — Fri, 24 Jun 2011 16:21:55 +0000

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 to the Kikeh Dry Tree Spar Platform, located offshore Malaysia in approximately 1,330 meters of [...]

(DRQ) Dril-Quip Receives $39 Million Order

(BHI) Since Last Year, It’s Been Nothing But “Drill, Baby, Drill”

InvestmentU — Thu, 23 Jun 2011 16:13:33 +0000

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 and to become more energy independent. No kidding… But since then – [...]

(BHI) Since Last Year, It’s Been Nothing But “Drill, Baby, Drill”

(BHI) U.S. Oil Drilling Rig Count Goes Up

vitalstocks — Tue, 21 Jun 2011 04:17:11 +0000

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 a fall in the natural gas and [...]

(BHI) U.S. Oil Drilling Rig Count Goes Up

(HAL) Basic Energy Services and Key Energy Service Key to Oilfield Profits

vitalstocks — Fri, 17 Jun 2011 14:47:40 +0000

It’s easy to think of energy companies in broad strokes. Either there are the big integrated firms, or there are hundreds of independent E&P firms, drillers, and refiners. But, of course, in between are lots of companies that specialize in providing services to all these firms. Names like Halliburton (HAL), Schlumberger (SLB), and Baker-Hughes (BHI) are [...]

(HAL) Basic Energy Services and Key Energy Service Key to Oilfield Profits

(DVR) TiVo Unveils New Products

vitalstocks — Thu, 16 Jun 2011 14:40:20 +0000

A developer of advanced television services and digital video recorders (DVR) TiVo Inc. (TIVO), unveiled two new products at the 2011 NCTA Cable Show in Chicago. The products “Premiere Q” and “Preview” will join TiVo’s existing advanced television solutions offered to cable operators. TiVo Premiere Q is the company’s first four-tuner gateway set-top box, which [...]

(DVR) TiVo Unveils New Products

(DVR) TiVo Beats on Patent Settlement

vitalstocks — Wed, 15 Jun 2011 16:44:07 +0000

A developer of advanced television services including digital video recorders (DVR), TiVo Inc. (TIVO) reported earnings per share (EPS) of $1.04 per share in the first quarter of 2012, comprehensively beating the Zacks Consensus Estimate of a loss of 31 cents and the loss of 13 cents per share in the prior-year quarter. The better-than [...]

(DVR) TiVo Beats on Patent Settlement

(BHI) U.S. Oil Drilling Rig Count Edges Higher

vitalstocks — Tue, 14 Jun 2011 18:59:35 +0000

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 oil rigs, almost offset by a fall in the natural gas [...]

(BHI) U.S. Oil Drilling Rig Count Edges Higher

(BHI) U.S. Drilling Rig Count Moves Up to 1854

vitalstocks — Tue, 07 Jun 2011 14:48:10 +0000

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), primarily reflecting an increase in the tally of land rigs. In particular, there were more rigs drilling for oil than gas for the seventh [...]

(BHI) U.S. Drilling Rig Count Moves Up to 1854

(BHI) Baker Hughes Reports Rig Increase – 1847 Domestic Rigs at Work

vitalstocks — Sat, 04 Jun 2011 21:36:49 +0000

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), primarily reflecting an increase in the tally of land rigs. In particular, there were more rigs drilling for oil than gas for the sixth [...]

(BHI) Baker Hughes Reports Rig Increase – 1847 Domestic Rigs at Work

(BHI) U.S. Oil Drilling Rig Count Holds Steady at 1830

vitalstocks — Wed, 25 May 2011 15:53:37 +0000

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 an increase in the number of oil rigs was offset by a fall in the natural gas rig count. Interestingly, there were more rigs drilling [...]

(BHI) U.S. Oil Drilling Rig Count Holds Steady at 1830

(BHI) U.S. Drilling Activity Slips

vitalstocks — Tue, 24 May 2011 05:26:03 +0000

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), primarily reflecting a decrease in the tally of land rigs. Interestingly, for the fourth week in a row there continues to be more rigs [...]

(BHI) U.S. Drilling Activity Slips

(BHI) U.S. Oilfield Drilling Activity Slips

vitalstocks — Wed, 18 May 2011 18:10:03 +0000

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), primarily reflecting a decrease in the tally of land rigs. Interestingly, for the fourth week in a row there continues to be more rigs [...]

(BHI) U.S. Oilfield Drilling Activity Slips

(DRQ) Dril-Quip Earnings Report Beats Consensus

vitalstocks — Wed, 11 May 2011 03:04:21 +0000

Dril-Quip Inc.’s (DRQ) adjusted first-quarter 2011 earnings of 58 cents per share beat the Zacks Consensus Estimate by a penny. However, quarterly earnings dropped 18% from the year-ago adjusted profit level of 71 cents a share. The year-over-year disappointment is primarily a repercussion of the the Deepwater Horizon incident as well as project delays. Higher [...]

(DRQ) Dril-Quip Earnings Report Beats Consensus

(BHI) U.S. Drilling Rig Use Rises by 18 Units

vitalstocks — Tue, 10 May 2011 21:02:00 +0000

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), primarily reflecting an increase in the tally of land rigs. Interestingly, for the third week in a row there continues to be more rigs [...]

(BHI) U.S. Drilling Rig Use Rises by 18 Units

(BHI) Baker Hughes First Quarter 2011 Shines

vitalstocks — Tue, 03 May 2011 19:35:08 +0000

Baker Hughes Inc. (BHI) reported impressive first quarter 2011 results with a jump in per share profit based on strong international operations. The company’s earnings came in at 87 cents per share, way ahead of the Zacks Consensus Estimate of 78 cents and more than twice the year-ago quarter’s profit level of 41 cents. Revenue [...]

(BHI) Baker Hughes First Quarter 2011 Shines

(CAM) Cameron International Reports Earnings Net Down

vitalstocks — Fri, 29 Apr 2011 13:58:37 +0000

Oil drilling equipment maker Cameron International Corp. (CAM) reported weak first quarter 2011 results, adversely affected by muted performance from its ‘Drilling & Production Systems’ segment. The company’s earnings per share (excluding special items) for the quarter came in at 46 cents, lagging the 51 cents (adjusted) earned in the prior-year quarter and the Zacks [...]

(CAM) Cameron International Reports Earnings Net Down

(FTI) FMC Technologies Earnings Falls Short – Business Backlog Grows

vitalstocks — Thu, 28 Apr 2011 16:34:39 +0000

Oil drilling equipment maker FMC Technologies Inc. (FTI) reported first quarter earnings per share from continuing operations (excluding a tax benefit of 3 cents) of 32 cents, lagging the Zacks Consensus Estimate of 37 cents and the year-ago profit of 40 cents. The weaker-than-expected results were mainly due to weak results from its ‘Energy Production [...]

(FTI) FMC Technologies Earnings Falls Short – Business Backlog Grows

(FTI) FMC Technologies Wins HMDC Contract

vitalstocks — Wed, 27 Apr 2011 17:42:33 +0000

Oil drilling equipment maker FMC Technologies Inc. (FTI) entered into a manufacture and supply contract with Hibernia Management and Development Company Ltd. (“HMDC”). The financial terms of the deal were not disclosed. Per the terms of the contract, FMC Technologies has the provision to supply up to six subsea injection trees and wellheads, one manifold [...]

(FTI) FMC Technologies Wins HMDC Contract

(BHI) U.S. Drilling Rig Count Touches 1,800

vitalstocks — Wed, 27 Apr 2011 15:55:15 +0000

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), primarily reflecting an increase in the tally of land rigs. In particular, there were more rigs drilling for oil than gas – the first [...]

(BHI) U.S. Drilling Rig Count Touches 1,800

(BHI) U.S. Drilling Rig Count Snaps Winning Streak

vitalstocks — Wed, 20 Apr 2011 13:31:33 +0000

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), primarily reflecting a decrease in the tally of land rigs. The Baker Hughes rig count, issued since 1944, acts as an important yardstick for [...]

(BHI) U.S. Drilling Rig Count Snaps Winning Streak

(BHI) U.S. Drilling Rig Count: Up Another 6 Units

vitalstocks — Tue, 12 Apr 2011 17:55:33 +0000

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), primarily reflecting an increase in the tally of land rigs. The Baker Hughes rig count, issued since 1944, acts as an important yardstick for [...]

(BHI) U.S. Drilling Rig Count: Up Another 6 Units

(SLB) Schlumberger Limited Analyst Maintains Neutral Rating on Shares

vitalstocks — Mon, 11 Apr 2011 03:06:20 +0000

We are maintaining our Neutral recommendation on Schlumberger Limited (SLB). We prefer to remain on the sidelines mainly due to the anticipated short-term profit disruption from the political turbulence in the Middle East and Africa and weather-related hindrances in Australia. In the fourth quarter of 2010, the company substantially surpassed our estimates, mainly attributable to [...]

(SLB) Schlumberger Limited Analyst Maintains Neutral Rating on Shares