All Posts Tagged With: "SII"

(SII) Schlumberger International Analyst Maintains Neutral Rating

Following the completion of the Smith International Inc. (SII) merger, we maintain our Neutral recommendation for Schlumberger Limited (

13Sep2010 | | 0 comments | Continued

(SLB) Schlumberger Limited Completes Smith International Merger

Schlumberger Limited (SLB) completed its proposed merger with Smith International Inc. (SII) last Friday. The closure of the deal follows...

30Aug2010 | | 0 comments | Continued

(SII) Smith International Wins Contract With Chevron Subsidiary

Smith International Inc. (SII) has been awarded a significant multi-service contract by Cabinda Gulf Oil Company Limited, a subsidiary of Chevron Corporation (

18Apr2010 | | 0 comments | Continued

(SLB) Schlumberger-Smith International Merger Faces Longer Review

Schlumberger Ltd. (SLB) on Monday said that the Antitrust Division of the United States Department of Justice has requested for additional information related to the proposed merger with Smith International...

7Apr2010 | | 0 comments | Continued

(SII) Schlumberger Limited Buys Geoservices From Astorg

Following the announcement of acquisition of Smith International Inc (SII), Schlumberger Limited (SLB) is now acquiring privately held Geoservices...

25Mar2010 | | 0 comments | Continued

(SLB) Schlumberger Acquires Smith International

The oilfield services giant Schlumberger Ltd. (SLB) has acquired lesser rival Smith International Inc. (SII) for approximately $11 billion...

23Feb2010 | | 0 comments | Continued

(SII) Smith International to Buy @ Balance from Shell Technology Ventures

Smith International Inc. (SII) is planning to acquire @ Balance from Shell Technology Ventures Fund 1 B.V.

Based in The Netherlands, @ Balance is a leading supplier of Automated Pressure DrillingTM...

15Feb2010 | | 0 comments | Continued

(SII) Smith International Plans Acquisitions

Smith International Inc. (SII), a major oilfield services company, expects to spend approximately $350 million on acquisitions in this quarter, following the company’s last year’s $700 million-plus stock...

8Feb2010 | | 0 comments | Continued

(SII) Smith International Misses Estimates by a Penny

Smith International Inc. (SII) reported fourth quarter 2009 earnings of 9 cents per share, versus the Zacks Consensus Estimate of 10 cents and the year-earlier performance of $1.00.

For the full year...

27Jan2010 | | 0 comments | Continued

(BHI) U.S. Drilling Rig Count Climbs Again

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), reflecting intensified...

25Jan2010 | | 0 comments | Continued

(DD) A Very Busy Week Ahead – Earnings Preview

Earnings Preview 1/22/10

Next week is the heart of the 4Q09 earnings season. There will be a total of 503 firms reporting including 136 members of the S&P 500, and fully one third of the Dow 30. These...

23Jan2010 | | 0 comments | Continued

($BHI) Gas Rig Count Hits 10-Month High

According to data from Houston-based oilfield services company Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Jan. 15, 2010, reflecting intensified...

18Jan2010 | | 0 comments | Continued

(BHI) Weekly U.S. Drilling Rig Count Grows by 31

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), reflecting ramped-up...

11Jan2010 | | 0 comments | Continued

(SII) Smith International Gets Petrobras Contract

Smith International (SII) through one of its subsidiaries – PathFinder Energy Services – won a contract from Brazil’s oil giant Petrobras (

6Jan2010 | | 0 comments | Continued

(BHI) U.S. Drilling Rig Rig Count Jumps by 32

According to data from Houston-based oilfield services company Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Dec. 18, reflecting intensified drilling...

21Dec2009 | | 0 comments | Continued

(BHI) U.S. Oil Rig Count Grows by 20

In its weekly release on Friday, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped-up drilling...

14Dec2009 | | 0 comments | Continued

($BHI) U.S. Oil and Natural Gas Rig Growth Continues

According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Dec. 4, reflecting ramped-up drilling activity by the producers amid recent...

7Dec2009 | | 0 comments | Continued

(BHI) U.S. Drilling Rigs Increase for 6th Week

In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers in response to higher...

30Nov2009 | | 0 comments | Continued

(BHI) U.S. Oil and Gas Rig Count Hits 8-Month High

According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Nov. 20, reflecting ramped-up drilling activity by the producers amid recent...

23Nov2009 | | 0 comments | Continued

(CEO) Oil & Gas Industry – Industry Outlook

OUTLOOK

The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity settling around the $80 per barrel level. But high levels of product...

7Nov2009 | | 0 comments | Continued

(SII) Smith International Badly Misses Estimates

Smith International Inc. (SII) reported its third quarter 2009 results of 7 cents per share versus the Zacks Consensus Estimate of 15 cents and year-earlier earnings of $1.01. The significant fall was due...

1Nov2009 | | 0 comments | Continued

($BHI) Marginal Slip in Active U.S. Oil and Gas Drilling Rig Count

In its weekly release on Friday, Baker Hughes Inc. (BHI) reported a slight dip in the number of rigs searching for oil and gas in the U.S., as producers restricted their drilling activities in response to the current supply overhang in the natural gas market....

19Oct2009 | | 0 comments | Continued

(BHI) U.S. Rig Count Continues to Climb

According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Oct. 9, reflecting ramped up drilling activity by the producers amid recent optimism about commodity price recovery. As shown in...

12Oct2009 | | 0 comments | Continued

(BHI) Another Gain in U.S. Drilling Rig Count

In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., as producers ramped up drilling activity in anticipation of better prices. The number of units exploring and producing...

6Oct2009 | | 0 comments | Continued

(BHI) U.S. Oil Drilling Rig Count Reverses Gain

According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. fell for the week ended Sept. 11, reflecting scaled back drilling activity by the producers. As shown in the first chart below from Baker Hughes, rigs...

14Sep2009 | | 0 comments | Continued

(BHI) Baker Hughes Reports U.S. Rig Count Climbing

In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers. Rigs exploring and producing in the U.S. climbed to 1,009 for the week...

8Sep2009 | | 0 comments | Continued