Oil Equipment

Oilfield services firm Baker Hughes beat analysts' quotes for firstquarter revenue on greater international drilling demand and increased its dividend. Brent crude increased almost 10% in the quarter on an average, prompting oil firms to drill more, developing demand for oilfield services and devices provided by Baker Hughes and rivals. International rig count, a sign of future production, was up 5.4% at 965 on an average at the end of the first quarter, from a year previously, according to Baker Hughes data. Overall earnings from its global section was up at $2.79. billion in the quarter, compared with $2.59 billion...

Top oilfield services firm SLB reported a 14% increase in firstquarter earnings on Friday, in line with analysts' quotes, as higher oil and gas drilling demand in the Middle East and Africa assisted offset weak point in The United States and Canada. The company, which declared its previous assistance of mid-teens percentage earnings growth for the full year, projection a. seasonal rebound in activity in the Northern Hemisphere in the. second quarter, in addition to robust activity worldwide. Operators might increase financial investments in production and. reservoir healing to boost effectiveness and life of their. producing assets as oil need...

Schlumberger Nv: * SLB ANNOUNCES FIRST-QUARTER 2024 RESULTS, TARGETING TO RETURN $7. BILLION TO SHAREHOLDERS OVER 2024-- 2025 * SLB: BOARD AUTHORIZED QUARTERLY CASH DIVIDEND OF $0.275 PER. SHARE * SLB - BOARD APPROVED QUARTERLY CASH DIVIDEND OF $0.275 PER. SHARE * SLB - QTRLY GAAP EPS OF $0.74 * SLB - CAPITAL INVESTMENT FOR THE FULL-YEAR 2024 IS. ANTICIPATED TO. BE APPROXIMATELY $2.6 BILLION, * SLB - QTRLY INCOME OF $8.71 BILLION INCREASED 13% YEAR ON. YEAR * SLB - SEQUENTIALLY, QTRLY INCOME DECLINED 3% BOTH IN. NORTH. AMERICA AND IN INTERNATIONAL MARKETS CHARGE TO SEASONALITY * SLB -...

U.S. energy companies today added the most significant variety of oil and natural gas rigs in a week considering that September, with the oil rig count likewise rising to its greatest in six months, energy services firm Baker Hughes stated in its carefully followed report on Friday. The oil and gas rig count, an early indicator of future output, increased by seven to 629 in the week to March 15. > <In spite of today's rig increase, Baker Hughes stated the overall count was still down 125 rigs or 16.6% below this time in 2015. Baker Hughes said oil rigs...

U.S. energy companies this week added oil and natural gas rigs for a 2nd straight week to their greatest considering that September, energy services firm Baker Hughes said in its carefully followed report on Friday. The oil and gas rig count, an early indicator of future output, increased by 3 to 629 in the week to March 1, its greatest given that the week ending Sept. 22. .> <In spite of today's rig boost, Baker Hughes said the. overall count was still down 120 rigs, or 16%, listed below this time. last year. Baker Hughes said oil well rose three...

U.S. energy firms today included the most oil rigs given that November, and the most in a month since October 2022, energy services firm Baker Hughes stated in its carefully followed report on Friday. The combined oil and gas rig count, an early sign of future output, rose by 5 to 626 in the week to Feb. 23, its highest given that August 2023. .> <Despite this week's rig increase, Baker Hughes said the. overall count was still down 127, or 17 %below this time last. year. Baker Hughes said U.S. oil well increased six to 503 today,. while gas...

An encouraging economic outlook and dovish signals from the Federal Reserve are motivating financiers to look beyond the massive growth and innovation stocks that have sustained the U.S. stock market's gains over the previous year. Though rallies in stocks such as Nvidia and Meta Platforms have actually been the market's main individual chauffeurs in 2024, the financials, industrials and energy sectors are likewise exceeding the S&P 500's. 9.7% year-to-date gain. That has actually relieved worries that the marketplace. was becoming increasingly connected to the fortunes of a small group. of stocks. A belief that the economy will remain durable while....

An encouraging financial outlook and dovish signals from the Federal Reserve are motivating investors to look beyond the huge development and innovation stocks that have actually sustained the U.S. stock exchange's gains over the previous year. Though rallies in stocks such as Nvidia and Meta Platforms have been the marketplace's primary person chauffeurs in 2024, the financials, industrials and energy sectors are also outperforming the S&P 500's. 9.7% year-to-date gain. That has actually alleviated concerns that the market. was ending up being significantly connected to the fortunes of a little group. of stocks. A belief that the economy will remain...

Aker Carbon Capture Asa: * AKER CARBON CAPTURE ANNOUNCES ARRANGEMENT TO FORM JOINT VENTURE WITH SLB *: SLB WILL PAY NOK 4.12 BILLION IN CASH TO ACC FOR PURCHASE OF 80% OF SHARES IN AKER CARBON RECORD HOLDING AS * IN ADDITION, ACC WILL BE ENTITLED TO A PERFORMANCE-BASED PAYMENT OF AS MUCH AS NOK 1.36 BILLION. * FOLLOWING TRANSACTION, SLB WILL OWN 80% OF COMBINED ORGANIZATIONS AND ACC WILL OWN 20% * AMOUNT OF PURCHASE PRICE FOR ACCH AND MAINTAINED MONEY CORRESPONDS TO A WORTH PER ACC SHARE OF NOK 9.19 *: ACC WILL BE ENTITLED TO A PERFORMANCE-BASED...

Activist shareholder Sparta Capital Management is pushing British engineering services firm Wood Group to think about either selling itself or to reevaluate its UK listing, according to a letter from the fund supervisor on Tuesday. Shares in the FTSE 250 business were last up 0.1% at 0915 GMT at about 142 cent. A representative for the hedge fund decreased to discuss the letter and also decreased to confirm just how much stock Sparta Capital held in Wood Group. Wood Group also decreased to comment. Wood Group's share price performance has actually not matched that of U.S.-listed engineering peers Jacobs Solutions...

Oil rates are anticipated to increase on Monday after Iran's attack on Israel over the weekend, experts stated on Sunday, however more gains might depend upon how Israel and the West pick to strike back. Iran released explosive drones and rockets at Israel late on Saturday in retaliation for a suspected Israeli attack on its consulate in Syria on April 1, a first direct attack on Israeli area that has stired fears of a larger regional dispute. Concern of a reaction from Iran to the strike on its embassy compound in Damascus supported oil last week and assisted send out...

Oil rose around 1% on Friday on geopolitical tensions in the Middle East however posted a. weekly loss on a bearish world oil need growth forecast from. the International Energy Company (IEA) and worries about slower. U.S. interest rate cuts. Brent crude futures settled up 71 cents at $90.45 a. barrel, while U.S. West Texas Intermediate crude futures. rose 64 cents to $85.66. For the week, Brent decreased 0.8%, while WTI fell more than. 1%. During the week, oil rates neared a six-month high up on. issue that Iran, the third-largest OPEC manufacturer, might. retaliate for a believed Israeli warplane...

Chinese companies won 4 quotes to check out Iraqi oil and gas fields, Iraq's oil minister said on Sunday as the Middle Eastern nation's hydrocarbon expedition licensing round continued into its 2nd day. The oil and gas licences for 29 projects are generally targeted at increase output for domestic usage, with more than 20 companies pre-qualifying, consisting of European, Chinese, Arab and Iraqi groups. Chinese business have been the only foreign players to win quotes, taking 9 oil and gas fields because Saturday, while Iraqi Kurdish business KAR Group took 2. There were notably no U.S. oil majors involved, even...