17 hrs ago
UPDATE 1-Baker Hughes, Aker Solutions form subsea alliance
Oil services firms Baker Hughes and Aker Solutions agreed on Tuesday to form an alliance for their subsea divisions in an attempt to reduce costs as their customers - oil companies around the world - cut back on spending.
Trending on the Topix Network
Mon Apr 21, 2014
Pacific Drilling: An Attractive, Contrarian Drilling Play
North American land drilling activity continues to pick up. Both Baker Hughes and Schlumberger posted strong North American results within their earnings reports.
Health-Care and Energy Stocks Lead a Subdued Post-Holiday Trading Day
European markets and select Asian markets were closed today for holidays. This led to a much more subdued trading day than usual.
UPDATE 3-Halliburton expects margins to rebound in N.America
Halliburton Co, the world's No.2 oilfield services provider, expects margins to improve in North America after being depressed for two years as companies step up spending to drill and complete wells.
The Motley Fool
Who Had the Better Quarter: Schlumberger Limited or Baker Hughes Incorporated?
Despite a rough winter, the North American energy sector warmed up just enough to fuel earnings beats at both Schlumberger ( Drilling down into Schlumberger's first quarter Schlumberger reported quarterly earnings of $1.21 per share, which beat estimates by a penny.
The Motley Fool
Baker Hughes Inc Surges After Earnings Beat
For the first quarter of 2014, Baker Hughes reported adjusted income of $0.84 per share, which was up 29% year over year.
Halliburton expects second-quarter earnings to grow by 25%
Halliburton Co. expects to boost earnings per share in the second quarter by 25% as the world's largest hydraulic fracturing service provider overcomes bad weather and lower pricing in North America.
Fri Apr 18, 2014
Metal Center News
9-2010 Energy Pipe and Tube Market
As could be expected, the BP oil spill in the Gulf of Mexico has affected the oil country tubular goods market.
Thu Apr 17, 2014
Stocks Hitting 52-Week Highs
Avis Budget Group shares gained 3.46% to touch a new 52-week high of $53.77. Avis Budget Group is expected to announce its Q1 results on May 7. Knoll shares reached a new 52-week high of $19.16 after the company reported upbeat Q1 results.
Schlumberger Hurt By Reduced Drilling
Schlumberger Ltd, the world's largest oilfield services company, reported a profit that beat analysts' estimates for the tenth straight quarter, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.
Stock Market Today: April 17, 2014
Stocks to Watch from The Survey - Earnings season has shifted into high gear, as a slew of high-profile companies have reported March-period results.
UPDATE 1-Baker Hughes results beat estimates as N.American revenue jumps
Baker Hughes Inc, the world's third-largest oilfield services company, posted better-than-expected results as revenue in its core North American business rose nearly 7 percent, sending its shares up about 4 percent in premarket trading.
Baker Hughes Announces First Quarter Results
Please see Table 1 for a reconciliation of GAAP to non-GAAP financial measures for this quarter, as well as for the fourth quarter of 2013 and first quarter of 2013.
Tue Apr 15, 2014
SADIF Analytics releases new summary due diligence report for Baker Hughes Incorporated
Ilhavo, Portugal - SADIF Investment Analytics, announces a new summary due diligence report covering Baker Hughes Incorporated .
Fri Apr 11, 2014
Schlumberger among big winners in shale energy trend, Credit Suisse says
The move toward integrated oilfield services offerings is a hot topic in the energy industry, and the large OFS companies - Schlumberger , Halliburton , Baker Hughes - are positioning themselves as one-stop shops for energy E&P customers, Credit Suisse says, believing it has spotted the biggest beneficiaries of the trend.
US Rig Count up 13 to 1,831
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by 13 this week to 1,831.
Oil Patch Bits: CGG and Baker Hughes sign RoqSCAN agreement
CGG announced that it has signed an exclusive agreement with Baker Hughes Inc. for RoqSCAN technology offered by CGG.
Tue Apr 08, 2014
Baker Hughes Acquires Perfomix, Financial Details Not Disclosed
Baker Hughes Incorporated announced today the acquisition of Perfomix, Inc., a Texas-based oilfield software technology company focused on solutions to enhance oil and gas operations' performance.
Mon Apr 07, 2014
Baker Hughes Announces March 2014 Rig Counts
About the Baker Hughes Rig Counts The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in and international markets.
Sat Apr 05, 2014
RPC's Winter Of Discontent Has Passed
A meaningful rally in energy services has pushed up valuations, but RPC seems more reasonably priced on a relative basis.