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News Breaks | | | | January 15, 2013 | | 07:22 EDT |  | DRC, RDC, LUFK, FTI, FET, WFT | Oilfield Services & Equipment mergers likely to rebound, says Citigroup
Citigroup expects to see a pick-up in the number of Oilfield Services & Equipment mergers and acquisition deals in 2013. The firm sees the most likely takeover candidates as equipment manufacturing and deepwater focused stocks, namely Dresser-Rand (DRC), Rowan Companies (RDC), Lufkin (LUFK), FMC Technologies (FTI), and Forum Energy (FET). Citi also added Weatherford (WFT) as a prime takeover target for 2013 given the recent underperformance of shares. | |
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News For DRC;RDC;LUFK;FTI;FET;WFT From The Last 14 Days Check below for free stories on DRC;RDC;LUFK;FTI;FET;WFT the last two weeks. |
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| May 23, 2013 | | 08:03 EDT |  | FTI | FMC Technologies awarded subsea equipment contract for Shell's Stones field
Stones is an ultra deepwater project located in the Walker Ridge area of the Gulf of Mexico, approximately 200 miles off the Louisiana coast in approximately 9,600 feet of water. FMC Technologies' scope of supply includes eight subsea trees, a subsea manifold, topside and subsea controls and associated equipment. | | | 07:28 EDT |  | FTI | UBS to host a conference
Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 23 at 9:05 am; not all company presentations may be webcasted. Webcast Link | | | May 22, 2013 | | 10:08 EDT | | RDC | Rowan Companies management to meet with FBN Securities
 Subscribe for More Information | | | 07:30 EDT | | WFT | UBS to host a conference
Subscribe for More Information | | | May 19, 2013 | | 13:00 EDT |  | FTI | Energy Departmant authorizes second proposed facility to export LNG
The Energy Department announced on Friday that it has conditionally authorized Freeport LNG Expansion, and FLNG Liquefaction, Freeport, to export domestically produced liquefied natural gas, LNG, to countries that do not have a Free Trade Agreement, FTA, with the United States from the Freeport LNG Terminal on Quintana Island, Texas. Freeport previously received approval to export LNG from this facility to FTA countries on February 10, 2011. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to 1.4 billion cubic feet of natural gas a day, Bcf/d, for a period of 20 years. The Department granted the first authorization to export LNG to non-FTA countries in May 2011 for the Sabine Pass LNG Terminal in Cameron Parish, Louisiana at a rate of up to 2.2 Bcf/d. Reference Link | | | May 17, 2013 | | 16:25 EDT | | LUFK | Gabelli raises stake in Lufkin to 8.87% from 7.82%
Subscribe for More Information | | | May 16, 2013 | | 08:01 EDT | | FTI | FMC Technologies receives subsea equpiment order from ExxonMobil
Subscribe for More Information | | | May 15, 2013 | | 08:02 EDT | | FTI | FMC Technologies awarded $26M subsea equipment order from ConocoPhillips
Subscribe for More Information | | | May 14, 2013 | | 07:16 EDT | | FTI | Citigroup to host a conference
2013 Global Energy & Utilities Conference is being held in Boston on May 14-16. | |
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