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February 25, 2013
09:58 EDTSLB, NBR, PTEN, HAL, NOV, FTISusquehanna to host a field trip
Energy Field Trip travels throughout Houston, Texas on February 25.
News For FTI;HAL;NBR;NOV;PTEN;SLB From The Last 14 Days
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October 8, 2015
08:42 EDTNBRNabors downgraded to Sector Perform from Outperform at Scotia Howard Weil
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October 7, 2015
11:28 EDTNOVNational Oilwell receives favorable verdict from jury in employment lawsuit
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08:57 EDTPTENPatterson-UTI remains favorite name in drilling, says Cowen
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October 5, 2015
09:39 EDTFTIFMC Technologies upgraded to Buy from Accumulate at Seaport Global
Seaport Global upgraded FMC Technologies to Buy from Accumulate with a $38 price target. Analyst Mark Brown upgraded shares citing recent stock price declines, order progress, and views the company has an acquisition candidate.
08:02 EDTHALMiX Telematics enters multi-year agreement with Halliburton
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07:37 EDTHALMiX Telematics enters into multi-year agreement with Halliburton
MiX Telematics (MIXT) announced that it has entered into a multi-year agreement with Halliburton (HAL), to provide fleet management, safety and compliance solutions for Halliburton's North American fleet of more than 15,000 vehicles.
06:10 EDTPTENPatterson-UTI reports September average of 99 drilling rigs operating in U.S.
Patterson-UTI reported that for the month of September, the company had an average of 99 drilling rigs operating in the United States and four rigs in Canada. For the three months ended September 30, the company had an average of 105 drilling rigs operating in the United States and four rigs in Canada.
September 30, 2015
18:28 EDTNBR, HALCourt says Interior Department lacks authority for fracking rule, WSJ reports
A federal court judge ruled that the Interior Department lacked the authority to institute a stricter rule on fracking, reports the Wall Street Journal, citing Judge Scott Skavdahl's preliminary injunction. Publicly traded companies in the space include Baker Hughes (BHI), IHS Inc. (IHS), Halliburton (HAL), Nabors Industries (NBR), and Weatherford (WFT). Reference Link
15:02 EDTSLBSchlumberger won't buy stake in Russia's Eurasia Drilling, WSJ says
Schlumberger's $1.7B deal for a stake Russia's onshore drilling firm Eurasia Drilling has been called off after Russian authorities failed to approve the deal by Schlumberger's deadline, says the Wall Street Journal. Reference Link
11:39 EDTHALStocks with call strike movement; BIIB HAL
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07:59 EDTSLBSchlumberger estimates lowered by about 20% for 2016, 2017 at UBS
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September 29, 2015
09:29 EDTNBRDeutsche Bank to hold a conference
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September 28, 2015
11:31 EDTNBRDeutsche Bank sees bottom nearing for offshore drillers, upgrades two in space
Detusche Bank upgraded Diamond Offshore (DO) and Transocean (RIG) to Hold from Sell, saying that the companies should be boosted by upcoming reductions in the number of drilling rigs deployed by energy companies. WHAT'S NEW: As many as 180 drilling vessels may cease activity over the next 12-18 months, wrote Deutsche Bank analyst Mike Urban today. The energy sector seems to have become "more realistic" about the need to reduce supply and the offshore drilling industry is "on the cusp of a major restructuring" that should mark the bottom for valuations and pricing, he explained. Addressing the long-term outlook of deepwater drilling, Urban contended that the consensus outlook, which predicts that deepwater drilling will disappear, is incorrect. In ten years, there will be demand for 320 floating rigs, versus the 225 that are active today, Urban predicted. Over the long-term ,energy companies will have to "go where the oil is," and the oil is located in deep water, the analyst explained. He raised his price target on Diamond to $21 from $17 and on Transocean to $10 from $6. WHAT'S NOTABLE: A former executive at Petrobras (PBR) testified to receiving payments made by someone claiming to be an agent of Transocean in exchange for a rig-operation contract, linking the offshore rig contractor for the first time to the corruption probe of Brazil's state-run oil company, reported Bloomberg on September 24. The news outlet cited testimony from last month as its source for the story. Subsequently, Transocean said that it had not identified any wrongdoing by its employees vis-a-vis Petrobras and is "committed to doing business lawfully and with the highest ethical standards." PRICE ACTION: In morning trading, Diamond fell 4% to $17.62 and Transocean lost 1.75% to $12.36. OTHERS TO WATCH: Other oil and gas well drillers include Helmerich & Payne (HP), Ensco (ESV), Nabors Industries (NBR) and Seadrill (SDRL), all of which are in negative territory this morning.
10:37 EDTNOV, HALAnalysts sees upside for Halliburton as Baker Hughes deal moves forward
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06:48 EDTHALHalliburton and Baker Hughes announce additional divestiture proposals
Halliburton (HAL) and Baker Hughes (BHI) announced that the companies will market for sale additional businesses in connection with Halliburton's pending acquisition of Baker Hughes. Pursuant to the Merger Agreement, and in order to permit completion of Halliburton's acquisition of Baker Hughes, the following additional businesses are intended to be divested: Halliburton's expandable liner hangers business, which is part of the company's Completion & Production Division; Baker Hughes' core completions business, which includes: packers, flow control tools, subsurface safety systems, intelligent well systems, permanent monitoring, sand control tools and sand control screens; the Baker Hughes sand control business in the Gulf of Mexico, including two pressure pumping vessels; and Baker Hughes' offshore cementing businesses in Australia, Brazil, the Gulf of Mexico, Norway, and the United Kingdom. The combined 2013 revenue associated with all of the businesses intended to be divested was approximately $5.2B. The sale of these businesses will be subject to the negotiation of acceptable terms and conditions for the divestitures, the approval of the divesting company's board, and final approval of the Baker Hughes acquisition by competition enforcement authorities. Halliburton anticipates that the companies will complete the sales of these businesses in the same timeframe as, and the closing of the divestitures would be conditioned on, the closing of the pending Baker Hughes acquisition.

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