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News Breaks
January 29, 2014
10:06 EDTPACD, NBRNabors Industries to appoint William Restrepo as CFO
Nabors Industries (NBR) announced plans to appoint William Restrepo as CFO following his upcoming departure from Pacific Drilling S.A. (PACD). Restrepo's employment is expected to begin on February 28.
News For NBR;PACD From The Last 14 Days
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July 27, 2015
06:20 EDTNBRU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
July 23, 2015
06:58 EDTPACDPacific Drilling raises FY15 average revenue efficiency to 94%-96% from 92%-96%
Cuts FY15 contract drilling expenses to $425M-$450M from $500M-$525M. Cuts FY15 G&A expenses to $55M-$58M from $63M-$66M. Cuts FY15 income tax expense as percent of drilling contract drilling revenue to 3%-3.5% from 3.5%-4%. Sees FY15 EBITDA $575M-$615M. Comments taken from slides for July Company Update.

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