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Stock Market & Financial Investment News

News Breaks
March 11, 2013
06:17 EDTCEO, SHI, HAL, PTR, SLBChina lacks experience with huge shale gas reserves, Reuters reports
China's plans to unlock what may be the world's biggest shale gas reserves risk running further behind after 16 firms were awarded exploration rights in the latest auction lacked one important skill - not one has drilled a gas well before, reports Reuters. The lack of experience exploiting shale among new firms scrambling to enter the sector will make it an even bigger challenge to get at the gas, and if they fail to deliver China will struggle to reduce its dependence on expensive imports of oil, liquefied natural gas and coal.Reference Link
News For SLB;HAL;CEO;PTR;SHI From The Last 14 Days
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December 17, 2014
12:51 EDTSLB, HALNY state to ban fracking next year, CNBC reports
Publicly traded companies in the oil services 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).
10:02 EDTHALOn The Fly: Analyst Downgrade Summary
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08:53 EDTHALHalliburton downgraded to Sector Perform from Outperform at Howard Weil
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December 15, 2014
10:54 EDTHALStocks with call strike movement; TWTR HAL
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05:44 EDTCEOCNOOC reports Liuhua 34-2 gas field commences production
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December 12, 2014
11:15 EDTHALStocks with call strike movement; AAL HAL
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December 10, 2014
10:00 EDTPTROn The Fly: Analyst Downgrade Summary
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08:01 EDTHALCapital One to hold a conference
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05:44 EDTPTRPetroChina downgraded to Hold from Buy at Jefferies
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05:21 EDTCEOCNOOC signs PSCs with KUFPEC
CNOOC announced that its parent company, China National Offshore Oil Corporation, has signed three production sharing contracts, or PSCs, with KUFPEC for Blocks 52/22ĀA52/26 and 63/13 in the South China Sea. The three blocks mentioned above are located in the Yinggehai Basin of the South China Sea. Block 52/22 covers a total area of 1,896 square kilometers, and has a water depth of 60-300 meters; Block 52/26 covers a total area of 1,783 square kilometers, and has a water depth of 80-160 meters; Block 63/13 covers a total area of 698 square kilometers, and has a water depth of 80-140 meters. According to the terms of the PSCs, CNOOC shall act as the operator of the three blocks mentioned above. Expenditures incurred during the exploration period will be borne by CNOOC and KUFPEC in a proportion of 20% and 80% of participating interest, respectively. Both parties will conduct 3D seismic data surveys and will drill exploration wells. Once entering the development phase, CNOOC has the right to participate in up to 70% of the working interest in any commercial discoveries in the blocks. After signing the abovementioned PSCs, CNOOC will assign all of its rights and obligations under such contracts, except for those relating to CNOOC's administrative functions, to CNOOC China Limited, a subsidiary of CNOOC Limited.
December 9, 2014
10:23 EDTHAL, SLBOn The Fly: Analyst Downgrade Summary
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07:53 EDTHALHalliburton downgraded to Neutral from Outperform at Macquarie
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05:50 EDTSLBSchlumberger downgraded to Hold from Buy at Jefferies
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December 8, 2014
05:55 EDTCEOCNOOC announces first production from K1A
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December 5, 2014
10:00 EDTPTROn The Fly: Analyst Downgrade Summary
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08:24 EDTPTRPetroChina downgraded at Nomura
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07:43 EDTSLB, HALLondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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December 4, 2014
17:42 EDTHALHalliburton announces integration leadership for Baker Hughes acquisition
Halliburton (HAL) announced its Board of Directors has appointed Executive Vice President and CFO Mark McCollum to the new role of Executive Vice President and Chief Integration Officer. In this capacity, he will serve as head of the Joint Integration Team that Halliburton and Baker Hughes (BHI) are assembling in connection with Halliburtonís pending acquisition of Baker Hughes. McCollum will continue reporting to Dave Lesar, Chairman and CEO of Halliburton, and will remain a member of the companyís Executive Committee. Christian Garcia, Senior Vice President and Chief Accounting Officer, will become Senior Vice President of Finance and assume McCollumís CFO responsibilities on an interim basis. It is anticipated that McCollum will resume his CFO duties at the conclusion of the two companiesí integration. Garcia will report to Lesar and will join Halliburtonís Executive Committee. Charlie Geer, currently Vice President of Finance, will become Vice President and Corporate Controller and will take over Garciaís accounting responsibilities on an interim basis as well. He will continue reporting to Garcia. The new roles are effective January 1, 2015. Belgacem Chariag, President of Global Products and Services for Baker Hughes, will serve as lead for Baker Hughes on the Joint Integration Team. On Nov. 17, Halliburton and Baker Hughes jointly announced a definitive agreement under which Halliburton will, subject to the conditions set forth in the agreement, acquire Baker Hughes in a stock and cash transaction

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