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News Breaks | | | | March 18, 2013 | | 13:32 EDT |  | SLB, RIG, RDC, BHI, PDE, NBR, WFT, HAL, DO | Oil services stocks fall after Schlumberger calls North America weak
A number of oil services stocks are falling after the leader in the sector, Schlumberger (SLB), stated on slides for the Howard Weil Conference that activity in North America has been below expectations in the first quarter. The company's customers have activated fewer rigs on the continent than they had previously indicated, Schlumberger explained. Schlumberger also stated that it was temporarily reducing its activity in Venezuela due to "collection issues." The company forecast that its earnings per share would grow by double digit percentage levels this year, in-line with its previous outlook, as long as North American land activity and prices meet its previous forecast and issues resolve in Venezuela. Meanwhile, the company forecast that demand for oil would increase just 1% in 2013 compared to 2012. The increase will be driven by developing markets, with China generating 50% of the growth, Schlumberger stated. In mid-afternoon trading, Schlumberger fell 3% to $77, Baker Hughes (BHI) gave back 2% to $47, Weatherford (WFT) lost 1.5% to $12, and Halliburton (HAL) lost 1.6% to $41.23. | |
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News For SLB;RIG;RDC;BHI;PDE;NBR;WFT;HAL;DO From The Last 14 Days Check below for free stories on SLB;RIG;RDC;BHI;PDE;NBR;WFT;HAL;DO the last two weeks. |
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| May 20, 2013 | | 19:32 EDT |  | SLB | Schlumberger CEO sells more than $4.67M of shares, Barron's says
Schlumberger CEO Paal Kibsgaard exercised options and sold more than 60,000 shares on May 16 for proceeds of more than $4.67M, leaving Kibsgaard with direct holdings of 40,000 shares, reports Barron's Inside Scoop. Reference Link | | | 07:41 EDT |  | NBR, BHI, DO, SLB, HAL | Mitsubishi UFJ Securities to host an energy tour
May Energy Tour travels throughout the Houston and San Antonio area on May 20-23. | | | May 17, 2013 | | 13:53 EDT | | RIG | Transocean holders approve dividend, reject Icahn proposal
 Subscribe for More Information | | | 13:50 EDT | | RIG | Icahn nominee wins seat on Transocean board
Subscribe for More Information | | | 12:28 EDT | | RIG | Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports
Transocean's (RIG) shareholders rejected the $4 per share dividend proposal in favor of management's $2.24 per share annual dividend, Bloomberg reports, citing a person familiar with the vote count.Reference Link | | | 11:48 EDT | | RIG | Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports
Subscribe for More Information | | | May 16, 2013 | | 12:47 EDT |  | RIG | Transocean EPS estimates lowered at Wells Fargo
Subscribe for More Information | | | May 15, 2013 | | 17:18 EDT | | HAL | BP Capital gives quarterly update on stakes
Subscribe for More Information | | | 16:48 EDT | | RIG | Icahn gives quarterly update on stakes
Subscribe for More Information | | | 07:33 EDT | | BHI | National Association of Business Economics to hos a conference
Subscribe for More Information | | | | May 14, 2013 | | 10:45 EDT | | NBR | Goldman's oil/energy analyst holds an analyst/industry conference call
Subscribe for More Information | | | May 13, 2013 | | 08:12 EDT | | HAL | Dejour Energy readies for initial Kokopelli production
Subscribe for More Information | | | 05:20 EDT | | RIG | Transocean Chairman J. Michael Talbert announces retirement plans
Subscribe for More Information | | | May 10, 2013 | | 13:04 EDT | | BHI | Baker Hughes U.S. rig count up 5 to 1,769
U.S. rig count is up 5 rigs from last week at 1,769, with oil rigs up 9 at 1,412, gas rigs down 4 at 350, and miscellaneous rigs unchanged at 7. U.S. rig count is down 205 rigs from last year at 1,974, with oil rigs up 40, gas rigs down 248, and miscellaneous rigs up 3. The U.S. offshore rig count is 50, down 1 from last week, and up 5 year over year. | | | May 9, 2013 | | 07:29 EDT | | RIG | Transocean comments on reports from proxy advisors support for board nominees
Subscribe for More Information | | | May 8, 2013 | | 16:35 EDT | | RIG | Transocean sees annualized savings of $300M from cost reductions
Transocean said that based on preliminary analysis, it currently anticipates achieving annualized savings associated with its initial phase of its cost reduction initiative of approximately $300M. The expected reduction in onshore costs includes, among other items, the consolidation of facilities, the streamlining of business functions and processes, as well as elimination of processes, programs and tasks that are not central to supporting our core business of operating our rigs safely and efficiently. | | | 16:33 EDT |  | RIG | Transocean reports Q1 adjusted EPS 93c, consensus $1.00
Reports Q1 revenue $2.2B, consensus $2.36B. Total rig utilization was 80% in Q1 compared with 79% in Q4. Contract backlog was $28.5B as of the April 18 Fleet Status Report. Since April 18m additional contracts totaling $199M were secured. | | | 15:29 EDT | | RIG | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include News Corp. (NWSA), consensus 36c; CenturyLink (CTL), consensus 69c; Transocean (RIG), consensus $1.00; Activision Blizzard (ATVI), consensus 11c; Energy Transfer Equity (ETE), consensus 48c; Continental Resources (CLR), consensus $1.13; Green Mountain Coffee Roasters (GMCR), consensus 73c; Sunoco Logistics Partners (SXL), consensus 82c; Tesla Motors (TSLA), consensus 4c. | | | 06:12 EDT |  | WFT | Weatherford implied volatility at low end of index mean range
Subscribe for More Information | | | May 7, 2013 | | 09:32 EDT |  | WFT | Weatherford upgraded to Outperform from Sector Perform at Iberia
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