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Zacks News
What Lies Ahead for Oilfield Service in Q3 Earnings?
by Nilanjan Banerjee
Although weak oil pricing and conservative capital spending by US explorers might have acted as headwinds in Q3, rising rig count in international market may have lent support to oilfield service.
The Zacks Analyst Blog Highlights: GE company, Halliburton Company, Schlumberger, Diamond Offshore Drilling and Transocean
by Zacks Equity Research
The Zacks Analyst Blog Highlights: GE company, Halliburton Company, Schlumberger, Diamond Offshore Drilling and Transocean
Drillers in Permian Basin Continue to Remove Oil Rigs
by Zacks Equity Research
Domestic drillers may continue to lower rigs in the oil patches as they have a conservative capital budget for 2019 and the crude pricing scenario is weak.
Oil & Gas Stock Roundup: Tellurian's LNG Deal, Equinor's Gas Find & More
by Nilanjan Choudhury
Natural gas company Tellurian (TELL) signed an MOU with India's Petronet to sell 18% stake in its proposed Driftwood LNG terminal and export 5 million tons of LNG a year from it for 40 years.
Permian, Cana Woodford & Eagle Ford Drillers Lower Oil Rigs
by Zacks Equity Research
The count of oil rigs in Permian declines for six consecutive weeks.
Baker Hughes to Eliminate GE Reference From Ticker & Name
by Zacks Equity Research
Baker Hughes (BHGE) will eliminate references of General Electric Company (GE) from its name as the U.S. industrial conglomerate has lowered its ownership stake in the oilfield service firm.
Oil & Gas Stock Roundup: Energy Transfer's Acquisition, ExxonMobil's Guyana Oil Find & More
by Nilanjan Choudhury
Midstream biggie Energy Transfer (ET) said on Monday it would buy SemGroup (SEMG) for $5.1 billion. Meanwhile, supermajor ExxonMobil (XOM) confirmed its 14th oil discovery off the coast of Guyana.
E-Fracs Hold Promise But Do Not Appear Appealing to Industry
by Kaibalya Pravo Dey
E-Fracs can reduce the cost of fracking in a well by $350,000 from $6-$8 million standard cost per well for oil and gas producers.
Permian & Cana Woodford Oil Drillers Continue to Remove Rigs
by Zacks Equity Research
While the tally of oil rigs in Permian fell for five consecutive weeks, crude drillers in Cana Woodford removed rigs for two successive weeks.
General Electric Makes Tender Offers for $5B Debt Securities
by Zacks Equity Research
General Electric's (GE) tender offerings to purchase its U.S. dollar and Euro-denominated debt securities will help it strengthen the balance sheet.
General Electric to Get Roughly $3B From Stake Sale in BHGE
by Zacks Equity Research
General Electric's (GE) offering of Baker Hughes' shares to the public and Baker Hughes' decision to buy back own shares will likely raise roughly $3 billion. Funds will help in reducing debts.
Will Baker Hughes (BHGE) be Better Off if GE Lowers Stake?
by Zacks Equity Research
Baker Hughes (BHGE) announces that General Electric (GE) plans to further lower its stake in the oilfield service provider to less than 50%.
General Electric to Lose Controlling Stake in Baker Hughes
by Zacks Equity Research
General Electric's (GE) offering of Baker Hughes' shares to the public and Baker Hughes' decision to buy back own shares comply with the restructuring plans announced in June 2018.
Drillers in Permian & Cana Woodford Lower Oil Rig Count
by Zacks Equity Research
The tally for oil drilling rigs in the United States drops to the lowest level since November 2017.
Halliburton's (HAL) Q3 Outlook: What Investors Need to Know
by Zacks Equity Research
While headwinds will continue in North America in the form of softness in activity, Halliburton (HAL) CEO sees robust customer spending on international drilling and completion projects.
Why Rig Count Is No Longer a Reliable Gauge of Production
by Nilanjan Choudhury
As per conventional wisdom, when number of rigs decline, fewer wells are drilled. This means less new oil and gas are discovered, and ultimately production slows down.
Drillers in Permian & DJ-Niobrara Continue to Remove Oil Rigs
by Zacks Equity Research
The tally for oil drilling rigs in the United States drops to 742, a level last recorded in early January 2018.
Drillers in Permian & DJ-Niobrara Basins Remove Oil Rigs
by Zacks Equity Research
Drillers remove most drilling rigs in U.S. oil resources since the week ended Apr 26.
Baker Hughes (BHGE) Wins Contract for Calcasieu Pass Project
by Zacks Equity Research
Baker Hughes (BHGE) expects the deliveries of equipment to commence in second-half 2020 at the Calcasieu Pass project site.
Explorers' Tight Capex to Hurt Oilfield Services Industry
by Rimmi Singhi
With oilfield companies idling more equipment and drilling contractors expected to run fewer rigs in the remainder of 2019, things do not look bright for the oilfield services industry.
Baker Hughes (BHGE) Beats on Q2 Earnings, Eyes LNG Growth
by Zacks Equity Research
Baker Hughes' (BHGE) total orders through second-quarter 2019 increase 9% year over year, owing to growth in three of the four segments.
Baker Hughes (BHGE) Q2 Earnings and Revenues Top Estimates
by Zacks Equity Research
Baker Hughes (BHGE) delivered earnings and revenue surprises of 5.26% and 3.00%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
What's in Store for Baker Hughes (BHGE) in Q2 Earnings?
by Zacks Equity Research
Increase in total orders and rising profit levels from Oilfield Equipment and Oilfield Services units will likely boost Baker Hughes' (BHGE) second-quarter earnings.
Baker Hughes (BHGE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
by Zacks Equity Research
Baker Hughes (BHGE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Schlumberger (SLB) Q2 Earnings Meet Estimates, Revenues Top
by Nilanjan Banerjee
Contributions from drilling operations in international markets aid Schlumberger's (SLB) Q2 earnings.