Category: Finance/Earnings

Wilbur Ross sees profits for Texas shale as Venezuela struggles

Wilbur Ross, the investor who’s made billions betting on on-out-favor industries, is bullish on Texas oil after its recent tumble.  More »

Oil firms reach for subsea standards to cut costs, FMC CEO says

The next generation of tools designed to help energy companies process oil and gas deep under the oceans could follow uniform industry designs, FMC Technologies CEO John Gremp said.  More »

WTI oil climbs as U.S. motor-fuel supplies seen lower

December futures increased as much as 0.5 percent in New York, adding to a 0.7 percent rise yesterday.  More »

Nabors earnings rise after last year’s loss

Nabors Industries collected $61 million in profit in the third quarter on higher North American drilling activity, a year after it faced losses on asset impairments and other charges.  More »

FMC Technology profit rises 46 percent

FMC Technologies on Tuesday posted a 46 percent boost to its third-quarter bottom line, largely because of a rise in subsea technology sales and its North American high-pressure fluid control business.  More »

Report: Retirees, 401Ks hold most shares in oil & gas industry

The biggest owners of oil and gas companies aren’t found inside their boardrooms.  More »

Oil at $80 a barrel muffles forecasts for U.S. shale boom

The bear market in oil has analysts reassessing the U.S. shale boom after five years of historic growth.  More »

WTI crude oil seen supported near $75 a barrel

Prices have tumbled more 20 percent from their June peak, meeting a common definition of a bear market.  More »

Shell Midstream launches IPO

Royal Dutch Shell’s midstream partnership launched its initial public offering in New York Monday, the company announced Monday.  More »

Hedge funds cut bullish bets on crude as prices tumble

Crude is now trading in a bear market, underpinned by speculation that OPEC members are favoring market share over prices.  More »

Halliburton execs point to U.S. shale as profits leap 70 percent

U.S. shale plays have become laboratories for experiments with more production stages, more sand and, in West Texas, a lot more horizontal rigs – a development Halliburton executives say has required an unprecedented level of oil-field service intensity.  More »

Investor says Swift Energy needs to cut debt

Swift Energy’s debt has ballooned to nearly $1.2 billion and has shareholders nervous.  More »
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