Oil Equipment

U.S. energy companies today added the most significant variety of oil and natural gas rigs in a week considering that September, with the oil rig count likewise rising to its greatest in six months, energy services firm Baker Hughes stated in its carefully followed report on Friday. The oil and gas rig count, an early indicator of future output, increased by seven to 629 in the week to March 15. > <In spite of today's rig increase, Baker Hughes stated the overall count was still down 125 rigs or 16.6% below this time in 2015. Baker Hughes said oil rigs...

U.S. energy companies this week added oil and natural gas rigs for a 2nd straight week to their greatest considering that September, energy services firm Baker Hughes said in its carefully followed report on Friday. The oil and gas rig count, an early indicator of future output, increased by 3 to 629 in the week to March 1, its greatest given that the week ending Sept. 22. .> <In spite of today's rig boost, Baker Hughes said the. overall count was still down 120 rigs, or 16%, listed below this time. last year. Baker Hughes said oil well rose three...

U.S. energy firms today included the most oil rigs given that November, and the most in a month since October 2022, energy services firm Baker Hughes stated in its carefully followed report on Friday. The combined oil and gas rig count, an early sign of future output, rose by 5 to 626 in the week to Feb. 23, its highest given that August 2023. .> <Despite this week's rig increase, Baker Hughes said the. overall count was still down 127, or 17 %below this time last. year. Baker Hughes said U.S. oil well increased six to 503 today,. while gas...

An encouraging economic outlook and dovish signals from the Federal Reserve are motivating financiers to look beyond the massive growth and innovation stocks that have sustained the U.S. stock market's gains over the previous year. Though rallies in stocks such as Nvidia and Meta Platforms have actually been the market's main individual chauffeurs in 2024, the financials, industrials and energy sectors are likewise exceeding the S&P 500's. 9.7% year-to-date gain. That has actually relieved worries that the marketplace. was becoming increasingly connected to the fortunes of a small group. of stocks. A belief that the economy will remain durable while....

An encouraging financial outlook and dovish signals from the Federal Reserve are motivating investors to look beyond the huge development and innovation stocks that have actually sustained the U.S. stock exchange's gains over the previous year. Though rallies in stocks such as Nvidia and Meta Platforms have been the marketplace's primary person chauffeurs in 2024, the financials, industrials and energy sectors are also outperforming the S&P 500's. 9.7% year-to-date gain. That has actually alleviated concerns that the market. was ending up being significantly connected to the fortunes of a little group. of stocks. A belief that the economy will remain...

Aker Carbon Capture Asa: * AKER CARBON CAPTURE ANNOUNCES ARRANGEMENT TO FORM JOINT VENTURE WITH SLB *: SLB WILL PAY NOK 4.12 BILLION IN CASH TO ACC FOR PURCHASE OF 80% OF SHARES IN AKER CARBON RECORD HOLDING AS * IN ADDITION, ACC WILL BE ENTITLED TO A PERFORMANCE-BASED PAYMENT OF AS MUCH AS NOK 1.36 BILLION. * FOLLOWING TRANSACTION, SLB WILL OWN 80% OF COMBINED ORGANIZATIONS AND ACC WILL OWN 20% * AMOUNT OF PURCHASE PRICE FOR ACCH AND MAINTAINED MONEY CORRESPONDS TO A WORTH PER ACC SHARE OF NOK 9.19 *: ACC WILL BE ENTITLED TO A PERFORMANCE-BASED...

Activist shareholder Sparta Capital Management is pushing British engineering services firm Wood Group to think about either selling itself or to reevaluate its UK listing, according to a letter from the fund supervisor on Tuesday. Shares in the FTSE 250 business were last up 0.1% at 0915 GMT at about 142 cent. A representative for the hedge fund decreased to discuss the letter and also decreased to confirm just how much stock Sparta Capital held in Wood Group. Wood Group also decreased to comment. Wood Group's share price performance has actually not matched that of U.S.-listed engineering peers Jacobs Solutions...

Oil rates are anticipated to increase on Monday after Iran's attack on Israel over the weekend, experts stated on Sunday, however more gains might depend upon how Israel and the West pick to strike back. Iran released explosive drones and rockets at Israel late on Saturday in retaliation for a suspected Israeli attack on its consulate in Syria on April 1, a first direct attack on Israeli area that has stired fears of a larger regional dispute. Concern of a reaction from Iran to the strike on its embassy compound in Damascus supported oil last week and assisted send out...

Oil rose around 1% on Friday on geopolitical tensions in the Middle East however posted a. weekly loss on a bearish world oil need growth forecast from. the International Energy Company (IEA) and worries about slower. U.S. interest rate cuts. Brent crude futures settled up 71 cents at $90.45 a. barrel, while U.S. West Texas Intermediate crude futures. rose 64 cents to $85.66. For the week, Brent decreased 0.8%, while WTI fell more than. 1%. During the week, oil rates neared a six-month high up on. issue that Iran, the third-largest OPEC manufacturer, might. retaliate for a believed Israeli warplane...

Leading oilfield services business SLB stated on Tuesday it will buy smaller sized rival ChampionX in an allstock offer valued at $7.75 billion, amidst growing consolidation in the North American energy sector. Oilfield service providers have actually followed energy manufacturers in pursuing offers as they browse operational and rates difficulties while accommodating consumers who have cut costs on brand-new wells in favor of financier returns. This is SLB's second acquisition in a week and its greatest purchase since 2016 when it bought oilfield gear maker Cameron International for $14.8 billion. In 2015, Patterson-UTI Energy and NexTier Oilfield Solutions accepted merge...

Leading U.S. oilfield services provider SLB stated on Wednesday it would integrate its carbon capture organization with Norway's Aker Carbon Capture to accelerate the deployment of carbon capture technologies. SLB will pay 4.12 billion Norwegian crowns ($ 379.67 million). in money for Aker Carbon Capture Holding AS (ACCH), which holds. the business of the carbon capture technology company. The U.S. company, which will own 80% of the combined. organization, might also make extra payments of as much as 1.36. billion Norwegian crowns ($ 125.33 million) over the next 3. years based upon the performance of business. We are excited to...

Energy executives say they are looking past present ultracheap gas prices and betting on a. coming wave of new melted natural gas (LNG) plants to raise. need and prices for the fuel. Gas rates have fallen by one-third this year,. damaged by a warmer winter, blackouts at LNG facilities and. higher-than-expected output. The growth in solar and wind power. and a pause on new U.S. LNG export permit evaluations likewise have. clouded the outlook for future gas need. Domestic U.S. markets are oversupplied, said Chad Zamarin,. a senior vice president at gas pipeline operator Williams Cos . It will definitely...

An Exxon Mobilled oil consortium on Friday gave the financial green light to its 6th oil advancement job in the Stabroek Block in overseas Guyana after getting the required federal government and regulatory approvals. Production at the $12.7 billion Whiptail job in the 6.6-million-acre Stabroek block, owned and run by a. consortium including Exxon, Hess Corp and China's CNOOC. Ltd, is anticipated to start in 2027. The task will add capability of 250,000 barrels of oil per. day (bpd), bringing the total gross production capacity of the. block to about 1.3 million bpd by end of 2027. Shares of Exxon...

Chinese companies won 4 quotes to check out Iraqi oil and gas fields, Iraq's oil minister said on Sunday as the Middle Eastern nation's hydrocarbon expedition licensing round continued into its 2nd day. The oil and gas licences for 29 projects are generally targeted at increase output for domestic usage, with more than 20 companies pre-qualifying, consisting of European, Chinese, Arab and Iraqi groups. Chinese business have been the only foreign players to win quotes, taking 9 oil and gas fields because Saturday, while Iraqi Kurdish business KAR Group took 2. There were notably no U.S. oil majors involved, even...

The following bids, mergers, disposals and acquisitions were reported by 0930 GMT on Thursday: ** SoftBank CEO Junichi Miyakawa stated that the Japanese telecommunications company is in talks with South Korea's. Naver over control of LY Corp, which. operates the popular messaging app Line. ** Spanish bank BBVA provided a 12.23 billion. euro ($ 13.11 billion) takeover deal for rival Sabadell. straight to shareholders, turning to a hostile quote. after Sabadell's board declined the very same proposal this week. ** Japan's top steelmaker, Nippon Steel, is. sticking to its strategy to close a deal by year-end to buy U.S. Steel,...