Saturday, October 19, 2024

Baker Hughes 2Q: Orders Rose 15% Sequentially, 9% Annually

Financial Highlights Orders of $6.0 billion for the quarter, up 15% sequentially and up 9% year-over-year on a combined business basis Revenue of $5.5 billion for the quarter, up 3% sequentially and up 2% year-over-year on a combined business basis GAAP operating income of $78 million for the quarter, increased $119 million sequentially and increased $223 million year-over-year on a

Schlumberger Sees Sequential Revenue Increase

Schlumberger (NYSE: SLB) reported results for the second quarter of 2018 highlighted by sequential revenue increases and the mobilization of 29 new rigs for its international drilling business. The company also said it had removed one complete layer of its management and support structure. Financial Highlights Revenue of $8.3 billion increased 6% sequentially Pretax operating income of $1.1 billion increased

Superior Drilling Products to Present at The Oil and Gas Conference

Superior Drilling Products, Inc. (NYSE: SDPI) Company Overview Superior Drilling Products, Inc (SDPI) was founded in 1993 by company CEO Troy Meier. In May of 2014, SDPI purchased Hard Rock Solutions, Inc. (HRSI) and became a public company listed on the New York Stock Exchange. The purchase of HRSI included the patented Drill-n-Ream tool which conditions horizontal well bores while

U.S. Rig Count Declines

Overall activity hovers around 1,050 Drilling activity in the U.S. declined this week as activity continues to hover around 1,050 active rigs, according to Baker Hughes Weekly Rig Count. Six land-based rigs shut down this week, and two offshore rigs also came offline. Inland waters activity was flat, so the overall U.S. rig count declined by eight this week. There

NuStar GP Holdings, LLC and NuStar Energy L.P. Merge

NuStar GP Holdings, LLC (NYSE: NSH) and NuStar Energy L.P. (NYSE: NS) have announced that the merger of NSH with a subsidiary of NS was completed today. Under the terms of the merger agreement, NSH unitholders are entitled to receive 0.55 of a common unit representing a limited partner interest in NS in exchange for each NSH unit owned at

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