$RDC (Rowan Companies plc)

$RDC {{ '2016-09-16T08:56:37+0000' | timeago}} • Announcement

Contract drilling services provider $RDC reported that if $CIE continues its operations with Rowan Reliance after March 31, 2017, day rate will be reduced to about $262,000 per day for remaining operating days. $CIE also said it will use $RDC as its exclusive global drilling services provider for 5 years.

$HAL {{ '2018-01-22T13:04:58+0000' | timeago}} • Announcement

$HAL's International revenue for 4Q17 increased 11% sequentially to $2.5Bil. This resulted primarily from increased activity across multiple product services lines in Latin America, and increases in drilling and stimulation activity in the Eastern Hemisphere.

$HAL {{ '2018-01-22T13:04:33+0000' | timeago}} • Announcement

$HAL's North America revenue for 4Q17 rose 7% sequentially to $3.4Bil. This was driven primarily by higher utilization and pricing throughout the U.S. land sector in the majority of product service lines, primarily pressure pumping, as well as higher drilling activity and completion tool sales in the Gulf of Mexico.

$HAL {{ '2018-01-22T13:04:14+0000' | timeago}} • Announcement

$HAL's Drilling and Evaluation revenue for 4Q17 grew 12% to $2.1Bil from last quarter and operating income climbed 62% to $291MM. These increases were primarily due to increased drilling activity in the Middle East and North America and higher software sales and services in Latin America.

$HAL {{ '2018-01-22T13:03:56+0000' | timeago}} • Announcement

$HAL's Completion and Production revenue for 4Q17 rose 8% to $3.8Bil from last quarter. In the U.S. land sector, higher pressure pumping activity and pricing led to higher revenue while higher costs and seasonality hindered profitability.

$HAL {{ '2018-01-22T13:03:04+0000' | timeago}} • Announcement

$HAL reported a wider loss in 4Q17 due to charges related to U.S. tax reform and Venezuela receivables. Net loss widened to $824MM or $0.94 per share from $149MM or $0.17 per share last year. Revenue grew to $5.94Bil from $4.02Bil. Adjusted EPS from continuing operations jumped to $0.53 from $0.04.

$HAL {{ '2018-01-22T12:45:50+0000' | timeago}} • Infographic

$HAL Halliburton Co. Earnings AlphaGraphic: Q4 2017 Highlights

$SLB {{ '2018-01-19T19:26:25+0000' | timeago}} • Webcast

$SLB plans to tackle this year's activity growth without raising CapEx, as it has started  to benefit from increased asset utilization. With the counter-cyclical business development program being completed, Schlumberger will now shift focus to project execution. It has also been decided to maintain dividends at the current level for another year.

$SLB {{ '2018-01-19T19:15:55+0000' | timeago}} • Webcast

$SLB has initiated reactivation of equipment to tap the growth potential outside the US. The process will result in an increase in short-term costs, which the company expects to absorb in 1Q18. Schlumberger expects the decline in EPS in 1Q18 to be 2-3% more than the normal seasonal dip, due to the large size of its business in Russia and North Sea.

$SLB {{ '2018-01-19T18:34:33+0000' | timeago}} • Webcast

$SLB said a reduction in tax rate, pursuant to the tax reform, will offset the effect of an estimated 2-3% rise in its effective tax rate this year, due to higher profitability in N. America. The company attributed the $3Bil pre-tax charge incurred in 4Q17 to its exit from the seismic acquisition business and write-down of investments in Venezuela.

$SLB {{ '2018-01-19T15:58:24+0000' | timeago}} • Announcement

$SLB’s 4Q17 revenue growth was driven mainly by a 40% upturn in the Production Group. The Cameron Group registered a 5% growth to $1.41Bil, and Drilling Group revenues advanced 8% to $2.2Bil. Meanwhile, Reservoir and Characterization Group saw revenues falling 2% to $1.64Bil. Region-wise, North America continued to top the list with a 59% growth.

$SLB {{ '2018-01-19T15:47:31+0000' | timeago}} • Announcement

Oilfield technology firm $SLB incurred a huge charge in 4Q17 related to restructuring of its operations in crisis-stricken Venezuela, resulting in a sharply wider loss. Excluding the charge, Schlumberger posted a 78% growth in earnings to $0.48 per share, which exceeded expectations. The upturn was supported by a 15% rise in revenues to $8.2Bil.

$SLB {{ '2018-01-19T13:33:35+0000' | timeago}} • Infographic

$SLB Schlumberger Limited Earnings AlphaGraphic: Q4 2017 Highlights

$GE {{ '2018-01-17T20:56:28+0000' | timeago}} • Announcement

$GE Transportation signed two contracts, valued at over $900MM, with Kazakhstan's state-run railroad Kazakhstan Temir Zholy, as part of its long-term commitment to develop the country's railway infrastructure. The contracts include the delivery of 300 shunter locomotives and an 18-year service agreement.

$RDC {{ '2018-01-05T14:17:52+0000' | timeago}} • Announcement

$RDC has purchased two LeTourneau Super 116E jack-up rigs, the P-59 and P-60 in a public auction from a subsidiary of Petroleo Brasileiro S.A. for $38.5MM per unit. The company intends to mobilize these modern jack-ups to the Middle East from their current location in Brazil in late 1Q18.

$CNI {{ '2017-12-22T19:58:54+0000' | timeago}} • Announcement

Railroad company $CNI has decided to purchase 200 new locomotives from $GE over the next three years. Production of the locomotives will commence next year at the GE facility in Texas, and the units are expected to be delivered in 2018, 2019 and 2020. The order includes Tier-4 and Tier -3 Evolution Series locomotives.

$WPX {{ '2017-12-21T20:19:34+0000' | timeago}} • Announcement

$WPX closed the divestiture of its legacy natural gas position in the San Juan Basin for $169MM. This includes WPX’s operated and non-operated gas properties in the basin. This does not include WPX’s oil operations in the basin’s Gallup play. $WPX expects to finish 2017 with about $200MM cash on-hand and no borrowings against its credit revolver.

$GE {{ '2017-12-18T14:51:55+0000' | timeago}} • Announcement

Airborne Wireless Network (ABWN) entered into a Support Agreement on Dec. 14, 2017 with GE Aviation, one of $GE Business Units. ABWN anticipates that this relationship should significantly accelerate the development of ABWN's proprietary Hybrid Radio and Free-Optics Communications System to be demonstrated CY18.

$GE {{ '2017-12-07T15:43:43+0000' | timeago}} • Announcement

$GE Power plans to reduce its global headcount by about 12,000 positions, affecting both professional and production employees. This aligns with $GE's effort to lower overall structural costs by $3.5Bil in 2017 and 2018. The plans announced are driven by challenges in the power market worldwide.

$GE {{ '2017-12-07T15:40:27+0000' | timeago}} • Announcement

$GE Power plans to reduce its global headcount by about 12,000 positions, affecting both professional and production employees. The headcount reductions, combined with actions taken previously in 2017, will position GE Power to reach its announced target of $1Bil in structural cost reductions in 2018.

$PX {{ '2017-12-01T18:02:19+0000' | timeago}} • Announcement

$PX and $GE's Aviation opened a new facility for their PG Technologies business, which specializes in advanced coatings that enable jet engines to withstand higher temperatures and stresses. PG Technologies is a JV between Praxair Surface Technologies Inc., a subsidiary of $PX, and GE Aviation.

Recent Transcripts

SLB (Schlumberger Limited)
Friday, January 19 2018 - 1:30pm
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Thursday, November 9 2017 - 5:00pm
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WG (Willbros Group Inc.)
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Thursday, November 2 2017 - 2:00pm
WPX (WPX Energy, Inc.)
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CHK (Chesapeake Energy Corporation)
Thursday, November 2 2017 - 1:00pm
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Wednesday, November 1 2017 - 3:00pm
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ARLP (Alliance Resource Partners LP)
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