$RDC (Rowan Companies plc)

$RDC {{ '2016-05-24T11:26:59+0000' | timeago}} • Announcement

$RDC said the agreement provides that the drilling contract will be terminated immediately, and Freeport will pay $RDC $215MM in cash to settle outstanding receivables and early termination of the contract. $RDC may also receive additional contingent payments from Freeport of $10MM and $20MM, depending on average price of oil over 12-month period.

$OKE {{ '2018-01-18T12:23:54+0000' | timeago}} • Announcement

The BoD of $OKE has increased the company's quarterly dividend by 3% to $0.77 per share. The dividend is payable Feb. 14, 2018, to shareholders of record at the close of business Jan. 29, 2018.

$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.

$OKE {{ '2018-01-04T21:52:09+0000' | timeago}} • Announcement

$OKE plans to invest approx. $1.4Bil to construct a new pipeline to transport NGLs from the Rocky Mountain region to its existing Mid-Continent NGL facilities. The Elk Creek Pipeline is expected to cost approx. $1.2Bil, with related infrastructure costs expected to total approx. $200MM. It is expected to be completed by 2019-end.

$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.

$WPX {{ '2017-12-01T17:17:21+0000' | timeago}} • Announcement

$WPX appointed Clay Gaspar as president effective Dec. 1, 2017, in addition to his current role as its COO. Gaspar and the balance of $WPX's senior leadership will continue reporting directly to Rick Muncrief, $WPX's chairman and CEO.

$MRO {{ '2017-11-29T12:23:05+0000' | timeago}} • Announcement

$MRO entered into a transaction to redeem at par the outstanding $1Bil of 5.125% municipal revenue bonds due 2037. The transaction will reduce gross debt by $1Bil and annual cash interest expense by $51MM. The total debt reduction is now about $1.75Bil, while cash interest expense reduced by about $115MM, when combining with the 3Q17 refinancing.

$GE {{ '2017-11-17T11:32:54+0000' | timeago}} • Announcement

GE Additive, a $GE company, has acquired GeonX, a privately-owned developer of simulation software. Terms of the deal, which is aimed at strengthening $GE's software simulation capabilities, were not disclosed.

$GE {{ '2017-11-13T15:28:38+0000' | timeago}} • Announcement

As speculated over the past few weeks, $GE has decided to reduce it's quarterly dividend to $0.12 per share. This represents a 50% reduction from the current quarterly dividend of $0.24. This change will be effective beginning with the BoD's next dividend declaration, which is expected to occur in December, 2017.

$NFX {{ '2017-11-08T21:19:38+0000' | timeago}} • Infographic

$NFX Newfield Exploration Co Earnings AlphaGraphic: Q3 2017 highlights

$MRO {{ '2017-11-07T15:11:18+0000' | timeago}} • Webcast

$MRO stated its 3Q17 Eagle Ford production was up from the previous quarter despite the impacts from Hurricane Harvey. The company added that through the three quarters of the year, Eagle Ford's 90-day cumulative well production was tracking 15% above last year's production, while maintaining flat completed well cost.

$MRO {{ '2017-11-07T15:09:37+0000' | timeago}} • Webcast

$MRO expects to be cash flow neutral in 2017 at current strip prices, including dividend and changes in working capital. The company also expects its margins to expand, as it continues to shift production mix to a greater weighting of U.S. unconventionals, aligning the volumes to its investment concentration.

$BHGE {{ '2017-11-06T13:14:25+0000' | timeago}} • Announcement

$BHGE has authorized repurchase of up to $3Bil of its common units from $BHGE and $GE. The company will use the proceeds from the sale of its BHGE LLC common units to repurchase its Class A shares. In addition, the company also announced its intention to issue new debt.

$MRO {{ '2017-11-02T12:14:56+0000' | timeago}} • Announcement

$MRO expects 4Q17 US E&P production available for sale to average 255,000-265,000 net boed. International E&P production available for sale, excluding Libya, is expected to be within a range of 120,000-130,000 net boed. For FY17, $MRO expects total production available for sale, excluding Libya, to be in the new range of 350,000-360,000 net boed.

$MRO {{ '2017-11-02T12:10:34+0000' | timeago}} • Announcement

Petroleum and natural gas exploration and production company $MRO reported a wider loss in 3Q17, hurt by impairment charges in the quarter. Net loss widened to $599MM or $0.70 per share from $192MM from $0.23 per share a year ago. Revenue however jumped 26% to $1.2Bil from $990MM. Adjusted loss per share narrowed to $0.08 from $0.11.

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