$NBR (Nabors Industries Ltd.)

$NBR {{ '2017-12-15T14:58:15+0000' | timeago}} • Announcement

$NBR said it has completed the previously announced acquisition of $TESO. Nabors acquired all common shares of Tesco in an all-stock transaction. Tesco shareholders will receive 0.68 common shares of Nabors for each share of Tesco stock owned. With the completion of the transaction, Tesco common stock has ceased trading on the NASDAQ Stock Market.

$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

$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.

$MDR {{ '2018-01-05T13:16:20+0000' | timeago}} • Announcement

Oilfiled technology company $MDR has appointed Ian Prescott as VP of Asia region, effective January 8. He succeeds Hugh Cuthbertson who will be retiring soon. Most recently, Ian served SNC-Lavalin as SVP and Director of Asia Pacific. Earlier, he held leadership positions in PAE plc and Aker Kvaerner.

$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.

$MDR {{ '2017-12-22T13:50:10+0000' | timeago}} • Announcement

$MDR, a technology company in the energy industry, received a major contract from Maersk Oil to provide engineering, procurement, construction and commissioning services for the Tyra Redevelopment project in North Sea. Work under the contract is expected to start early next year, and the lump sum will be reflected in McDermott’s 4Q17 backlog.

$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.

$MDR {{ '2017-12-18T22:40:44+0000' | timeago}} • Announcement

$MDR and $CBI agreed to combine in a transaction that is expected to be cash accretive, excluding one-time costs, within the first year after closing. It is also expected to generate annualized cost synergies of $250MM in 2019. This is in addition to the $100MM cost reduction program that $CBI expects to have fully implemented by the end of 2017.

$MDR {{ '2017-12-18T22:40:30+0000' | timeago}} • Announcement

$MDR and $CBI have agreed to merge. $MDR shareholders will own approx. 53% and $CBI shareholders will own approx. 47% of the combined company. On a pro forma combined basis, $MDR and $CBI would have combined revenues of approx. $10Bil and a backlog of approx. $14.5Bil.

$MDR {{ '2017-12-18T22:40:13+0000' | timeago}} • Announcement

$MDR and $CBI have agreed to combine in an all-stock transaction. $CBI shareholders are entitled to receive 2.47221 shares of $MDR common stock for each share of $CBI common stock owned. The estimated value of the transaction is approx. $6Bil. The deal is expected to be completed in 2Q18.

$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.

$NBR {{ '2017-12-15T14:58:15+0000' | timeago}} • Announcement

$NBR said it has completed the previously announced acquisition of $TESO. Nabors acquired all common shares of Tesco in an all-stock transaction. Tesco shareholders will receive 0.68 common shares of Nabors for each share of Tesco stock owned. With the completion of the transaction, Tesco common stock has ceased trading on the NASDAQ Stock Market.

$HP {{ '2017-12-08T15:54:15+0000' | timeago}} • Announcement

$HP acquired Magnetic Variation Services LLC (MagVAR). Founded in 2010, MagVAR will maintain its headquarters in Westminster, Colorado. $HP closed its acquisition of MOTIVE Drilling Technologies Inc. in June 2017.

$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.

$NBR {{ '2017-12-04T13:01:28+0000' | timeago}} • Announcement

$NBR and $TESO provided a status update of the previously announced acquisition of $TESO by $NBR. Tesco shareholders approved the Arrangement pursuant to which Nabors will acquire all of Tesco's common shares in a stock-for-stock transaction. The companies expect the closing of the transaction to occur by year-end.

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