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Oil Related Services and Equipment

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Baker Hughes expects activity to stay flat through year-end - Conf Call

Friday, 20 Oct 2017

Oct 20 (Reuters) - Baker Hughes A GE Co : :Baker Hughes - Expect activity to stay flat through year-end till market has "better line of sight" into 2018 budgets, operators' production hedge positions - Conf Call.Baker Hughes says in Q3, Q-O-Q increase in orders was driven by shorter cycle segment, oilfield services and digital solutions - Conf Call.Baker Hughes says recorded negative impact of about $15 million in quarter as a result of supply chain driven delays caused by Hurricane Harvey - Conf Call.Baker Hughes CFO says major project investments remained low in oil and gas market - Conf Call.Baker Hughes CFO says in short term, expect headwinds on service orders from customers spend delays and low LNG order to continue - Conf Call.Baker Hughes says expect digital solutions to continue to grow in Q4, but off a lower base than Q4 2016 - Conf Call.Baker Hughes CEO says "Would definitely" expect Q4 to be better operationally due to seasonaility and some process changes - Conf Call.Baker Hughes CEO says expect oilfield equipment business to continue to be challenged, with some delays in some projects - Conf Call.Baker Hughes CFO says apart from forex, do not expect any appreciable increase in margin rates over next few quarters - Conf Call.Baker Hughes CEO says "We should have better order performance in 2018, but actually the revenue side continue to be pressured" - Conf Call.

Schlumberger on track to achieve cash flow generation target for the year - conf call

Friday, 20 Oct 2017

Oct 20 (Reuters) - Schlumberger NV ::Schlumberger NV says remain on track to achieve cash flow generation target for the year - conf call.Schlumberger NV says current situation regarding global oil inventory is more positive than what is reflected by the industry - conf call.Schlumberger NV CEO says SPM won't alter co's core business, it will only compliment the core business - conf call.Schlumberger says there is still pricing pressure in new bids, but downward trend of pricing is slowing significantly in international markets - conf call.Schlumberger says in north america land, we do expect to grow, but i think the growth rate will slow - conf call.

Schlumberger reports Q3 earnings per share of $0.42 excluding items

Friday, 20 Oct 2017

Oct 20 (Reuters) - Schlumberger :Schlumberger announces third-quarter 2017 results.Q3 earnings per share $0.42 excluding items.Q3 revenue $7.9 billion versus I/B/E/S view $7.91 billion.Q3 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.Q3 GAAP earnings per share $0.39 including items.Schlumberger NV - qtrly pretax operating margin of 13.4‍​ percent versus 11.6 percent last year.Schlumberger NV - ‍activity growth in Q3 was "again led by our North America Land GeoMarket​".Schlumberger NV - ‍in US Gulf of Mexico, activity continued to weaken in Q3, and outlook remains bleak for this region based on current customer plans​.Schlumberger NV - capex (excluding multiclient and SPM investments) is expected to be $2.1 billion for 2017‍​.Schlumberger NV - ‍reduction in global oil inventories in Q3 showing oil market now in "balance".Schlumberger NV - ‍geographically, qtrly North America revenue increased as co continued high redeployment rate of spare hydraulic fracturing capacity​.Schlumberger NV - ‍investment appetite in North America Land now seems to be "moderating".Schlumberger - see number of market factors, data points now emerging that make co increasingly positive, optimistic about outlook for co's global business.Schlumberger - ‍comments from several OPEC countries & Russia suggest an extension of production cuts beyond current 9-month agreement is a possibility​.

Baker Hughes a GE Co Q3 adj. basic earnings per share $0.05

Friday, 20 Oct 2017

Oct 20 (Reuters) - Baker Hughes A Ge Co ::Qtrly ‍GAAP loss per share $0.24​.Qtrly ‍revenue of $5.4 billion, down 1% sequentially and flat year-over-year on a combined business basis​.‍"In our Oilfield Services segment, we continue to see growth driven by our well construction business in North America"​.Qtrly ‍adjusted basic earnings per share (a non-GAAP measure) were $0.05​.In Oilfield Services segment, ‍international activity "remains muted" with rig count flat year-to-date.‍"In our Oilfield Equipment segment, subsea market continues to be challenging"​.‍"We expect overall oil and gas environment to remain challenging for rest of year"​.In Oilfield Equipment segment, "activity remains low and price continues to be pressured​".In overall O&G environment, seen some improvement in activity but not seen meaningful increases in customer capital commitments​.In Oilfield Equipment segment, expect subsea market to be challenged in short term, "little sign" of significant recovery in 2018​.Adjusted operating income for Q3 excludes adjustments of $362 million before tax, related to restructuring charges, merger and related costs​.Q3 earnings per share view $0.11, revenue view $5.53 billion -- Thomson Reuters I/B/E/S.

Aker Solutions CEO says looking for acquisitions

Friday, 20 Oct 2017

Oct 20 (Reuters) - Aker Solutions Asa CEO Luis Araujo told reporters and analysts on Friday::We are looking for opportunistic acquisitions.There is a lot of consolidation; there are opportunities; there is nothing we can talk about now, but we keep looking.

Aker Solutions q3 ebitda above forecast, sees 2018 revenues up from 2017

Friday, 20 Oct 2017

Oct 20 (Reuters) - Aker Solutions Asa :Aker solutions q3 revenues nok ‍5.4​ billion (Reuters poll nok 5.54 billion).Aker solutions q3 ebitda nok ‍401​ million (reuters poll nok 361 million).Aker solutions sees overall revenues down by ‍10-15​ percent in 2017 from 2016 (versus previous guidance of down 10-15 percent).Aker solutions asa: ‍outlook for oil services remains challenging as projects continue to be postponed and there is pressure on pricing​.Aker solutions q3 order backlog nok ‍27.2​ billion (reuters poll nok 27.96 billion).Aker solutions q3 order intake nok ‍2.6​ billion (reuters poll nok 3.37 billion).Aker solutions asa: ‍there are some signs of a recovery, particularly offshore norway and in brownfield segment​.Aker solutions asa: ‍tendering is steady and aker solutions is bidding for contracts totaling about nok 55 billion​.Aker solutions asa: ‍majority of these are in subsea area, where company anticipates several key projects to be awarded in next six months​.Aker solutions asa: sees overall revenue in 2018 somewhat up from 2017 pending successful outcome of several key ongoing tenders across all segments and regions​.Aker solutions asa: ‍underlying 2018 ebitda margins are expected to remain around full-year 2017 levels​.Aker solutions asa: ‍full-year 2017 underlying ebitda margins are seen close to third-quarter year-to-date levels, an improvement on company's previous guidance​.

Anton Oilfield Services Group updates on orders in Q3

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Anton Oilfield Services Group <3337.HK> ::‍Group was awarded new orders worth about RMB588.2 million during Q3​.

Cenovus reaches agreement to sell Palliser assets for $1.3 bln

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Cenovus Energy Inc :Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus Energy Inc - ‍sale process for Cenovus's Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan is proceeding as expected​.Cenovus Energy Inc - ‍credit Suisse and Scotiabank acted as financial advisors to Cenovus for Palliser transaction​.Cenovus - proceeds from Palliser sale will be used to deleverage company's balance sheet​.Cenovus Energy Inc - ‍Cenovus anticipates reaching a sale agreement for Weyburn asset in Q4 of 2017​.Cenovus Energy Inc - ‍"we continue to target between $4 billion and $5 billion in announced asset sale agreements by end of year​".Cenovus Energy-anticipates reaching sale for its Weyburn asset in Q4 of 2017.Cenovus Energy Inc - ‍Cenovus has certain other non-core assets that are currently being evaluated for potential sale​.Cenovus Energy - agreement to sell its Palliser crude oil and natural gas assets in Southeastern Alberta to Torxen energy and Schlumberger​.

TechnipFMC to buy Plexus’ exploration wellhead business

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Technipfmc Plc ::* To acquire Plexus’s Wellhead exploration equipment and services business .* Business will be integrated into the TechnipFMC Surface Technologies segment and will include the transfer of key personnel from Plexus..* Says deal will enable TechnipFMC to be a leading provider of products and services to the global jack up exploration drilling market.

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