Edition:
United Kingdom

Shariq Khan

ProPetro confirms U.S. SEC probe, accounting weaknesses

13 Nov 2019

Oilfield services firm ProPetro Holding Corp on Wednesday said a board investigation had uncovered material weaknesses in its financial controls and an undisclosed related-party transaction with its former chief accountant.

Slumping Canadian oil province Alberta loses producer Encana, moves to boost rail shipping

31 Oct 2019

Canada is losing the headquarters of major oil and gas producer Encana Corp to the United States, the latest blow to an industry crippled by a pipeline shortage, even as the Alberta government moved to stimulate crude shipping by rail.

WRAPUP-Slumping Canadian oil province Alberta loses producer Encana, moves to boost rail shipping

31 Oct 2019

Oct 31 Canada is losing the headquarters of major oil and gas producer Encana Corp to the United States, the latest blow to an industry crippled by a pipeline shortage, even as the Alberta government moved to stimulate crude shipping by rail.

Encana to move to U.S., change name amid pipeline crunch in Canada

31 Oct 2019

Encana Corp will shift base from Calgary to the United States and become Ovintiv Inc next year, the oil and gas producer said on Thursday, the latest company to move away from Canada as the nation battles with pipeline capacity shortages.

UPDATE 2-Baker Hughes adjusted profit rises on strong demand

30 Oct 2019

Oct 30 Baker Hughes Co reported a 46% jump in quarterly adjusted profit on Wednesday on stronger performances in both oilfield services and turbomachinery, sending its shares higher in early New York trading.

U.S. Silica sees lower frac sand demand, shares tumble

29 Oct 2019

U.S. Silica Holdings shares plunged 33% after the frac sand miner said it expects demand to slow in the fourth quarter and reported a bigger-than-expected quarterly loss on Tuesday, weighed down by lower prices.

Halliburton vows more cost cuts as shale demand dwindles, shares rise

21 Oct 2019

Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers, sending its shares up about 7%.

Schlumberger takes $12 billion charge as CEO charts new course

18 Oct 2019

Schlumberger NV's new chief executive wielded an axe to the company's asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.

As 'Cannabis 2.0' kicks off in Canada, industry strangled by limited retail outlets

17 Oct 2019

A year after Canada legalized use of recreational marijuana cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. | Video

RPT-As 'Cannabis 2.0' kicks off in Canada, industry strangled by limited retail outlets

17 Oct 2019

Oct 17 A year after Canada legalized use of recreational marijuana cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride.

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