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Oil Related Services and Equipment

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Gemini Reports Q3 Net Loss Per share Of C$0.04

Wednesday, 29 Nov 2017

Nov 28 (Reuters) - Gemini Corp ::GEMINI REPORTS THIRD QUARTER 2017 RESULTS.Q3 REVENUE FELL 34 PERCENT TO C$14.6 MILLION.QTRLY NET LOSS PER SHARE $‍0.04​.‍DECISION HAS BEEN MADE TO IMMEDIATELY ENTER INTO A CORPORATE RESTRUCTURING PROCESS​.GEMINI - ‍RESTRUCTURING WILL INCLUDE CHANGES TO EXECUTIVE LEADERSHIP TEAM & REDUCTIONS IN PERSONNEL RESULTING IN $6.0 MILLION ANNUAL REDUCTION IN OVERHEAD COSTS​.ALL FIGURES IN C$‍​.

General Electric CEO Flannery plans to focus on GE’s aviation, power, health-care divisions- WSJ‍​

Monday, 13 Nov 2017

Nov 13 (Reuters) - :General Electric CEO Flannery plans to unveil road map monday to focus on GE's aviation, power, health-care divisions- WSJ, citing a source ‍​.General Electric CEO CEO will look to exit most of the rest of GE's operations - WSJ, citing a source‍​.CEO says company plans to eventually shed its majority stake in Baker Hughes - WSJ.

HNZ Group Inc. to be acquired by president and CEO Don Wall and Phi Inc.

Tuesday, 31 Oct 2017

Oct 31 (Reuters) - HNZ Group Inc. :HNZ Group Inc. To be acquired by president and CEO don wall and Phi, Inc..HNZ Group Inc. - ‍shareholders to receive cad$18.70 in cash per share​.HNZ Group Inc. - ‍arrangement values HNZ at approximately CAD$242.4 million​.HNZ Group - CEO ‍Don Wall, through a wholly-owned acquisition co, to acquire all of issued and outstanding common and variable voting shares of co.Says ‍arrangement has also been approved unanimously by board of directors of Phi​.HNZ Group-under deal, Phi to acquire from canadian purchaser part of Co's offshore business in New Zealand, Australia, Philippines, Papua New Guinea​.HNZ Group-‍termination fee of C$6.5 million payable to Phi & expense reimbursement fee of up to C$1 million payable to canadian purchaser in some circumstances​.HNZ Group Inc. - ‍acquisition to occur by way of a statutory plan of arrangement.

Seamec says board discussed restructuring arrangement with HAL

Monday, 30 Oct 2017

Oct 30 (Reuters) - Seamec Ltd ::Says board discussed restructuring arrangement with HAL.

Halliburton qtrly ‍posts Q3 income from continuing operations of $0.42 per diluted share​

Monday, 23 Oct 2017

Oct 23 (Reuters) - Halliburton Co :Halliburton Co qtrly ‍income from continuing operations of $0.42 per diluted share​.Halliburton Co - ‍Drilling and evaluation revenue in Q3 of 2017 was $1.9 billion, an increase of $82 million, or 4%, from Q2 of 2017​.Halliburton Co - Qtrly ‍total company revenue was $5.4 billion, representing a 10% increase compared to Q2 of this year​.Halliburton Co - "‍Outside North America, our conservative outlook for last several quarters is proving accurate​".Halliburton Co - ‍Completion and production revenue in Q3 of 2017 was $3.5 billion, an increase of $405 million, or 13%, from Q2 of 2017​.Halliburton Co - ‍International revenue in Q3 of 2017 was $2.3 billion, a 4% increase sequentially​.Q3 earnings per share view $0.37, revenue view $5.35 billion -- Thomson Reuters I/B/E/S.Halliburton Co - ‍"Our international business proved resilient in a challenging environment​" in the quarter.Halliburton - ‍Qtrly operating income was driven by strengthening conditions in North America & improvement in drilling & evaluation product lines​.

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 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​.

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