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 $6.0 MILLION ANNUAL REDUCTION IN OVERHEAD COSTS.ALL FIGURES IN C$.
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.
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.
Oct 30 (Reuters) - Seamec Ltd ::Says board discussed restructuring arrangement with HAL.
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.
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.
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.
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.