Halliburton, Baker Hughes Beat Profit Estimates as International Demand Offsets Weak N. America
to $2.7 billion, while that from international operations climbed 7% to $3.1 billion from first quarter. Halliburton beat analysts' estimate by 2 cents at 77 cents per share for the three months ended June 30, while Baker Hughes topped estimates by 6 cents per share at 39 cents, according to Refinitiv data. Baker Hughes, a major equipment supplier for liquefied natural gas projects, said it expects the LNG market to exceed 65 million tons per annum (MTPA) of final investment decisions this year and next, on solid demand growth led by Europe and Asia. (Reuters - Reporting by Arathy
Safety Concerns: Norway Inspects Europipe II Subsea Gas Pipeline to Germany
at onshore gas processing plants after the Sept. 26 Nord Stream blasts.The Havila Subsea, an oil service vessel equipped with remotely operated subsea vehicles, was deployed on Oct. 5 to survey the Europipe II pipeline that runs from the Kaarstoe gas plant in Norway to Dornum in Germany, Refinitiv vessel-tracking data shows. Jostein Alendal, chief executive of Reach Subsea, which operates Havila Subsea, told Reuters the inspection was ordered by Equinor, which carries out pipeline inspections on behalf of offshore gas system operator Gassco."For security considerations, we cannot
Aker BP Q1 Swings to Record Operating Profit
on higher prices and production on Wednesday as the independent oil and gas producer looks to approve several developments this year.Earnings before interests and tax (EBIT) of $591 million contrasted with a loss of $266 million a year earlier and was close to the $596 million expected by analysts in a Refinitiv poll."This is a strong quarter with good production and on-track oilfield developments, and the cash flow is record high," CEO Karl Johnny Hersvik told reporters."The cost measures we've been working on for a while are really starting to gain traction," he said.Production
Israel Says It Tracked Down the Ship Linked to Recent Oil Spill
to the shipping database Equasis. Reuters was not immediately able to reach the company for comment.Gamliel said the vessel turned its tracking devices back on again upon reaching Syria on Feb. 3, where she said it unloaded crude oil. It then returned to Iran, where it is currently anchored, she said.Refinitiv ship tracking data showed the vessel reported a destination of Sohar in Oman, across the Gulf of Oman from Iran, on Jan. 20, meaning it was around Iran's coast at that time.The ship tracking data did not show any destinations in Iran, though it is common for vessels to conceal their movements
TGS Q4 Revenue Misses Forecast
Norway's TGS, a supplier of seismic data to the global oil industry, reported lower-than-expected fourth-quarter revenue on Thursday.So-called net segment revenue hit $230 million for the October-December period, while analysts on average had expected revenue of $257 million, according to forecasts published by Refinitiv.TGS did not provide a year-ago comparison for the fourth quarter, but said full-year revenue was up 16.2% from 2018 and that the sales outlook for the first quarter of 2020 was "promising".(Reporting by Terje Solsvik; Editing by Himani Sarkar)
TGS Posts Record Q3 Revenue
now extremely pleased to be able to deliver our best third-quarter sales performance ever, and the second-best quarter in TGS history, with pro-forma net revenues coming in above both our own internal expectations and the average analyst estimate of $263 million," it said.Forecasts published by Refinitiv separately confirmed the average expectation among analysts of $263 million.The company did not provide a year-ago comparison.(Reporting by Terje Solsvik, Editing by Gwladys Fouche and Muralikumar Anantharaman
Aker Solutions Beats Forecasts
in oil prices that prompted companies to curb offshore projects.Earnings before interest, tax, depreciation and amortization (EBITDA), excluding one-offs, rose to 629 million crowns ($73 million) from 441 million crowns a year earlier.That beat the 585 million crowns expected by four analysts in a Refinitiv poll."There is still a lot of capacity available in some areas, not all," Chief Executive Luis Araujo told reporters."We try not to focus on the pricing, but focus on things we can control, which is the cost base and efficiency," he said.Its EBITDA margin, excluding IFRS 16
Schlumberger Sees International Growth in 2019
in 2019.Schlumberger reported fourth-quarter net income of $538 million, or 39 cents per share, compared with a loss of $2.26 billion, or $1.63 per share, a year earlier.Excluding one-time items, the company earned 36 cents per share, in line with analysts' estimates, according to IBES data from Refinitiv.Revenue was flat at $8.18 billion, compared with a year earlier, but beat the average analyst estimate of $8.04 billion.(Reporting by John Benny in Bengaluru; Editing by Arun Koyyur and Jeffrey Benkoe
February 2024
