Oilfield service shares rallied Monday as higher crude-oil prices gave investors reason to add to their bets on the sector.
Oil prices rose on what the market saw as a modest production increase from Saudi Arabia and concerns that output from Nigeria will decline. Light, sweet crude for August delivery rose $1.38 to settle at $136.74 […]

Tuesday, June 24th, 2008

Halliburton Co. shares raced to a new record high as oil prices climbed and the oilfield service provider walked away from an offer to buy Expro International Group PLC.
The stock rose more than 5 percent at one point in the session, touching a high of $52.84, before moving back to $52.50, up $2.45 in afternoon […]

Tuesday, June 24th, 2008

Goldman Sachs upgraded the oilfield services sector to “Attractive” from “Neutral,” predicting strong profit growth due to greater drilling activity and high oil prices.
Analyst Charles Minervino expects earnings to grow in the double digits through 2011 as high oil prices lead to more rapid rig construction, and both drilling activity and the rates oil companies […]

Friday, June 20th, 2008

Private equity consortium Umbrellastream Ltd., led by U.K.-based Candover Group, increased its cash offer for oil and gas services company Expro International Group PLC to $3.5 billion. Expro shareholders already approved Umbrellastream’s earlier offer that valued the company at about $3.4 billion.

Halliburton Co., the Houston-based energy company, has been trading bids for the same British oil […]

Saturday, June 14th, 2008

Oilfield services company Halliburton Co. made a conditional bid of $3.36 billion for U.K.-based competitor Expro International Group PLC. The all-cash bid of $30.14 per share tops the $28.36 per share offer made in April from a consortium led by Candover Partners Limited, valuing the company at $3.16 billion.

Halliburton said it considers Expro’s subsea and flow […]

Saturday, May 24th, 2008

A Lehman Brothers analyst raised his price targets on 37 companies in the oil services and drilling sector, seeing a strong recovery in 2008 and 2009 for North American natural gas drilling along with significant international growth over the next few years.
Analyst James Crandell’s top picks in the sector are Weatherford International Ltd., Halliburton Co., […]

Wednesday, May 21st, 2008

Oilfield services company Halliburton Inc. is expected to decide this week if it will launch a $3.5 billion counteroffer for its U.K. rival Expro International Group PLC, according to the Daily Telegraph. Halliburton has been conducting due diligence on the company since Expro agreed to accept a $28-per-share takeover offer from a consortium made up […]

Tuesday, May 20th, 2008

Schlumberger opened the earnings season for the oilfield services sector with higher profit that nonetheless missed Wall Street forecasts. Income in the January-March quarter was $1.34 billion, or $1.09 a share, compared with $1.18 billion, or 96 cents a share, in the 2007 period. Revenue rose to $6.29 billion from $5.46 billion.
On average, analysts surveyed […]

Saturday, April 19th, 2008

Halliburton Co. is thinking about buying U.K.-based Expro International Group PLC in an all-cash deal. Halliburton confirmed talks with Expro after a private equity consortium led by London-based Candover Group said it will buy Expro for $3.2 billion. In a statement, Halliburton said its cash offer would top Candover’s but gave no specifics.

Expro provides services and products […]

Saturday, April 19th, 2008

Press conference held in September 2005, featuring CFMEU State Secretary Martin Kingham, addressing the coercive laws granted to the Australian Building Construction Commission.
[Producer: Anthony Snowden]Viewed: 461 timesLength: 05:35

Wednesday, March 5th, 2008

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