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Leading oilfield services companies Schlumberger (SLB +8.1%), Halliburton (HAL +6.2%) and Baker Hughes (BKR +4.7%) all closed at multiyear highs Monday, leading the energy sector as WTI crude oil closed at its highest front-month contract finish since September 2008 after setting an overnight...
The Ukraine and Russian situation creates substantial uncertainties in the global energy market. Investors will need to know its different impacts on different energy segments and stocks to navigate the investing landscape. Integrated players with an emphasis on production, such a...
Schlumberger’s cloud-based solutions have the potential to digitally transform worldwide reservoir engineering modeling to achieve vast increases in innovation, efficiencies, and performance Schlumberger today announced an enterprise-wide deployment of the cloud-based...
The market’s largest two energy exchange traded funds, Energy Select Sector SPDR ETF (NYSEARCA:XLE) and the Vanguard Energy ETF (NYSEARCA:VDE), have hit record trading highs as crude oil (CL1:COM) prices march upward, touching $116.57 a barrel on Thursday, a 13 year plus high. XLE topp...
DELFI, Schlumberger's SaaS solution will allow the company to enter the new era of the industry and capture a larger share of the client's capital spending. Global E&P capital spending to increase due to the high oil prices and the need to lessen the global reliance on Russian oil...
At least seven major oil and gas stocks have hit fresh 52-week highs Wednesday, as energy (XLE +2.6%) battles with the financials group for the top of the day's S&P sector leaderboard with crude oil remaining elevated by continued support from geopolitical uncertainty. Chevron (CVX +3.3%)...
Schlumberger (SLB -2.7%), Halliburton (HAL -3.4%) and Baker Hughes (BKR -3.2%) all turn sharply lower following reports from J.P. Morgan Chase and Citigroup that say earnings for the oilfield service providers likely will be impaired from working in Russia; ETF: OIH As reported by Bloomberg, ...
The Ukraine crisis divides the oil and gas space into two halves, Russian and non-Russian. Investors should invest accordingly. Possible expansion of the scope of sanctions in the near term and new geopolitical reality in the long run make the Russian oil and gas stocks into possible ...
Although soaring oil and gas prices are expected to drive the demand for the oil and gas equipment and services industry, several supply-related challenges could mar the industry’s growth. TechnipFMC (FTI) looks overvalued now, given its weak financials. However, we think investors cou...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips One of the key asset classes that many expected to benefit from the ongoing tensions between Russia and Ukraine has been commodities. In particular, oil has been predicted to possibly outperform in these uncertain times. Ho...
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Regulatory News: SLB (NYSE: SLB) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris. Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, give...
Long-term partnership will digitally transform Aker BP’s subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/n...