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Slumping Quant Score Keep Schlumberger (SLB) a Sell

2017-11-17 investorplace
Schlumberger NV (NYSE:SLB) is a constituent of the 73 company Energy Equipment & Services GICS industry group, which is a segment of the 363 company GICS Energy sector. The market value of SLB is $91.1 billion which falls in the top 10% of its industry group. The current Portfolio Grader ranking for SLB puts it 54 among the 73 companies in this industry group, giving it a lower than average position; squarely in the bottom quartile of the sector with a ranking of 292 among the 363 companies in the sector, and number 3,827 in the nearly 5,000 company Portfolio Grader universe. (2-0)

Schlumberger's Operations in Ecuador Face Financial Crunch

2017-11-17 zacks
Schlumberger Limited (SLB - Free Report) has stated that Ecuador's government has failed to accede with a payment agreement of $350 million, which was a portion of $850-million debt. The operations of the largest oilfield service player in the Andean nation is hampered. In November, Ecuador had agreed to discharge its debt with the oil company in tranches but failed to fulfill its obligation. Petroamazonas, a state oil company, was supposed to make the payment. (12-0)

Baker Hughes, *Cough* a GE Company *Cough, Cough* - Bloomberg Gadfly

2017-11-16 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (43-0)

Libya's NOC opening U.S. purchase office as it pursues Trump support

2017-11-15 reuters
HOUSTON, Nov 15 (Reuters) - Libya’s National Oil Corp plans to open a U.S. procurement office, its first international facility since a 2011 revolt left the country in disarray, to expand suppliers and convince the Trump administration to support its oil sector. (3-0)

Also at Play in Oil Rebound: American Wildcatters Show Restraint - WSJ

2017-11-15 wsj
Oil traders and analysts have traced the market’s recovery to signs of tighter supply and a return of geopolitical tensions. (89-0)

Cenovus (CVE) Sells Weyburn Assets to Whitecap Resources

2017-11-14 zacks
Cenovus Energy Inc. (CVE - Free Report) recently agreed to divest its carbon dioxide enhanced oil recovery operation, Weyburn oil facility in Saskatchewan for C$940 million ($738.53 million) to Whitecap Resources Inc, based in western Canada. The sale of the oil facility, whose current production capacity is 11,500 barrels of oil equivalent per day, is expected to be completed by the fourth quarter of 2017. (45-0)

Venezuelan oil output heads to 29-year low as cash crunch grows

2017-11-11 worldoil
HOUSTON and NEW YORK (Bloomberg) -- Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. (12-0)

Venezuelan Oil Output Heads to 29-Year Low as Cash Crunch Grows

2017-11-10 rigzone
(Bloomberg) -- Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. (12-0)

Schlumberger (SLB) a Sell on Sinking Quant Score

2017-11-10 investorplace
Schlumberger NV (NYSE:SLB) is classified as a constituent of the 73 company Energy Equipment & Services GICS industry group, which is a segment of the 363 company GICS Energy sector. SLB has a market value of $88.1 billion which is in the top 10% of its industry group. The current Portfolio Grader ranking for SLB puts it 63 among the 73 companies in this industry group, a spot that is well below-average; squarely in the bottom quartile of the sector with a ranking of 319 among the 363 companies in the sector, and number 4,255 in the nearly 5,000 company Portfolio Grader universe. (2-0)

[Press] Increase the Cost of Oil Production Level Restrains the Oilfield Stimulation Chemicals Market Growth

2017-11-09 oilvoice
The global oilfield stimulation chemicals market is growing at a significant pace. This growth can be attributed to reasons such as opportunity towards the progressions in the area of iron control agents, focus on providing cost-effective and better results at lesser quantity and launching of new products in the global market. However, there are certain restraining factors in the global oilfield stimulation chemicals market. (64-0)

[Press] Oilfield Services Market: Increasing Consumption of Oil & Gas Resources Drives the Global Industry

2017-11-08 oilvoice
According to the report, the global oilfield services market accounted for USD 102.08 billion in 2016 and is expected to reach USD 127.31 billion by 2022, growing at a CAGR of 3.8% between 2017 and 2022. The report covers forecast and analysis for the oilfield services market on a global and regional level. The study provides historic data of 2014 to 2016 along with a forecast from 2017 to 2022 based on revenue (USD billion). (41-0)

Rising Tides Lift Weatherford

2017-11-07 seekingalpha
It has cash of more than $400MM and the SLB JV could add another $535MM to its balance sheet. (2-0)

5 Oil Stocks That Are On Fire Right Now (and 2 ETFs)

2017-11-06 investorplace
U.S. equities are pushing higher on Monday on M&A hype in the semiconductor space, but the single most interesting move underway is in the energy sector. (49-0)

[Press] Oilfield Services Global Market Gains from Focus on Adoption of New Sources 2014 - 2025

2017-11-06 oilvoice
Radiant Insight Announce Addition of New Report “Oilfield Services Market Analysis By Application, By Service (Workover & Completion, Production, Drilling, Subsea, Seismic), By Type, By Region (North America, Europe, Asia Pacific, MEA, CSA), And Segment Forecasts, 2014 - 2025” Description The global oilfield services market is expected to be valued at USD 139.1 billion by 2025, according to a new report by Grand View Research, Inc. (37-0)

Saudi Aramco Contractor Arkad Forms Oil, Gas Venture With ABB

2017-11-06 rigzone
(Bloomberg) -- Saudi energy services company Arkad, which is building a nationwide pipeline network for oil giant Saudi Aramco, will expand outside the kingdom in a venture with ABB Ltd. that opens the doors to business in North Africa and the Gulf region. (45-0)