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Halliburton feels U.S. fracing slowdown more acutely

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By David Wethe and Rachel Adams-Heard on 1/22/2019 Photo: Halliburton fracturing truck fleet. HOUSTON (Bloomberg) — The world’s biggest oilfield service companies are feeling the U.S. fracing slowdown as shale producers slash spending forecasts. But Halliburton Co. may be bearing the brunt of the pain while arch-rival Schlumberger Ltd. benefits from its bigger internationally footprint. Read More

Transocean Ltd. Announces Fourth Quarter and Full Year 2018 Earnings Release Date

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STEINHAUSEN, Switzerland, Jan. 22, 2019 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter and full year of 2018, on Monday, February 18, 2019, following the close of trading on the NYSE. The company will conduct a teleconference starting at 9 a.m. EST, 3 p.m. CET, Read More

Halliburton sees downward pressure on fracing business

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By David Wethe on 1/22/2019 HOUSTON (Bloomberg) — Halliburton forecast a drop in fracing earnings in the first quarter as the world’s second-largest oilfield services company announced a cut in capital expenditure to match a more disciplined approach from customers.  While there should be a modest improvement in actual fracing activity during the period, the Read More

SDLP – Seadrill Partners LLC Reduces Quarterly Cash Distribution to 1 cent per unit

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London, United Kingdom, January 22, 2019 – Seadrill Partners LLC (NYSE: SDLP) (“Seadrill Partners” or the “Company”) announces today that it will reduce the quarterly distribution to its common unitholders from 10 cents per unit to 1 cent per unit. The move reflects the slower than anticipated recovery in dayrates and the Company’s desire to Read More

As China's economy falters, some fund managers look to bonds

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HONG KONG/SHANGHAI (Reuters) – Despite mounting signs of a Chinese economic slowdown, 2019 is off to a good start for fund manager Du Zhenye. FILE PHOTO: An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. REUTERS/Jason Lee His Shanghai-based ChangAn Xinyi Enhanced Mixed Fund has increased Read More

BHP has reported its second-half 2018 operations review

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1/21/2019 HOSUTON — Below are the highlights of BHP’s second-half 2018 upstream operations review: Full year unit costs for all major assets are expected to be in line with guidance(2), predominantly reflecting stronger anticipated volumes in the second half of the year. However, unit costs were tracking above full year guidance at the December 2018 Read More

High Speed Transfers, Damen have agreed to third FCS 2710 vessel

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1/21/2019 Photo: Tom Nevin (left), managing director, High Speed Transfers and Arjen van Elk (right), sales manager, Damen Shipyards Group. GORINCHEM, The Netherlands — Damen and High Speed Transfers Ltd (HST) have signed a contract for a third FCS 2710 fast crew supply vessel, for delivery in September this year. The FCS 2710 is the Read More

EMGS: Multi-client revenues from the APA 2018 awards

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On 15 January 2019, the Norwegian Ministry of Petroleum and Energy (the “MPE”) announced the awards of new production licenses through the Awards in Pre-defined Areas (APA 2018) licensing round. Based on the offered awards, Electromagnetic Geoservices ASA (the “Company” or “EMGS”), expects to realise net uplift revenues of approximately USD 2 million. The APA Read More