oil and gas
oil and gas Articles
Steel pipe producer IPSCO Tubulars intends to sell more than 23 million shares priced to result in an initial public offering valued up to about $615 million.
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Quintana Energy Services intends to price more than 9 million shares for an initial public offering valued up to more than $159 million.
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Drilling equipment maker Cactus intends to price more than 21 million shares so that its initial public offering is valued up to more than $468 million.
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The U.S. onshore oil rig count jumped by 12 this week, following a drop of 10 last week and a gain of 10 the week before. Crude prices rose to around $66.18 following the report from Baker Hughes.
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The weekly report on U.S. natural gas storage showed a larger-than-expected withdrawal last week. That has pushed prices up slightly on the NYMEX.
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The January 12 short interest data have been compared with the previous figures, and short interest in these selected big oil stocks increased.
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Even though U.S. crude oil declined by a smaller-than-expected amount, prices rose to more than $65 a barrel for WTI.
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The Merrill Lynch analysts remain positive on the U.S. land-based oilfield services companies, and three are top picks for investors now.
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Fracking services provider FTS International expects to price its more than 15 million shares so that its initial public offering is valued up to more than $313 million.
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The largest oil refiner on the East Coast filed for bankruptcy protection over the weekend. Philadelphia Energy Solutions' two plants have a capacity to refine 335,000 barrels a day of crude oil.
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Oilfield services firm Halliburton beat earnings and revenues estimate, excluding a charge for its Venezuelan business and the recent change in the tax law. The CEO is optimistic about the current...
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Texas recovered handily in 2017, even considering the big impact of Hurricane Harvey. And now the Texas economy is looking up for even better growth in 2018.
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The number of U.S. land-based rigs drilling for oil fell by 5 during the week, giving back half the rigs added in the prior week.
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Diversified oilfield services provider Quintana Energy Services has amended its filing with the SEC regarding its initial public offering.
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Oilfield services giant Schlumberger reported profits and revenues that beat expectations for both the fourth quarter and the year. Investors were still not impressed.
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