Mutual Funds &Personal Finance Aug 22, 2008
The co-founder and portfolio manager of Boston-based Capital Growth Management loaded up his funds with new positions in steel producers, miners, oil equipment, explorers and producers in the second quarter ended June 30, according to an SEC filing submitted Aug. 15 ... He added considerably to stakes in oil equipment and service providers: Halliburton, () Nabors Industries () and National Oilwell Varco, () and to U.K. mining giant Anglo American. (Investors Business Daily)
St. Mary looking for more oil revenue Aug 19, 2008
Mask said the company s strategy includes locating oil equipment and determining whether it is subject to ad valorem property tax, value it, map it and then provide the information to the parish assessor s office. The first step to this method includes setting up a global positioning satellite system for all oil wells and operations in the parish. (New Iberia, LA)
Offshore Oil Drilling: Cleaner than Mother Nature Jul 28, 2008
John Peterson (R Pennsylvania) proposes new drilling, but at least 50 miles offshore, well past the 12-miles beyond which the horizon hides oil equipment from the eyes of surfers and beachcombers. At 50 miles, moreover, spills that might occur would be as far from shore as Philadelphia is inland. (Human Events Online)
Obituaries for Tuesday, June 24, 2008 Jun 24, 2008
He worked for Clark Oil Co., Kwik Trip Inc., and later for Oil Equipment as a maintenance and installation manager. Pat was known as everyone s handyman. (La Crosse Tribune, WI)
Nigerian security operatives launch manhunt for militantsLagos, Nigeria (PANA) - Security operatives in Nigeria's restive Niger Delta region may have begun a manhunt for the militants behind the unending spate of attacks on oil installations in the region, the Punch newspaper reported Sunday. 22/06/2008 Full Text... Jun 22, 2008
YarAdua, embarrassed by the incessant attacks on the oil facilities in the regi on despite his peace efforts, said Friday that his government would no longer to l erate criminality in any form, the paper reported, adding that the President wan t ed the JTF to "uncover the identities of those hiding under the cloak of Niger D e lta struggle to inflict willful damage on the oil equipment in the region". YarAdua reportedly warned the JTF not to allow further attacks on the oil facil ities in any... (Panapress.com)
Huge hole swallows truck May 10, 2008
A sinkhole in Texas began as cracks in the road but soon grew to 90 metres across and swallowed an 18-wheeler truck and oil equipment. Hugh Bishop, of Liberty County Sheriffs Department, said no homes had been evacuated, and schools and business remained open. (BBC News)
Giant sinkhole swallows oil equipment in southeastern Texas May 8, 2008
Thursday, May 08, 2008. DAISETTA, Texas (AP) -- A large sinkhole swallowed up oil field equipment and some vehicles Wednesday in southeastern Texas and continued to grow. (Erie Times-News, PA)
Traders Frown on Fed, Earnings Apr 9, 2008
Sign up now for FREESmartMoney. com Newsletters Enter your email address below. (SmartMoney)
Hanwei announces fiscal 2007 financial results Apr 4, 2008
The oil equipment industry in China typically has long collection cycles. The Company will continue to diversify its customer base. (Canada Newswire)
Sector movers: Marston's margins under pressure Apr 4, 2008
12% Oil Equipment Services ibution 15,531. 90 +0. (ShareCast)
Turbines Propel GE to Profit Target Jan 19, 2008
GE said its infrastructure profit grew 26% in the fourth quarter as customers snatched up locomotives, gas and oil equipment, jet engines, and wind turbines. "Global demand for our technology continued, driving highly visible growth in orders and backlog," said Chief Executive Jeff Immelt. (SmartMoney)
Libya takes charge of UN council Jan 5, 2008
The Security Council voted in 2003 to lift decades-old sanctions against Libya that had included a ban on military sales and some oil equipment after the 1988 bombing. The sanctions already were suspended in 1999, after Libya agreed to hand over two suspects for trial. (Yahoo News -- Politics)
Market Report: Carphone rung up as suitors prepare to call Jan 5, 2008
The oil equipment and services companies flew the flag for the industry yesterday, with Petrofac rising 1. 9 per cent to 581p. (Independent)
Read more. . Nov 5, 2007
A spokesman for I.E. Miller, an oil equipment moving company, said the incident occurred around 10:30 a.m.. He got between the truck and the trailer when the truck was backing up for the workers to unload the trailer. (Williston Daily Herald, ND)
China stocks up 2.6% as IPO money floods back Sep 29, 2007
64 percent on Friday, boosted by the return of money from a huge IPO and by a spectacular listing by drilling and oil equipment firm China Oilfield Services. The Index ended the day at 5,552. (Xinhuanet, China)
Dog Days of Summer Sep 7, 2007
We would, however, keep exposure to iShares Dow Jones U.S. Oil Equipment ces ETF () ... You Are Viewing: ETFs That Withstood the Summer Heat (Van Eck Market Vectors Steel, iShares FTSE/Xinhua China 25, PowerShares Golden Dragon Halter USX China, PowerShares WilderHill Clean Energy, iShares Dow Jones U.S. Oil Equipment, IShares Dow Jones U.S. Home Construction, SPDR Sbuilders). (SmartMoney)
Debate weighs views on coal, oil Aug 29, 2007
Halliburton, the worlds largest supplier of oil equipment and services, moved headquarters from Houston to Dubai. An arm of the giant does Army KP, construction and other work under U.S. contract in Iraq. (Charleston Gazette, WV -- Business)
Avalon Board of Directors Approves Exclusive Licensing Agreement Aug 20, 2007
Oiltek will leverage Avalon s network of industry partnerships with oil equipment service providers and system integrators to execute marketing and distribution agreements. About Avalon Oil & Gas, Inc.. (BusinessWire)
Curtiss-Wright Facility Featured on The History Channel Aug 11, 2007
Documentary: Mega Movers Giant Oil Equipment. ROSELAND, N.J., Aug. 10 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: - ) announced today that its Houston-based oil and gas business TapcoEnpro International (TEI) is featured in a documentary to be aired on The History Channel Saturday, August 11th, at 9:00am EDT. The segment is titled "Mega Movers Giant Oil Equipment." TEI is part of Curtiss- Wright's Flow Control segment. (Yahoo! Wire -- Entertainment News)
Thursday's Stocks to Watch Jul 26, 2007
The Houston-based oil equipment and services company said revenue in the three months ended June 30 rose to $522. 2 million from $431. (Fox News)
Exchange-traded fund reports offer valuable clues Jun 10, 2007
Rounding out the three-month top-ten returners were ETFs tracking Latin American stocks (34 percent), basic materials (33 percent), metals and mining (30 percent), oil services (29 percent), oil equipment (29 percent), energy exploration (29 percent), and Mexican stocks (30 percent). Taking a longer view, over the past year, Mexican stocks led the list with a 71 percent return, followed by ETFs tracking stocks in Malaysia (64 percent), Singapore (62 percent) and an overall Latin American index... (San Francisco Chronicle -- Business)
Nasty Correction Looms Mar 24, 2007
What we saw this week: Halliburton (nyse: - - ), the mega oil equipment and services company, issued a profit warning that trimmed the stock and markets' gains on the news. Technology bellwethers Oracle (nasdaq: - - ) (whose growth by acquisition model seems to be working) and Adobe (nasdaq: - - ) (whose jump in first-quarter profits was mainly attributable to managing taxes against the backdrop of flagging sales) gained ground on higher profit and revenue, setting the tone for a higher NASDAQ.. (Forbes)
Street: Imperial New Year Jan 7, 2007
" It curries reactionary Caucasian favor by announcing that the reservoirs of white guilt are now thoroughly exhausted and by claiming that blacks have movedinto the American socioeconomic mainstream a curious argument in a time when blacks are less than a tenth as wealthy as whites. Speaking of being ideological, Obamas book declares that America owes its unmatched greatness to its gloriously efficient and innovative capitalist system of... (Zmag.org)
Bad advice shrivels nest eggs Dec 31, 2006
Simon had to sell his condominium on southwestern Louisiana's Vermilion Bay and go back to work - this time hauling oil equipment to distant cities on a used truck. "That's my epitaph: 'This guy was stupid,'" said Simon, sitting at the kitchen table of his home in Vermilion Parish, deep in Cajun country. (Sunspot.net -- Business)
Former Governor Among Three New Trustees at Samford University Nov 29, 2006
Trustees reelected to additional four-year terms expiring in 2010 include David Belcher, president, Royal Automotive, Inc., Birmingham; John E. Bell Jr., CEO, Oil Equipment Company, Inc., Birmingham; Harry B. Brock III, president, Express oil Development Co., Birmingham; Michael P. Dunn, managing director, Merchant Capital LLC, Montgomery; C. Thomas Houser, chief operating officer, BAE Systems Analytical Solutions, Inc., Huntsville; Charles W. Lancaster, president, Lancaster Management, Inc.,... (WSJA.com, AL)
THE NEVADA VOTE Oct 13, 2006
Before it merged with Eaton, Pinoak tried to merge with Lanzhou Lantong Petro Machinery Forging Co., a Chinese oil equipment company, and with Global H2O Resources, a British Columbia company that buys and ships fresh water. Both fell through because they failed to produce audited financial statements, according to company filings. (Las Vegas Sun)
Wednesday's ETF Winners & Losers Oct 12, 2006
The iShares Dow Jones U.S. Oil Equipment Index ( - - ) ETF was falling by 2. 5% to $39. (TheStreet.com)
FAULCONERS EARN T.B. BUTLER AWARD Oct 4, 2006
A philanthropist and humanitarian, Faulconer began his career in the oil equipment salvage business in Kansas in 1960. He moved to Tyler in 1970. (Tyler Morning Telegraph, TX)
Dow closes at all-time high Oct 4, 2006
The Dow Jones Oil Equipment and Services Index is now in negative territory for the year, having gained as much as 34 per cent from January to May. Copper and gold prices also slid further, dragging down mining stocks. (FT.com -- Markets)
Standard & Poor's Announces Changes to U.S. Indices Sep 28, 2006
Following is a summary of the changes: SINDEX - September 29, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Wachovia Corp. Financials Diversified Banks DELETED Unisys Corp. Information Technology IT Consulting Services SINDEX - September 29, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Smith International Energy Oil quipment ces DELETED Golden West Financial Financials Thrifts age Finance SAP 400 INDEX - September 29, 2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY... (PR Newswire)
Confront defiance Sep 21, 2006
U.N. sanctions on air travel and sales of arms and oil equipment to Libya, for example, helped prod that country to hand over terrorists for trial and eventually to abandon its weapons programs. For Security Council members, the only sensible response to Mr. Ahmadinejad's defiance is to follow through on their resolution. (Orlando Sentinel -- Opinion)
Dow Closes Up 83, Nasdaq Finishes Up 9 Sep 4, 2006
Oil prices, which retreated earlier in the week after Tropical Storm Ernesto moved away from oil equipment in the Gulf coast, again slipped below $70 a barrel, in part as a U.N. deadline regarding Iran's nuclear ambitions expired without immediate consequence. Crude oil settled at $69. (CBS New York, NY)
WHISPERS OF MERGERS SET OFF BOUTS OF SUSPICIOUS TRADING... Aug 27, 2006
In June, for example, the S.E.C. froze $1 million in trading gains of South American investors who profited on the June 12 buyout announcement of the , an oil equipment maker, by , a steel company with headquarters in Luxembourg. s June bid for the Kerr-McGee Corporation, a smaller rival, is also being investigated, according to a July 13 report in The Houston Chronicle; the transaction closed in August. (The Drudge Report)
Sino-Venezuelan cooperation beneficial for world harmony Aug 26, 2006
The two sides will carry out mutually beneficial cooperation in oil export, procurement of tankers and oil equipment, and oilfield management and operation. China and Venezuela have formed the "future-oriented strategic partnership for joint development". (People's Daily Online, China)
Oil corrosion crisis Aug 25, 2006
Dr Pike estimated that the cumulative effect of these closures could be equivalent to BP s recent shutdown at Prudhoe Bay in Alaska, which has focused world attention on the issue of corroding oil equipment and its potential to cause an environmental catastrophe. Dr Pike said: People are keeping this quiet and just getting on with it because there is an awful risk that the outside world will overreact. (TimesOnline)
Halliburton Profit Likely Rose as Gas Drilling Increased in U.S., Canada Jul 20, 2006
The oil equipment and service providers are the third-best performing group in the S&P 500 this year. KBR in Iraq. (Bloomberg -- Canada)
Levkovich: Focus on large-caps Jun 23, 2006
With the latest example of investor exuberance, the ripple effect has spread from emerging markets to derivatives of that growth, such as hard assets, engineering and construction stocks and oil equipment and services. Many people point to the growth in China and India and suggest such growth is unstoppable and these global pressures will surely create great fortunes, Mr. Levkovich said. (Globe and Mail -- Business)
Baeriana: a chat with Robert Baer Jun 22, 2006
He said the best approach would be tighter economic sanctions on Iran, blocking European countries from sending in oil equipment, and further isolating the country diplomatically. It's not in our interest to invade and the administration looks like it's sobering up, but you never know because [it] is irrational. (Harper's Magazine)
A.G. Edwards & Sons Inc. May 27, 2006
C.K. Poe Fratt, Oil Equipment, Services & Distribution, ranked No. 3 out of 45; second year. Ronald Londe, Utilities, ranked No. 2 out of 47; third year. (St. Louis Business Journal, MO)
Indians win $1.2m in US rights case May 26, 2006
2 million after finding an oil equipment manufacturer guilty of fraud, false imprisonment and civil rights violations. Federal judge Clair V Egan s ruling described an environment of threats and intimidation , daily harassment and open hostility from management at the John Pickle Co.. (India Times)
Indian workers get $1.2 mn in US May 26, 2006
Indian workers get $1. 2 mn in US : HindustanTimes. (Hindustan Times, India)
Armed Groups Propel Iraq Toward Chaos May 24, 2006
Of 21,000 guards who were supposed to be trained to protect oil equipment, for example, probably only about 11,000 received the training, the report said. And of 9,792 automatic rifles purchased for those guards, auditors were able to track just 3,015. (The Ledger)
Warm weather has hives swarming May 23, 2006
He called Don Miller, owner of Miller Beezzz & Pest Control to take care of bees on oil equipment in Odessa and Sterling City recently. I m not really sure why they re attracted to oil field equipment, Green said. (Odessa American, TX)
European STOXX 600 index rejig brings in Drax, Edison, Hagemeyer; HVB exits May 17, 2006
Eight other stocks are being added to the index: Norwegian marine transport group Acergy, Norwegian oil equipment and services group Aker Kvaerner ASA, Italian finance group Banca Italease SpA, UK industrial machinery group Charter PLC, French oil services company Generale de Geophysi, French telecoms equipment group Eutelsat Communication, UK recruitment group Michael Page International PLC and German computer services group Wincor Nixdorf AG.. Other companies leaving the index are French media... (Forbes)
Key facts about Libyan sanctions May 16, 2006
The U.N. Security Council imposed an air and arms embargo and a ban on some oil equipment on Libya in 1992 and 1993 to pressure Tripoli to hand over two Libyan suspects for trial. Sanctions were suspended when Libya turned them over in April 1999. (CNN -- World)
Barclays Launches 10 Subsector ETFs May 8, 2006
The new ETFs are: iShares Dow Jones U.S. Oil & Gas Exploration & Production (IEO), iShares Dow Jones U.S. Oil Equipment & Services (IEZ), iShares Dow Jones U.S. Pharmaceuticals (IHE), iShares Dow Jones U.S. Healthcare Providers (IHF), iShares Dow Jones U.S. Medical Devices (IHI), iShares Dow Jones U.S. Broker-Dealers (IAI), iShares Dow Jones U.S. Insurance (IAK), iShares Dow Jones U.S. Regional Banks (IAT), iShares Dow Jones U.S. Aerospace & Defense (ITA) and iShares Dow Jones U.S. Home... (SmartMoney)
City joins sales tax holiday May 3, 2006
The city council awarded Oil Equipment Company, based out of Birmingham, the bid to install a 12,000-gallon tank ... Oil Equipment Company was of four who bid on the project. (Brewton Standard, AL)
Iraq oil hit by graft and attacks Apr 26, 2006
Another problem is that it has taken longer to upgrade pipelines and other oil equipment. "We have done about 30% or 35% of what we had listed for 2005," he explained. (BBC News -- Business)
Rally Continues for Stocks Apr 20, 2006
Shares of other energy companies also climbed, with oil equipment and servicing company Schlumberger Ltd. up 5. 1 perent at $67. (Fox News)
Iraq rebuilding hobbled, U.S. report finds Jan 24, 2006
4 billion noncompetitive contract to restore oil equipment, a program that became one of the most criticized moves of the conflict partly because Vice President Dick Cheney was once the top executive at Halliburton. Until January 2003, reconstruction planning was conducted in secrecy "to avoid the impression that the U.S. government had already decided on intervention," the draft history says. (International Herald Tribune)
Seeking People to Work Down Under Jan 20, 2006
" But Diana Farrell, director of the McKinsey Global Institute, said that in fields such as engineering, the U.S. and other developed countries needed to import talent or send work overseas because universities weren't producing enough graduates to replace retiring baby boomers and fill new positions. Security measures imposed after 9/11 also have made it more difficult for foreign workers to come to this country and have led some foreign-born professionals to leave the United States. After... (Los Angeles Times)
Oil nears 31/2-month high in London Jan 17, 2006
Crude oil approached a 31/2-month high in London yesterday as rebel attacks on oil equipment escalated in Nigeria and diplomats worked on a timetable to refer Iran to the United Nations over its refusal to abandon nuclear research. Disruptions to output in Nigeria, Africa's largest oil producer, and possible U.N. sanctions against Iran, the world's fourth-largest exporter, highlight the vulnerability of world supply as demand grows, said Mike Wittner, the London-based head of energy market... (Philly.com -- Business)
