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756p (+15p) Hunting's global reach has always been among its chief attractions, in our view. And it was on show yesterday, when the oil and gas services group posted an update ahead of its half-yearly results in August. Thanks to its international
With five points, Schlumberger finishes in the middle of the pack. The oil services company is at the top of its industry, and while there may be storm clouds on the horizon, things are good for the energy business right now. When people think of
And because only one of the 11 fields that the Iraqis auctioned off went to an American oil company Exxon Mobil it also seemed as if few petroleum benefits would flow to the country that took the lead role in the war, the United States. The auction'
Two important pieces recently appeared to increase the enormous interest being generated in shale oil one a research report from Morgan Stanley and an in-depth piece by the New York Times. Both pieces point investors in one common direction towards
Abraaj Capital, a Dubai-based private equity firm managing $6.2 billion, said it may invest in logistics and oil service industries after concluding a $540 million purchase of a stake in a credit card processor. Abraaj is also ready to pull out of a
Mar 2011 Topaz poised for $1.7bn IPO Text size Wednesday, Mar 16, 2011 , the Dubai-based oil services company, will attempt to raise $500m (£311m) from a London flotation next month to fund expansion into deepwater services. Shares in the
The moratorium on deepwater drilling in the Gulf of Mexico in the wake of the Deepwater Horizon oil spill ended back in October of 2010. Since then, the two companies, Ensco and Hornbeck (HOS ( HOS )),that sued the government, fearful of the damage
The Economic Monitor Subscribe to The Economic Monitor to get the day's most relevant news, data and anlaysis . Sample West Texas Intermediate (WTI) oil is trading at a significant discount to Brent crude, the latter of which is used to price two-
Photograph Michael St Maur Sheil/Corbis The oil services firm Wood Group has emerged as a potential takeover target after the company sold a division to the US group GE for £1.7bn, raising the prospect of a flurry of deals in the booming sector...
General Electric is to buy a unit of British energy services firm John Wood Group for about $2.8 billion, the latest move by the largest US conglomerate to boost its presence in oil services. GE's acquisition John Wood's well support division raised