Oil & Gas Equipment & Services

Oil drilling equipment maker FMC Technologies (FTI) announced that it has won a supply contract from Statoil ASA (STO). The deal price is valued at $75 million. Per the deal, FMC Technologies will manufacture and supplyfour subsea trees, one manifold, subsea and topside control systems and an...

Oil drilling equipment maker FMC Technologies (FTI) announced that it has won a supply contract from Statoil ASA (STO). The deal price is valued at $75 million. Per the deal, FMC Technologies will manufacture and supplyfour subsea trees, one manifold, subsea and topside control systems and an...

Shares of Basic Energy Services (NYSE: BAS) are higher on the session by 0.06%, trading at $16.89. Overall call volume is now running at 11.76x the daily average, with 0% of all calls traded being purchases on the offer. 1,200 contracts have traded on the session so far. Basic Energy Services, Inc...

Piper Jaffray is out with a research report this morning, where it reiterates its Overweight rating on IHS Inc. (NYSE: IHS); it has a $72.00 price target on the stock. The PJ analysts said that they still believe IHS has an outstanding franchise, impressive record of execution, and compelling long...

RC2 Corporation (NASDAQ: RCRC) was downgraded by Caris from "above average" to "average." RCRC's shares closed at $22.90 yesterday. RCRC's PEG ratio is 1.40. Eurand NV (NASDAQ: EURX) was downgraded by Roth Capital from "buy" to "neutral." EURX's stock closed at $11.73 yesterday. Eurand's trailing-...

Analysts at Exane BNP Paribas downgrade Tenaris SA (NYSE: TS) from “outperform” to “neutral.” TS shares lost 0.35% to close at $48.85 yesterday. More Analyst Ratings here

Dresser-Rand Group Inc. ("Dresser-Rand" or, collectively with its affiliates, the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, has been awarded over the past thirty days, compression and power generation equipment worth approximately $250...

FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Vigdis North-East development. The award has a value of approximately $75 million in revenue to FMC Technologies.

The theme to this Weekly Market Report will be Exchange Traded Funds or ETF's as they are often called by most traders and investors. An exchange traded fund is a security that trades just like a stock. The ETF will usually track an index or specific sector in the market by holding a basket of...

Here's the Economic Calendar for the week commencing the 26th of December 2010. As we enter the last market week of 2010 there's only a handful of economic events this week. No doubt the interest rate increase in China will play a part in how the following week turns out. The main events...

Halliburton (HAL) has won a contract from ConocoPhillips (COP) to provide drilling services to the Jasmine discovery in the North Sea region. With a 36.5% interest, ConocoPhillips will act as the operator of the Jasmine field while Eni SpA (E) and BG Group hold 33% and 30.5% stakes, respectively...

Halliburton (HAL) has won a contract from ConocoPhillips (COP) to provide drilling services to the Jasmine discovery in the North Sea region. With a 36.5% interest, ConocoPhillips will act as the operator of the Jasmine field while Eni SpA (E) and BG Group hold 33% and 30.5% stakes, respectively...

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, today announced that it has completed the redemption of its $230 million face value 6 1/8% Senior Notes due June 2013. The notes were redeemed at 101.021% of face value, or approximately $...

Shares of North American Energy Partners, Inc. (NYSE: NOA) are trading up 5.9% at $11.81 per share during the Thursday afternoon trading session. The day's trading range for shares of North American Energy Partners, Inc has been between $10.93 and a 52-week high of $11.98 per share. Analysts...

Dover Corp. (DOV) has signed a definitive agreement to acquire Vienna, Austria-based Sound Solutions business line of NXP Semiconductors NV (NXPI) for $855 million. The acquisition is expected to close around the end of the first quarter of 2011 and will be slightly accretive to Dover's earnings...