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Oil Related Services and Equipment

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CSI Compressco reports Q3 net loss per diluted common unit $0.47

Friday, 4 Nov 2016 07:30am EDT

CSI Compressco LP : CSI Compressco LP announces third quarter 2016 results . Qtrly net loss per diluted common unit $0.47 . Lowered total capital expenditure forecast for 2016 to $19 million to $20 million . On November 3, 2016, executed an amendment to existing secured credit facility . Amendment converted credit facility to asset-based facility, increased leverage ratio covenant to 5.95x through Q2 of 2018 .Q3 revenue $70.7 million versus I/B/E/S view $79.2 million.

CSI Compressco reports Q3 net loss per diluted common unit $0.47

Friday, 4 Nov 2016 07:30am EDT

CSI Compressco LP : CSI Compressco LP announces third quarter 2016 results . Qtrly net loss per diluted common unit $0.47 . Lowered total capital expenditure forecast for 2016 to $19 million to $20 million . On November 3, 2016, executed an amendment to existing secured credit facility . Amendment converted credit facility to asset-based facility, increased leverage ratio covenant to 5.95x through Q2 of 2018 .Q3 revenue $70.7 million versus I/B/E/S view $79.2 million.

GC Rieber Shipping: Irene Waage Basili to temporarily leave CEO position

Friday, 4 Nov 2016 05:00am EDT

GC Rieber Shipping ASA : Says Irene Waage Basili will temporarily leave position as CEO to fully focus on and maximize potential of Shearwater GeoServices . CFO Einar Ytredal will take position as acting CEO . Øystein Kvåle is appointed acting CFO .Changes will have immediate effect.

Superior Drilling Products announces preliminary third quarter 2016 revenue

Thursday, 3 Nov 2016 11:35am EDT

Superior Drilling Products Inc : Superior Drilling Products, Inc. announces preliminary third quarter 2016 revenue more than double over trailing quarter .Superior Drilling Products Inc - Sees Q3 2016 revenue about $2.26 mln.

Archrock Partners announces Q3 cash distribution and financial results

Monday, 31 Oct 2016 10:41pm EDT

Archrock Partners Lp : For Q3 of 2016, net loss was $0.6 million, compared to net income of $3.3 million for Q2 of 2016 . Archrock Partners - Announced an all equity financed acquisition of about 150,000 horsepower by co for total consideration of about $85 million to Archrock . Archrock Partners announces third-quarter 2016 cash distribution and financial results .Q3 revenue $135.5 million versus I/B/E/S view $139.1 million.

Archrock declares dividend and provides operational update for Q3

Monday, 31 Oct 2016 10:40pm EDT

Archrock Inc : Archrock - Declared dividend of $0.12 per share of common stock. Dividend to be paid in November 2016 is about 25% higher than second-quarter 2016 . Archrock - For Q3 of 2016 net loss from continuing operations was $10.0 million compared to $2.4 million in Q2 of 2016 and $17.9 million in Q3 of 2015 . Net loss was $10.0 million in Q3 of 2016 as compared to a net loss of $2.4 million in Q2 of 2016. . Archrock declares dividend and provides operational update for third-quarter 2016 . Q3 revenue $156.6 million versus $191.7 million .Q3 revenue view $195.8 million -- Thomson Reuters I/B/E/S.

Willbros reports third quarter 2016 results

Friday, 28 Oct 2016 04:36pm EDT

Willbros Group Inc : Willbros reports third quarter 2016 results . Q3 loss per share $0.17 from continuing operations . Q3 revenue $174.8 million versus I/B/E/S view $189.5 million . Q3 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S . Sees FY 2016 revenue $725 million to $750 million . Willbros Group Inc says at September 30, 2016, Willbros reported total backlog of $646.6 million, a decrease of $25.4 million from June 30, 2016 balance . FY2016 revenue view $774.0 million -- Thomson Reuters I/B/E/S .Willbros Group Inc - Twelve month backlog is being impacted by Canadian MSA contracts that expire at end of 2016 and early 2017.

Baker Hughes does not see activity in Gulf Of Mexico getting better until mid-2017 - Conf call

Tuesday, 25 Oct 2016 09:51am EDT

Baker Hughes Inc: "We continue to believe that oil prices in the mid to upper 50s are required for sustainable recovery in North America" . Says holds nearly 50 percent of drilling share in the DJ Basin . Says does not expect activity in Gulf Of Mexico to get better until mid-2017 . "We need $65 in West Africa, to see a recovery there" . "Internationally, we need to see oil at $55 for any recovery" . "We don't expect to have significant direct sales in Q4" . Says evaluating opportunities to further optimize global manufacturing footprint . Says in terms of overall size, envision to have a very large business in Russia, "but it will be a hybrid" . Says picked up over a 100 drilling rigs in Russia over the past 8 months Further company coverage: [BHI.N] ((Bangalore.newsroom@thomsonreuters.com;)).

Baker Hughes Q3 adjusted non-gaap loss per share $0.15

Tuesday, 25 Oct 2016 06:30am EDT

Baker Hughes Inc : . Q3 gaap loss per share $1.00 . Q3 revenue $2.4 billion versus I/B/E/S view $2.41 billion . . Q3 adjusted non-gaap loss per share $0.15 . In q4 of 2016 co expect activity in north america to modestly increase . Q3 earnings per share view $-0.44 -- Thomson Reuters I/B/E/S . Cash flows from operating activities were $119 million for quarter . Baker hughes-internationally, see activity declines, pricing pressure to continue, with minimal year-end, seasonal product sales unlikely to offset declines . Baker hughes inc - this quarter exceeded original cost reduction goal for year-end, setting a new annualized cost savings target of $650 million for 2016 . Baker hughes inc - "we expect market conditions to remain challenging near term" .Baker hughes - this quarter, co exceeded original cost reduction goal for year-end, setting new annualized cost savings target of $650 million for 2016.

Landocean Group sees 2016 Q1~Q3 net profit to decrease by 80 pct to 100 pct

Sunday, 16 Oct 2016 11:04pm EDT

Landocean Group Ltd <300157.SZ> :sees 2016 Q1~Q3 net profit to decrease by 80 percent to 100 percent, compared to net profit of Q1~Q3 in 2015(64.5 million yuan).

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