International Business News - WFT http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of several oil services companies fell Monday as an analyst told investors that earnings for several companies will come in significantly below consensus earnings estimates for 2009. http://www.ibtimes.com/articles/20081103/sector-snap-analyst-sees-trouble-for-oil-services.htm Mon, 03 Nov 2008 15:51:40 EST Among the stock activity stories for Monday, Oct. 20, from AP Financial News: NEW YORK (AP)--Shares of flash memory maker SanDisk Corp. fell Monday ahead of an earnings report that analysts expect to show ample evidence of a slowdown in consumer spending. http://www.ibtimes.com/articles/20081020/movers-roundup-sandisk-synovus-financial.htm Mon, 20 Oct 2008 14:13:57 EDT Shares of Weatherford International Ltd. rose Monday after the oil industry services provider reported a 27 percent increase in third-quarter profit due to strong international growth. http://www.ibtimes.com/articles/20081020/weatherford-intl-shares-spike-on-3q-profit-report.htm Mon, 20 Oct 2008 19:02:34 EDT Among the earnings stories for Monday, Oct. 20, from AP Financial News: NEW YORK (AP)--Insurer Endurance Specialty Holdings Ltd. said Monday it expects a third-quarter operating loss tied to Hurricanes Gustav and Ike and losses on its alternative investment portfolio. http://www.ibtimes.com/articles/20081020/earnings-roundup-insurer-endurance-idex.htm Mon, 20 Oct 2008 10:42:43 EDT Weatherford International Ltd., a provider of technology and services for the oil and gas drilling and production industry, said Monday its third-quarter profit rose 27 percent due to strong international growth. http://www.ibtimes.com/articles/20081020/weatherford-international-profit-rises-27-percent.htm Mon, 20 Oct 2008 08:45:07 EDT Halliburton on Monday posted a $21 million third-quarter loss due largely to a big debt repayment, but the oilfield services company did booming business and its top executive maintained a positive outlook in the face of the global economic slowdown. http://www.ibtimes.com/articles/20081020/halliburton-posts-21m-3q-loss-on-debt-settlement.htm Mon, 20 Oct 2008 16:43:53 EDT Despite the recent fall in crude prices and a global economic crisis that could further curtail energy demand, the head of the world's biggest oilfield services company says increased global exploration and other factors bode well for long-term business. http://www.ibtimes.com/articles/20080930/some-still-see-brisk-business-for-the-oil-services.htm Tue, 30 Sep 2008 16:45:57 EDT Oilfield service company Weatherford International Ltd. has acquired a Houston-based business that evaluates geologic formations at the well site to reduce risk and operating time. http://www.ibtimes.com/articles/20080818/weatherford-buys-geologic-formation-analysis-firm.htm Mon, 18 Aug 2008 13:33:43 EDT Shares of oil and gas-related companies dropped Tuesday afternoon as crude and natural gas prices slid on the New York Mercantile Exchange. Light, sweet crude for August delivery fell $4.89 to $126.15, though earlier the contract dropped as low as $125.63. Prices had flirted with the $150 mark earlier this month. http://www.ibtimes.com/articles/20080722/sector-snap-oil-and-gas-shares-slide.htm Tue, 22 Jul 2008 14:27:02 EDT Among the earnings stories for Monday, July 21, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080721/earnings-roundup-hasbro-weatherford.htm Mon, 21 Jul 2008 10:26:15 EDT Oil field services company Weatherford International Ltd. said Monday its second-quarter profit soared on a jump in sales and increased rig count. Earnings rose to $371 million, or 53 cents per share, from $165.3 million, or 24 cents per share, in the same quarter a year earlier. http://www.ibtimes.com/articles/20080721/weatherford-international-2nd-quarter-profit-rises.htm Mon, 21 Jul 2008 08:16:12 EDT Following is a summary of top stories in the energy sector Tuesday afternoon. Crude on the Rise Again http://www.ibtimes.com/articles/20080701/energy-sector-roundup-crude-ends-near-141.htm Tue, 01 Jul 2008 15:59:45 EDT A Citi Investment Research analyst initiated coverage of oil services and equipment companies Monday, saying that the industry's upturn is far from over. http://www.ibtimes.com/articles/20080701/ahead-of-the-bell-oil-services.htm Tue, 01 Jul 2008 08:23:21 EDT Among the stock activity stories for Thursday, June 26, from AP Financial News: NEW YORK (AP)--American Express Co. shares hit a five-year low on Thursday, one day after the credit card lender said business conditions have deteriorated beyond its expectations. http://www.ibtimes.com/articles/20080626/movers-roundup-american-express-weatherford.htm Thu, 26 Jun 2008 14:39:34 EDT Shares of Weatherford International Ltd. refused to join in Wall Street's sharp slide Thursday as traders looked to optimistic analyst comments and an uptick in oil prices. http://www.ibtimes.com/articles/20080626/weatherford-shares-advance-as-broader-market-falls.htm Thu, 26 Jun 2008 13:55:03 EDT Oilfield service shares rallied Monday as higher crude-oil prices gave investors reason to add to their bets on the sector. Oil prices rose on what the market saw as a modest production increase from Saudi Arabia and concerns that output from Nigeria will decline. Light, sweet crude for August delivery rose $1.38 to settle at $136.74 a barrel on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080623/sector-glance-oil-service-shares-rally.htm Mon, 23 Jun 2008 16:29:42 EDT Following is a summary of top stories in the energy sector Tuesday afternoon. Higher oil, Higher gas http://www.ibtimes.com/articles/20080520/energy-sector-roundup-another-day-another-record.htm Tue, 20 May 2008 15:48:29 EDT Shares of offshore drilling contractors fell along with the rest of the oil sector Monday as crude prices pulled away from record highs. However, an industry analyst predicted the sector is likely to benefit as demand for drilling rigs tightens. http://www.ibtimes.com/articles/20080512/sector-snap-drillers-down-but-analyst-bullish.htm Mon, 12 May 2008 13:20:50 EDT In an April 29 story about the 2007 compensation of Weatherford International Ltd.'s chief executive, Bernard J. Duroc-Danner, The Associated Press erroneously reported the amount. He was paid $10.1 million in 2007, not $8 million. A corrected version of the story follows. http://www.ibtimes.com/articles/20080506/correction-weatherford-executive-compensation-story.htm Tue, 06 May 2008 11:26:44 EDT Shares of drilling contractors rose Friday as crude prices turned sharply higher and investors cheered strong earnings from a number of key companies. http://www.ibtimes.com/articles/20080502/sector-snap-oil-drilling-stocks-rise-as-crude-prices-soar.htm Fri, 02 May 2008 13:23:35 EDT