Regulatory Approvals, New Facilities and Contracts Boost Outlook for Oil & Gas Equipment and Services Companies - Research Report on Schlumberger, Halliburton, Oil States, FMC, and Oceaneering
NEW YORK, July 2, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Schlumberger Limited (NYSE: SLB), Halliburton Company (NYSE: HAL), Oil States International Inc. (NYSE: OIS), FMC Technologies, Inc. (NYSE: FTI), and Oceaneering International, Inc. (NYSE: OII). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Schlumberger Limited Research Report
On June 24, 2013, Schlumberger Limited (Schlumberger) announced that its OneSubsea, joint venture (JV) with Cameron has received all necessary regulatory approvals. Under the JV project, Schlumberger and Cameron will manufacture and develop products, systems and services for the subsea oil and gas market. Paal Kibsgaard, CEO of Schlumberger, commented, "We are extremely pleased to complete the OneSubsea joint venture with Cameron. We are now uniquely positioned to optimize complete subsea production systems and help our customers improve production and recovery from their subsea developments." Schlumberger reported that it has a 40% ownership and Cameron has a 60% ownership in the JV. The Full Research Report on Schlumberger Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/1a7f_SLB]
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Halliburton Company Research Report
On June 11, 2013, Halliburton Company (Halliburton) announced the inauguration of its Technology Center at the Federal University of Rio de Janeiro (UFRJ) Technology Park, situated at the Ilha do Fundão, Rio de Janeiro, Brazil. Halliburton, along with the country's leading universities and customer research groups, said that it is working towards establishing a global center of expertise for deepwater and mature fields. Tim Probert, President of Strategy and Corporate Development at Halliburton, said, "Technology has played an important role in addressing our customers' challenges, particularly in Brazil's deepwater as well as mature field environments." Probert added, "This state-of-the-art center in Brazil, closer to our customers, allows us to accelerate new technology development and enable Halliburton to deliver even more innovative solutions to our customers faster." The Full Research Report on Halliburton Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/f66e_HAL]
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Oil States International Inc. Research Report
On June 26, 2013, Oil States International Inc. (Oil States) announced that its Canadian subsidiary, PTI Group Inc., has opened a new Canadian Lodge, Boundary Lodge, in Southern Saskatchewan. According to Oil States, the Boundary Lodge will support the power and infrastructure construction projects in the Estevan, Saskatchewan region and the surrounding Bakken oil and gas shale area. The Company reported that the lodge will provide PTI's full suite of first-class accommodations and services including catering, ancillary and convenience services, internet service, conference rooms, and leisure facilities for fitness, entertainment, and relaxation. Further, Oil States expects the facility to have a total capacity of 348 rooms upon completion of the initial construction in Q3 2013. Cindy B. Taylor, President and CEO of Oil States, stated, "Our new Boundary Lodge in Estevan, Saskatchewan gives us a presence in a region of increasing activity." Taylor continued, "We expect to support a diverse customer base in this region with multiple demand drivers." The Full Research Report on Oil States International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/8166_OIS]
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FMC Technologies, Inc. Research Report
On June 25, 2013, FMC Technologies, Inc. (FMC Technologies) announced that it has received a new order from Total upstream Nigeria Ltd., for subsea equipment for the Egina field, situated in Block OML 130 offshore Nigeria. Tore Halvorsen, Senior Vice President of Subsea Technologies at FMC Technologies, commented, "FMC Technologies is pleased to provide Total with the subsea systems required to develop the Egina field. This significant project will be the largest subsea project to date in West Africa, and is supported by our local content strategy, as well as by recent expansions to our facilities in Lagos and Onne." The Company reported that the subsea equipment order is valued at approximately $1.2 billion. The Full Research Report on FMC Technologies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/668d_FTI]
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Oceaneering International, Inc. Research Report
On June 27, 2013, Oceaneering International, Inc. (Oceaneering) announced that it has been awarded a contract by ExxonMobil to supply a production control umbilical for its Julia field development in the Gulf of Mexico Walker Ridge Block. Oceaneering reported that the order is for an electro-hydraulic, steel tube umbilical approximately 14 miles (22.5 kilometers) in length, which will be manufactured at Oceaneering's facility in Panama City. Oceaneering stated that the umbilical will be used to supply hydraulic control fluids, chemicals, and electrical power signals to operate and monitor the subsea wells and manifold used in the field. The Company expects to deliver the production control umbilical by early 2015. The Full Research Report on Oceaneering International, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/0c4e_OII]
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SOURCE Wall Street Reports
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