pressure-control love



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  • Coots's well-intervention and pressure-control services will augment Halliburton's efforts.

    Coots Rallies on Halliburton Buyout Deal

  • (NYSE), which provides pressure-control and emergency services to the oil and gas industry, rose 60 cents, or 26%, to 2.95, after large-cap oilfield-services giant Halliburton said late Friday it will buy the Houston company in a cash-and-stock deal valued at about $232 million.

    Methode Jumps 7.8%, Ion Geophysical Slips

  • Coots, which provides pressure-control services as well as emergency response and control of oil - and gas-well blowouts and well fires, jumped 25% to $2.93 in early trading Monday.

    Coots Rallies on Halliburton Buyout Deal

  • Coots Inc. whose services include pressure-control and emergency response.

    Halliburton Profit Falls 45%

  • "The disposal wasn't expected, but it makes sense given that Hydril's pressure-control business wasn't part of Tenaris's core activities," said an analyst with Milan-based broker Euromobiliare, which recommends a hold on the stock with a target price of $50 for the company's American depositary receipts.

    GE to Buy Part

  • The pressure-control business generates about half the revenue at Hydril, which Tenaris bought last year for $2.1 billion.

    GE to Buy Part

  • Cameron International tacked on 2.57, or 6%, to 42.47, after the oil and gas pressure-control equipment maker received a contract initially worth $650 million to provide sub-sea equipment for Total SA in Nigeria.


  • Hydril, which GE said is expected to generate more than $400 million in sales this year, focuses on pressure-control equipment used in the oil-and-gas drilling industry.

    GE Adds Heft

  • In Oil Patch In Tenaris Deal Tenaris SA, which makes pipe for the energy industry, agreed to sell its Hydril pressure-control business to General Electric Co. for $1.12 billion on a debt-free basis.

    GE Adds Heft

  • And in Italy, steel-tube maker Tenaris rose 1.6% after the company said it's selling its Hydril pressure-control business to General Electric Co. for about $1.12 billion on a debt-free basis.

    Economic, Financial Anxiety


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