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Oil and Gas Energy Equipment and Services

  • TULSA, Okla. _ Unit Corp. on Thursday reported fourth-quarter net income of $1.7 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Three analysts surveyed by Zacks expected $168.3 million.

  • Workers secure solar panels to a rooftop during a SolarCity Corp. residential installation in Albuquerque, New Mexico, U.S., on Monday, Feb. 8, 2016.

    SolarCity has reached long-term lease agreements with homeowners shortly before or even after they defaulted on mortgages, the NYT reports.

  • HOUSTON _ Superior Energy Services Inc. on Tuesday reported a loss of $211.2 million in its fourth quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 76 cents per share. Eight analysts surveyed by Zacks expected $333 million.

  • *FTSE 100 down 0.3 pct. *FTSE 350 bank index scores worst day since Brexit. The blue-chip FTSE index fell 0.3 percent, with HSBC down 6.5 percent, its worst day in 18 months, after its results.

  • *FTSE 100 down 0.2 pct. *FTSE 350 banks index heads for worst day since Brexit. Britain's blue-chip FTSE index was down 0.2 percent, with HSBC, the first bank to report earnings this week, down 6.5 percent, heading for its worst day in 18 months after its results.

  • TORRANCE, Calif.— An explosion and fire erupted Saturday at a California oil refinery, exactly two years after a blast that crippled the plant and led to higher gasoline prices, authorities said. No injuries were reported from the Torrance Refining Co. near Los Angeles, and there were no evacuations or damage to any buildings outside the refinery, Assistant Fire...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 597 rigs sought oil and 153 explored for natural gas this week. Louisiana lost three rigs, New Mexico declined by two and Alaska, North Dakota and Oklahoma each lost one. Arkansas, California, Colorado, Kansas, Ohio, Pennsylvania, West Virginia and Wyoming were all unchanged.

  • BAGHDAD, Feb 17- Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi said in a statement on Friday. The nation's tanker fleet was largely destroyed during the U.S.-led offensive to dislodge Iraq from Kuwait in 1991, according to the state-run Iraqi Oil Tankers Company's website.

  • *Offers made to selected buyers in Asia. SINGAPORE, Feb 16- Abu Dhabi National Oil Company has offered Murban crude to be loaded in April from its oil storage in South Korea, three trade sources said on Thursday. The rare offer was made to a pool of selected buyers in Asia and ADNOC did not specify what volume it planned to sell, they said.

  • HOUSTON _ Parker Drilling Co. on Wednesday reported a loss of $48.9 million in its fourth quarter. On a per-share basis, the Houston- based company said it had a loss of 39 cents. For the year, the company reported that its loss widened to $230.8 million, or $1.86 per share.

  • Joey Mahmoud, executive vice president of Texas- based Energy Transfer Partners, said protesters have "assaulted numerous pipeline personnel," destroyed millions of dollars' worth of construction equipment and even fired a pistol at law enforcement during months of demonstrations against the 1,200- mile pipeline, which will carry North Dakota oil to an...

  • *OPEC delivered 93 percent of pledged output curbs in January. *ABN Amro reduces Brent price forecast for H1 2017 to $50/ bbl. Investors were meanwhile underwhelmed by an OPEC report showing high compliance with last year's production-cut deal.

  • *OPEC delivered 93 percent of pledged output curbs in January. NEW YORK, Feb 13- Oil on Monday declined by about 2 percent, the most since mid January, as a stronger dollar and signs of rising U.S. crude output pressured prices while an OPEC report showing high compliance with last year's production-cut deal underwhelmed investors. Brent futures were down $1.17, or...

  • *Figures show 93 pct OPEC compliance with output deal. *Saudi cut deeper than expected- OPEC. LONDON, Feb 13- Oil fell more than 1 percent on Monday after an OPEC report showing high compliance with last year's landmark production- cut deal underwhelmed investors while signs of rising U.S. crude output continued to weigh on prices.

  • LONDON, Feb 10- Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year. On Feb. 9, the structure of Brent futures prices provided around 37 cents per barrel to hold stocks between April and May and around 33 cents to hold stocks from May to June. But the spread from June to July is...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 591 rigs sought oil and 149 explored for natural gas this week. Texas increased by seven rigs, New Mexico was up by four rigs, Louisiana and West Virginia each gained two and Pennsylvania was up one. Alaska, Arkansas, California, Colorado, Kansas, North Dakota, Oklahoma and Utah were all unchanged.

  • LONDON, Feb 10- Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year. On Feb. 9, the structure of Brent futures prices provided around 37 cents per barrel to hold stocks between April and May and around 33 cents to hold stocks from May to June. But the spread from June to July is...

  • *says opened a proceeding at its public voting meeting on Thursday to determine feasibility of minimizing or eliminating the use of Southern California Gas Company's Aliso Canyon natural gas storage facility while still maintaining energy and electric reliability for the Los Angeles region. SoCalGas is owned by California energy company Sempra Energy...

  • *says Southern California Gas Co will pay $8.5 million, including funding for an independent health study, under a settlement with the SCAQMD resulting from the massive gas leak at the company's Aliso Canyon storage facility. *says the settlement specifies that of the $8.5 million, $1 million will be designated for a SCAQMD-sponsored health study; $5.65...

  • CALGARY, Alberta, Feb 7- Husky Energy has sold its first cargo of crude oil from its offshore Atlantic Canada operations bound for China, a company spokesman said on Tuesday. It is very unusual for Atlantic Canadian crude to make its way to China given the logistics and cost involved, but low shipping freight rates have helped make the deal viable.