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Oil and Gas Energy Equipment and Services

  • *Total eyes cut-price stake in Iran LNG project-sources. *Iran seeks to jumpstart gas exports after sanctions. Iran shares the world's biggest gas field with Qatar, which has used the reserves to build over a dozen giant liquefaction plants to chill gas into a liquid for export on ships-- a move Iran is keen to replicate.

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices fell about 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

  • Houston oilfield services company Baker Hughes Inc. said Friday that 602 rigs sought oil and 151 explored for natural gas this week. Alaska and Louisiana each lost two rigs and North Dakota declined by one. Arkansas, California, Colorado, Kansas, New Mexico, Ohio, Oklahoma, Pennsylvania, Utah and West Virginia were all unchanged.

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices slid nearly 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

  • *OPEC compliance 88 percent based on industry average. NEW YORK, Feb 24- Oil prices fell on Friday despite OPEC pledges to boost compliance with output curbs, on concerns over rising U.S. supplies and as traders begin to pull out crude barrels from pricey storage as physical markets show signs of tightening. "The oil market remains focused on the global rebalancing...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *U.S., Asia traders start selling most costly stored crude. Their joint compliance with a production-reduction deal reached at the end of last year was around 86 percent in January, according to OPEC sources quoting results from a technical committee meeting held this week.

  • West Texas Intermediate was down 16 cents at $54.29 by 0728 GMT. While OPEC appears to be sticking to its deal, producers that were not part of the deal, particularly U.S. shale drillers, have increased output, driving the growth in inventories in the United States, the world's biggest oil consumer. "Current oil prices are neither sustainable for OPEC or the industry,"...

  • NEW YORK/ HOUSTON, Feb 24- Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities. From Houston through Louisiana to floating storage in the Gulf of Mexico, traders are starting to ship crude...

  • Offshore production from the Gulf of Mexico accounted for more than half the total gain, adding an extra 175,000 bpd, with output from Alaskas North Slope also up 61,000 bpd. However, production increases were also reported from onshore predominantly shale plays in North Dakota, Oklahoma, New Mexico and Texas. Production from the contiguous United States...

  • Offshore production from the Gulf of Mexico accounted for more than half the total gain, adding an extra 175,000 bpd, with output from Alaskas North Slope also up 61,000 bpd. However, production increases were also reported from onshore predominantly shale plays in North Dakota, Oklahoma, New Mexico and Texas. Production from the contiguous United States...

  • 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.