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Oil and Gas Energy Equipment and Services

  • Among major oil- and gas-producing states, Louisiana gained four rigs, California increased by two and North Dakota and Utah each gained one. Oklahoma and Texas each declined by three, New Mexico fell by two and Alaska decreased by one. Arkansas, Colorado, Ohio, Pennsylvania, West Virginia and Wyoming were all unchanged.

  • OIL DRILLERS CUT RIGS FOR SECOND WEEK SINCE JANUARY- BAKER HUGHES.

  • THE HAGUE, Netherlands— Schlumberger NV on Friday reported a loss of $74 million in its second quarter. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Eight analysts surveyed by Zacks expected $7.26 billion.

  • July 21- Russia's Eurasia Drilling Company Ltd said on Thursday it would sell a 51 percent stake in the company to the world's No. 1 oilfield services provider, U.S.-based Schlumberger NV. The agreement is subject to approval by the Federal Antimonopoly Service of Russia, the company said. http://bit.ly/2uf0YgD. Schlumberger's attempt to buy a 45.65 percent...

  • SHARARA OIL FIELD, Libya, July 20- When the head of Libya's state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people. Libya's National Oil Corporation raised output to more than one million barrels per day at the end of June for the first time...

  • SHARARA OIL FIELD, Libya, July 20- When the head of Libya's state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people. Libya's National Oil Corporation raised output to more than one million barrels per day at the end of June for the first time...

  • *China pushing to liberalise its huge energy sector. BEIJING/ SINGAPORE, July 19- Beijing on Wednesday issued a draft of new regulations for China's growing oil and fuel storage industry, helping loosen the state-owned oil majors' grip on the sector as the nation pushes to reform its vast energy markets. The main change in the draft is that it removes requirements...

  • HONG KONG, July 19- Asia Inc's scramble to lock in low interest rates and investors' thirst for a steady stream of income have boosted perpetual bond issuance in the region to a record this year, led by a clutch of jumbo deals from ChemChina to Japan's SoftBank. Asian corporates outside Japan issued $18.2 billion of perpetual bonds so far this year, compared with...

  • BEIJING, July 19- Beijing on Wednesday issued draft regulations for China's growing oil and fuel storage industry, as the nation pushes on with plans to reform its vast energy sector. Storage companies and wholesalers of crude oil or refined oil products must apply for a permit from the provincial government, which will be subject to approval from the commerce...

  • LONDON, July 18- U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according...

  • July 18- BP Plc is considering an initial public offering of its vast U.S. Midwest and Gulf Coast pipeline assets, the company said on Tuesday, a move that would raise cash. The proposed spinoff, which would be called BP Midstream Partners, revives a plan first broached internally about five years ago before slumping crude oil prices caused the company to put the...

  • July 18- BP Plc is looking at spinning off U.S. pipeline assets in the U.S. Gulf and Midwest in an initial public offering, the company said on Tuesday. They include rival Royal Dutch Shell Plc, which raised nearly $1 billion in an IPO of its midstream assets in June, 2014, along with independent refiners like Valero Energy Corp, Tesoro Corp, and Marathon Petroleum...

  • July 18- BP Plc is considering spinning off certain U.S. pipeline assets in the U.S. Media reports in 2015 said BP America was trying to sell North American pipelines and gas storage assets. Last year, BP approached Enbridge Inc in an effort to sell some of BP's offshore Gulf of Mexico pipeline network, known as the Mardi Gras Transportation System, without success,...

  • PHILIPSBURG, St Maarten/ HOUSTON, July 18- A court in the Caribbean island of St. Maarten has ordered Venezuelan state-run oil company PDVSA to cooperate in the sale of 500,000 barrels of crude oil in its dispute with units of Russian shipping firm Sovcomflot, according to a copy of the decision seen by Reuters on Tuesday. In March, the same court ordered the roughly...

  • LONDON, July 18- U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according...

  • HOUSTON, July 14- An earthquake with a preliminary magnitude of 4.2 on Friday struck Stroud, Oklahoma, about 20 miles from the key oil storage hub in Cushing, Oklahoma, the Oklahoma Geological Survey said. Oil companies operating the tanks and pipelines around the Cushing hub have reported no damage to their facilities. The Cushing storage hub is the delivery hub...

  • BASTROP, Texas— Crews have collected all of the free-standing crude oil after about 50,000 gallons leaked when a contractor using heavy equipment hit an underground pipeline in Central Texas. Cleanup continued Friday at the site near Bastrop, about 30 miles east of Austin. Officials with Oklahoma-based Magellan Midstream Partners say nobody was hurt in...

  • HOUSTON, July 14- An earthquake with a preliminary magnitude of 4.2 on Friday struck Stroud, Oklahoma, about 20 miles from the key oil storage hub in Cushing, Oklahoma, the Oklahoma Geological Survey said. There have been no initial reports of damage from the quake, Oklahoma Corporation Commission spokesman Matt Skinner said by phone, cautioning that it was still...

  • LONDON, July 14- U.S. oil and gas exploration and production companies are paying more to hire drilling rigs as the number of rigs still idle after the slump declines. Drilling costs were up by 8 percent in June 2017 compared with their recent low in November 2016, according to preliminary data from the U.S. Bureau of Labor Statistics published on Thursday.

  • SINGAPORE, July 14- Some energy traders in Southeast Asia are cutting their use of storage tanks as short-term demand for oil products soars, hitting companies that rent out storage at a time when many of them have just expanded their capacity. A shift away from storage could potentially be bad news for tank operators running in the region like the Netherlands'...