Oil and Gas Energy Equipment and Services

  • *Revenue from North America up 4 pct. Jan 20- Schlumberger NV said on Friday that it does not expect a "dramatic" short-term recovery in international markets, compared with North America where shale producers are already ramping up drilling activity. The world's No.1 oilfield services provider reported a more-than-8-percent drop in fourth-quarter revenue...

  • Jan 20- Schlumberger NV reported better-than-expected quarterly revenue as oil producers put more land rigs back to work in North America and prices for oilfield services recovered slightly in the region. Net loss attributable to Schlumberger fell to $204 million, or 15 cents per share, in the three months ended Dec. 31, from $1.02 billion, or 81 cents per share, a...

  • NEW YORK— Schlumberger NV on Friday reported another loss during its most recent fourth quarter as low energy prices continue to impact revenue. Still, the results met Wall Street expectations, with the average estimate of 17 analysts surveyed by Zacks Investment Research for earnings of 27 cents per share. The company, with bases in Paris, Houston, London and The...

  • Jan 20- Schlumberger NV, the world's No.1 oilfield services provider, reported a smaller fourth-quarter loss than a year earlier, when it recorded more than $2 billion in restructuring and asset impairment charges. Net loss attributable to Schlumberger fell to $204 million, or 15 cents per share, in the three months ended Dec. 31, from $1.02 billion, or 81 cents per...

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters are sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan, and because of Australia's struggles to ramp up production. Benefiting from the Panama Canal expansion last year that...

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan as well as Australia's continuing struggles to ramp up scheduled production. Benefiting from the Panama Canal expansion last...

  • TULSA, Okla.— A subsidiary of Magellan Midstream Partners will complete $16 million in upgrades to pipelines and pay a $2 million fine as part of a federal settlement following pipeline ruptures in three states. Federal officials said in a statement Thursday that the first incident occurred in February 2011, when a pipeline carrying petroleum ruptured north...

  • BREGA, Libya, Jan 19- Guards and officials at major ports in Libya's eastern Oil Crescent say they are hoping foreign workers will soon return as they struggle to build on output gains with meagre resources. The lifting of a long blockade at the ports helped Libya's oil output to more than double to over 600,000 barrels per day. Recent and future gains threaten to...

  • LOS ANGELES— A California natural gas storage facility where a blowout spewed methane for nearly four months has completed a safety review required to resume operations, though it might never return to full capacity, state officials said Tuesday. The Southern California Gas Co. facility at Aliso Canyon has been crippled more than a year since the blowout...

  • LOS ANGELES, Jan 17- California regulators on Tuesday took a step toward reopening the Aliso Canyon natural gas storage facility after a major methane leak in 2015 forced the evacuation of thousands of nearby residents, but new injections will not be authorized until the public has the chance to weigh in. SoCalGas, a unit of California energy company Sempra...

  • Jan 17- California regulators said on Tuesday they were seeking public comment on a proposal that would significantly limit the amount of natural gas Southern California Gas can inject into its Aliso Canyon storage facility in Los Angeles, which leaked in 2015.. SoCalGas, a unit of California energy company Sempra Energy, shut the facility in October 2015...

  • Jan 17- California regulators said on Tuesday they were seeking public comment on a proposal that would significantly limit the amount of natural gas Southern California Gas can inject into its Aliso Canyon storage facility in Los Angeles, which leaked in 2015.. SoCalGas, a unit of California energy company Sempra Energy, shut the facility in October 2015...

  • LOS ANGELES— A California natural gas storage facility where a blowout spewed methane for nearly four months has completed a safety review required to resume operations, though it might never return to full capacity, state officials said Tuesday. The Southern California Gas Co. facility at Aliso Canyon has been crippled more than a year since the blowout...

  • Jan 17- The California Department of Conservation's Division of Oil, Gas and Geothermal Resources said on Tuesday it would conduct two public meetings on pressure limits for Southern California Gas' Aliso Canyon natural gas storage facility. SoCalGas shut the facility in October 2015 after a massive leak forced the evacuation of thousands in the Porter...

  • CALGARY, Alberta, Jan 17- Canada's main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document obtained by Reuters. The Canadian Security Intelligence Service warning...

  • LONDON, Jan 17- U.S. petroleum producers are looking forward to better times in 2017 as the industry has passed the low-point in the cycle and embarked on the road to renewed expansion. U.S. oil output was essentially flat between July and October 2016, after sliding between April 2015 and June 2016. More than half of all the new rigs have been added in the Permian...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 522 rigs sought oil and 136 explored for natural gas this week. Colorado, North Dakota, Ohio and Pennsylvania fell by one each. Alaska, Arkansas, California, Kansas, New Mexico, Utah and West Virginia were all unchanged.

  • TOKYO, Jan 13- Iranian condensate exports are set to fall 17 percent to a five-month low this month, a source with knowledge of Iran's preliminary tanker schedule said, as main buyer South Korea cuts purchases by nearly half and takes more barrels from Qatar. Iran, a member of the Organization of the Petroleum Exporting Countries, does not publish monthly data on...

  • Perry, who is President-elect Donald Trump's choice for energy secretary, said in a letter to ethics officials that he resigned Dec. 31 from Energy Transfer Partners LP and Sunoco Logistics Partners LP. The two companies are developing the proposed 1,200- mile crude oil pipeline that has stoked mass protests in North Dakota. Perry also said he has resigned...

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labour minister and the labour union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.