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Oil and Gas Energy Equipment and Services

  • *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...

  • 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.

  • Global benchmark Brent crude oil prices settled down 29 cents at $55.23 a barrel, while U.S. crude futures settled down 54 cents at $52.63. First indications of compliance to that deal show members have cut production by 900,000 barrels per day in January, according to Petro-Logistics, which tracks OPEC supply. Reuters' most recent survey indicated that OPEC...

  • *2018 price rise above $60/ bl requires deeper cuts- analysts. Global benchmark Brent crude oil prices were down 39 cents at $55.13 a barrel at 11:16 EST, while U.S. crude futures traded down 53 cents at $52.64. First indications of compliance to that deal show members have cut production by 900,000 barrels per day in January, according to Petro-Logistics, a company...

  • *OPEC cut 900,000 bpd in January- Petro-Logistics. Global benchmark Brent crude oil prices were down 24 cents at $55.28 a barrel at 1438 GMT, while U.S. crude futures traded down 25 cents at $52.92. "Oil prices are down because of the rise in the U.S. rig count," said Tamas Varga, analyst at PVM Oil Associates in London.

  • *OPEC cut 900,000 bpd in January- Petro-Logistics. Global benchmark Brent crude oil prices were down 5 cents at $55.47 a barrel at 1226 GMT, while U.S. crude futures traded up 9 cents at $53.26. First indications of compliance to that deal show that members have cut production by 900,000 barrels per day in January, according to Petro-Logistics, a company that tracks...

  • *OPEC cut 900,000 bpd in January- Petro-Logistics. Global benchmark Brent crude oil prices were down 25 cents at $55.26 a barrel at 1010 GMT, while U.S. crude futures slipped 8 cents to $53.09. He also added that Petro-Logistics' report that OPEC members had cut production by 900,000 barrels per day in January was "not very encouraging" because it implied that only 75...

  • Jan 26- A small hole on a weld between two segments of a shallow four-inch pipe has been discovered on a pipeline that leaked some 200,000 liters of oil onto aboriginal land in Saskatchewan last week, provincial officials said on Thursday. They also said the roughly 2- kilometer- stretch of pipeline, which is owned by Tundra Energy Marketing Inc and feeds into the...

  • Jan 26- Oilfield services provider Baker Hughes Inc, which is being acquired by General Electric Co, said crude oil prices would need to rise by roughly another 15 percent to spur producers to spend more on drilling outside North America. Oil prices in the mid- to upper- $50 s-per-barrel range would encourage North American producers, while prices above $65 per...

  • Jan 26- Oilfield services provider Baker Hughes Inc, which is being acquired by General Electric Co, said crude oil prices would need to increase by another 15-16 percent to encourage producers to boost drilling outside North America. Oil prices in the mid- to upper- $50 s-per-barrel range would encourage North American producers to boost spending, while crude...

  • DUBAI/ KHOBAR, Saudi Arabia/ LONDON, Jan 26- State oil giant Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources said on Thursday. Aramco, whose fields are estimated to contain 15 percent of the world's oil, has asked a unit of oil services firm...

  • Jan 26- Oilfield services provider Baker Hughes Inc, which is being acquired by General Electric Co, indicated that higher shale drilling in North America would lead an industry recovery, while international demand would stay subdued. Baker Hughes, which will be the world's No. 2 services firm after its merger, said drilling activity and pricing pressure...

  • Jan 26- Oilfield services provider Baker Hughes Inc said it expected revenue from its onshore business in North America to increase in the first half of the year as customers ramp up drilling activity and pricing improves. Improvement in pricing would remain limited as the market remained oversupplied, Baker said, joining bigger rivals Halliburton Co and...

  • Jan 26- Oilfield services provider Baker Hughes Inc, which is being acquired by General Electrical Co, said its fourth-quarter loss was smaller than a year ago, when it booked a $1.25 billion impairment charge. Net loss attributable to Baker Hughes was $417 million, or 98 cents per share, in the quarter ended Dec. 31, compared with a loss of $1.03 billion, or $2.35 per...