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Energy Equipment and Services

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  • July 15- Growing doubts that regulators may not approve Halliburton Co's $35- billion takeover of fellow oilfield services company Baker Hughes Inc this year has thrown up a high-reward opportunity for investors with an appetite for risk. Baker Hughes' stock was trading at a discount of 8 percent to $67, which is what Halliburton's cash-and-stock offer was...

  • SEOUL, July 15- South Korea plans to construct liquefied natural gas bunkering terminals at some of its ports as part of a drive to dominate the market for building ships fuelled by both oil and gas. LNG-fuelled tankers and the bunkering markets to support them are expected to grow rapidly in Europe and China as restrictions on greenhouse gas emissions boost...

  • July 13- Royal Dutch Shell PLC said on Monday an icebreaker crucial to planned Arctic oil drilling will be sent to Portland, Oregon to repair a gash in its hull, but the issue is not expected to delay the beginning of drilling off Alaska later in July. Voyage time between Portland and southern Alaska should not delay the company's plans to begin drilling off...

  • BEIJING, July 13- China's June crude oil imports rose 27 percent on year, customs data showed on Monday, putting the world's second largest economy into contention again for topping the United States as the biggest buyer of the commodity on international markets. China imported 29.49 million tonnes, or 7.176 million barrels per day in June, data from the General...

  • Drillers added oil rigs in two of the four major U.S. shale oil basins- eight rigs in the Permian in West Texas and eastern New Mexico and one in the Niobrara in Colorado and Wyoming- and cut five rigs each in the other two basins- the Eagle Ford in South Texas and the Bakken in North Dakota and Montana. On Friday, crude futures traded between $52 and $54 a barrel in see-saw...

  • Analysts said prices this week collapsed in part due to oversupply concerns with U.S. energy firms starting to drill again, a falling Chinese stock market, failing talks between Greece and its euro zone creditors, and worries over the status of negotiations between Iran and world nuclear powers. On Friday, crude futures traded between $52 and $54 a barrel in...

  • OIL DRILLERS ADD RIGS FOR A SECOND WEEK IN A ROW- BAKER HUGHES.

  • CARACAS, July 8- Venezuela's request to review a $46 million compensation claim it has been ordered to pay to oil service company Tidewater was rejected and the stay on the award's execution lifted, a World Bank tribunal said in a decision posted on its website on Wednesday. The South American OPEC country had sought a revision "based on what it describes as an...

  • SAO PAULO, July 6- Offshore oil driller Ensco Plc said in a statement on Monday it has found no evidence of wrongdoing by its employees or other representatives in a regular compliance review of operations in Brazil. The statement was in response to comments from Brazilian prosecutor Carlos Fernando dos Santos Lima on Thursday alleging that Jorge Zelada,...

  • LONDON, June 29- Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of drillers operating in region. He said Argentina was conducting a "flagrant and unacceptable campaign to strangle the Falkland Islands...

  • HOUSTON, June 29- Petty legal filings. Oilfield services provider Nabors Industries Ltd, for example, counted non-votes from brokers as votes against the proposal. Shale oil company Pioneer Natural Resources Co filed a last-minute counterproposal calling for a higher ownership threshold of 5 percent, which institutional investors say is much harder to...

  • *Brent up 6 cents a barrel, U.S. crude down 7 cents. NEW YORK, June 26- Crude futures ended little changed on Friday after signs Greece might have a deal by the weekend to avoid a debt default, while Iran faced continued difficulty in securing an nuclear agreement to end sanctions on its oil exports. In Greece, Finance Minister Yanis Varoufakis said he saw no reason for...

  • It was the 29th straight weekly decline, bringing the total down to 628, the lowest since August 2010, oil services company Baker Hughes Inc said in its closely followed report. In the latest week, drillers removed two rigs in the Permian, the biggest U.S. shale oil play in West Texas and eastern New Mexico, and three in the Bakken centered in North Dakota.

  • Asia oil pricing change to raise trade volumes Thursday, 25 Jun 2015 | 11:44 PM ET

    The change in how fuel oil, diesel, jet fuel and gasoline are assessed for loadings out of Singapore and Malaysia takes a borderless approach similar to that in the world's largest oil storage hub Amsterdam- Rotterdam- Antwerp. The main change is that from July in Platts' free-on-board Singapore price assessments- the basis for most contract and spot deals done in...

  • June 25- Oil and natural gas producer Magnum Hunter Resources Corp said it expected to raise $600- $700 million by selling its 45.53 percent stake in its natural gas gathering subsidiary, Eureka Hunter Holdings. Magnum Hunter had $13.7 million in cash and cash equivalents and total debt of $951 million as of March 31, according to Thomson Reuters data.

  • Magnum Hunter looking to divest stake in pipeline unit Thursday, 25 Jun 2015 | 6:40 AM ET

    June 25- Oil and natural gas producer Magnum Hunter Resources Corp said it expected to raise $600- $700 million by selling its 45.53 percent stake in its natural gas gathering subsidiary, Eureka Hunter Holdings. The potential deal would allow Magnum Hunter to restructure its balance sheet and improve its current liquidity position, the company said.

  • Asia renewable bond market set for takeoff: ADB Monday, 22 Jun 2015 | 9:34 PM ET
    Cows graze in front of wind turbines at the Bharat Light & Power Amberi wind farms in Rewalkawadi, Maharashtra, India.

    Renewable energy bond issuance is set to take off in Asia as new regulations push banks to step back from extending loans to projects, the ADB said.

  • Overall, drillers reduced the number of rigs by four this week, oil services company Baker Hughes Inc said in its closely followed report. The number of oil rigs in the Permian, the nation's biggest shale oil field located in West Texas and eastern New Mexico, climbed to 232 this week, up one from the lowest level in at least four years last week, according to Baker...

  • CRUDE LITTLE CHANGED AFTER OIL SERVICES FIRM BAKER HUGHES REPORTS REDUCTION OF 4 U.S.

  • *Greece concerns boost dollar, weaken oil. *Coming Up: Baker Hughes oil rigs report at 1700 GMT. Market participants will be looking out for oil services firm Baker Hughes' latest weekly reading on the U.S. oil rig count at 1:00 p.m. Eastern time to decide on further direction.