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Oil and Gas Energy Equipment and Services

  • Prices for front-month Brent crude futures, the international benchmark for oil, were at $54.28 per barrel at 0149 GMT, up 11 cents from their last close. In the United States, West Texas Intermediate crude futures were up 16 cents at $51.19 a barrel. "We have seen a significant reduction in global oil supply since January, with oil on water going from 978 million...

  • HOUSTON, April 4- Plains All American Pipeline and Magellan Midstream Partners filed an amended breach of contract lawsuit seeking more than $300 million in damages from Stampede Energy over an oil transport deal, according to court documents. Stampede, a privately held midstream operator, failed to meet its minimum volume requirements on the BridgeTex...

  • CHIBA, Japan, April 4- Inpex Corp's $37 billion Ichthys Australian liquefied natural gas project will start shipping ultra-light crude known as condensate by end-2017 and LNG shipments next year, one of the partners in the development told Reuters on Tuesday. The comments from Total Chairman and CEO Patrick Pouyanne suggest further slippage in a project that...

  • RIO DE JANEIRO, April 4- In September, police investigating a wave of killings in the northern Rio de Janeiro suburbs followed a tip to the isolated scrubland near the massive Duque de Caxias oil refinery. The discovery highlighted a fast-growing criminal enterprise in Brazil's oil heartland, between Rio de Janeiro and Sao Paulo. The racket is part of a larger...

  • SAO PAULO, March 31- Odebrecht Ôleo& Gás SA, the offshore oil drilling company owned by Brazil's Odebrecht SA, has won temporary relief from investors despite pledging to honor interest payments on a bond a week after deadline. In a Friday statement, the company known as OOG said investors would receive on April 7 an interest payment on the company's 6.75 percent...

  • SAO PAULO, March 31- Odebrecht Ôleo& Gás SA, the offshore oil drilling company owned by Brazil's Odebrecht SA, has won a temporary relief from a relevant group of bondholders that will help it pay for operational and capital expenses, signaling progress in talks aimed at restructuring $5 billion in debt. In a Friday statement, the company known as OOG said...

  • LONDON, March 31- Swiss-based trading and mining giant Glencore is selling a bundle of its global oil storage stakes, sources told Reuters, following similar moves by rivals as a boom period for storage shows signs of nearing to an end. As the Organization of the Petroleum Exporting Countries decided to cut oil output at the end of 2016 to prop up prices and help...

  • LONDON, March 31- Swiss-based commodities trading and mining giant Glencore is in advanced talks to sell a bundle of its global oil storage stakes, sources familiar with the matter said, following a boom period for storage companies. If the sale reaches completion, Glencore will likely end up with minority stakes in the assets. The portfolio includes assets in...

  • March 28- International offshore driller Ocean RIG UDW Inc filed for Chapter 15 bankruptcy protection in a U.S. court late Monday, hit by cancellations as major oil producing customers withdrew from deep water projects amid falling oil prices. The Cayman Islands holding company, which spent heavily on new drill ships earlier in the decade, said lower oil prices...

  • SAO PAULO, March 27- Vale SA surprised investors with the appointment of Fabio Schvartsman as chief executive officer on Monday, choosing a commodities industry veteran to lead transformation of the world's No. 1 ore producer into a company with dispersed share ownership. Schvartsman, who has been the CEO of Klabin SA, Brazil's largest paper and cardboard...

  • Will the Keystone Pipeline further depress oil prices?

    CNBC's Jackie DeAngelis reports from Nebraska about President Trump's approval for the Keystone XL Pipeline and how it will affect oil prices.

  • March 24- Schlumberger NV said on Friday it would form a joint venture with Weatherford International Plc to deliver oilfield products and services for unconventional resource plays in the United States and Canada. The oilfield equipment maker will get a one-time $535 million cash payment from Schlumberger, the companies said in a joint statement.

  • March 24- Halliburton Co, the world's No. 2 oilfield services provider, warned that its first-quarter profit would likely miss analysts' expectations due to higher costs and weak demand in markets outside North America. Shares of the company, which forecast higher revenue from its U.S. land operations, were up about 1 percent in early trading on the New York Stock...

  • March 24- Halliburton Co, the world's No. 2 oilfield services provider, indicated its first-quarter profit would likely miss analysts' expectations due to higher costs and weak demand in markets outside North America. The company expects its earnings per share to be in the low-single digits in the quarter ending March, Chief Executive David Lesar said on a...

  • March 23- California's air quality board voted unanimously on Thursday to approve methane regulations touted as the strictest adopted yet in the United States for controlling emissions of the second-most prevalent greenhouse gas in the atmosphere. The action comes more than a year after a massive methane leak at the Aliso Canyon gas storage field, owned by...

  • HOUSTON, March 22- Royal Dutch Shell plc, Chevron Corp and Exxon Mobil Corp signaled the oil industry's return to the Gulf of Mexico' s deep waters with high bids in a government auction up 76 percent over a year ago. The auction of offshore oil and gas parcels received nearly $275 million in high bids, compared with $156.4 million a year ago. "Today's strong sale...

  • March 21- Crude oil that leaked into a creek in the Canadian province of Alberta from an Enbridge Inc storage facility has been contained but there is no estimate yet of its volume, the National Energy Board regulator said on Tuesday. The regulator said no injuries, fire or evacuations resulted from Monday's leak at the terminal in Strathcona County, near the...

  • March 21- Crude oil that leaked into a creek in the Canadian province of Alberta from an Enbridge Inc storage facility has been contained but there is no estimate yet of its volume, the National Energy Board regulator said on Tuesday. The regulator said no injuries, fire or evacuations resulted from Monday's leak at the terminal in Strathcona County, near the...

  • March 21- Canada's energy regulator said there were no injuries, fire or evacuations from an oil leak that occurred on Monday at Enbridge Inc's storage facility in Strathcona County, Alberta. The oil from the leak flowed into a storm pond on an adjacent industrial site and then into a creek, the National Energy Board said. The regulator also added that the leak had...

  • JAKARTA, March 21- Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to an $850 million Sinopec oil storage terminal development in Indonesia. "The three red notices have been published for those wanted people," National Police spokesman Boy...