Oil and Gas Energy Equipment and Services

  • *China storage space running out- PVM. LONDON, Aug 5- Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports. West Texas Intermediate crude futures fetched $41.74 per barrel at 0930 GMT, down 19 cents from their last close, after trading as low as $41.44...

  • *China crude imports set to soften- BMI Research. SINGAPORE, Aug 5- Oil prices fell by 1 percent on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China's imports, ending a two-day short-covering rally. On the demand side, BMI Research said China's imports were weakening from records set in 2015 and this year.

  • *China crude imports set to soften- BMI Research. SINGAPORE, Aug 5- Oil prices fell on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China's imports, ending a two-day short-covering rally. On the demand side, BMI Research said China's imports were weakening from records set in 2015 and this year.

  • SINGAPORE, Aug 5- Oil prices eased in early trading on Friday, but remained well above this week's lows as traders covered short positions after profiting from sharp declines since June. West Texas Intermediate crude futures were trading at $41.81 per barrel at 0029 GMT, down 12 cents from their last close but still up over 6 percent from their low fo the week on...

  • LONDON, Aug 4- Britain could go into next winter with very low levels of gas stocks, according to estimates by Centrica Storage Limited for withdrawals from its Rough gas storage site, published on Thursday. Centrica, which owns British Gas, one of Britain's largest energy suppliers, imposed restrictions in March last year on how much gas could be stored at Rough as...

  • SINGAPORE, Aug 3- Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. West Texas Intermediate crude futures were trading at $39.54 per barrel at 0651 GMT, slightly above their last close...

  • SINGAPORE, Aug 3- Oil prices edged up in early trading on Wednesday, supported by a weaker dollar, but U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. West Texas Intermediate crude futures were trading at $39.77 per barrel at 0350 GMT, up 26 cents from their last...

  • SINGAPORE, Aug 3- Oil prices edged up early on Wednesday, supported by a weaker dollar, but U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. West Texas Intermediate crude futures were trading at $39.63 per barrel at 0027 GMT, up 12 cents from their last settlement...

  • The company said the near-term rig count would increase gradually only when oil prices stablilize at $50 per barrel. Its long-term debt was $3.5 billion as of June 30. Net loss attributable to Nabors widened to $184.7 million, or 65 cents per share, in the second quarter ended June 30, from $36.8 million, or 13 cents per share, a year earlier.

  • Aug 2- A Husky Energy Inc oil spill into a major Canadian river on July 20 was the third in the same area in eight months, government records showed, and could put new pressure on the province of Saskatchewan's energy regulator to improve its monitoring of pipelines. "In some ways, the oil industry in Saskatchewan has been given a free pass by the province," said Emily...

  • More than 1,570 barrels of heavy oil and diluent leaked from Husky's Saskatchewan Gathering System pipeline on July 21, flowing into the North Saskatchewan River. Municipalities including the cities of Prince Albert and North Battleford have stopped drawing drinking water from the river, and using other sources temporarily. "Prince Albert... we'll talk with...

  • NEW YORK, Aug 1- Oil prices fell more than 3 percent on Monday, with U.S. crude hitting April lows, weighed by a survey showing output in OPEC reached record highs last month amid the biggest addition of U.S. oil rigs in two years. Production in July by the Organization of the Petroleum Exporting Countries likely rose to its highest in recent history, a Reuters survey...

  • July 29- U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast doubts on a substantial recovery in drilling this year with crude prices heading for their biggest monthly loss in a year. The market was on track for a monthly loss of about 15 percent, and is down...

  • *Simple European refiners begin run cuts of up to 5 pct. LONDON, July 29- Energy companies' lifeline during the rout in oil prices- refining and downstream- has withered but the fall in margins is hardly a surprise for European refiners, which are turning again to survival strategies honed during the tough years. "Last year was the best year on record for European...

  • July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, said demand rose for some of its products and services in North America in recent weeks, as drillers put rigs back to work. "Like others in our space, we believe we are seeing some isolated green shoots of activity," Chief Executive Clay Williams said on a post-earnings call.

  • *Q2 loss/shr $0.90 vs est loss of $0.62. July 28- Oilfield services provider Baker Hughes Inc said it did not expect a substantial recovery in drilling and pricing in North America this year, in contrast with comments from bigger rivals Schlumberger Ltd and Halliburton Co.. "I believe oil prices in the upper $50 s at a minimum are required for a sustainable recovery...

  • July 28- Oilfield services provider Baker Hughes Inc reported a bigger-than-expected quarterly loss, hurt by weak drilling activity and pricing, and said it did not expect a substantial recovery in North America this year. "I believe oil prices in the upper $50 s at a minimum are required for a sustainable recovery in North America," Baker Hughes Chief Executive...

  • July 28- Baker Hughes Inc reported a bigger-than-expected quarterly loss, hurt by lower drilling activity and pricing, and the oilfield services provider said it did not expect North America activity to increase substantially this year. "In the second half of 2016, excluding the seasonality in Canada, we do not expect activity in North America to meaningfully...

  • July 28- Oilfield services provider Baker Hughes Inc reported a bigger quarterly loss, hurt by impairment and restructuring charges related to writedown of assets, job cuts and contract terminations. Net loss attributable to the company widened to $911 million, or $2.08 per share, in the second quarter ended June 30 from $188 million, or 43 cents per share, a year...

  • July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a quarterly loss, compared with a year-earlier profit, due to lower demand amid reduced drilling activity. Net loss attributable to the company was $217 million, or 58 cents per share, in the second quarter ended June 30, compared with a profit of $289 million, or 74 cents per...