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Oil and Gas Energy Equipment and Services

  • SINGAPORE, March 15- South African petroleum company Engen is set to export a gasoil cargo to Singapore, according to trade sources and shipping data. The company has provisionally booked the Torm Horizon to transport 35,000 tonnes of gasoil to Singapore from Durban, shipping fixtures showed. "South Africa is exporting 500 ppm and importing the lower sulfur...

  • SYDNEY/ TOKYO, March 15- Inpex's $37 billion Ichthys Australian liquefied natural gas project was hit by another subcontractor dispute, involving the termination of more than 600 workers, but the Japanese company said it was still on schedule for a July-September start. Still, the disagreement is the latest potential delay in Australia's $200 billion LNG...

  • *More M&A: Intel buying Mobileye, Wood Group for Amec Foster. NEW YORK, March 13- Major U.S. stock indexes paused on Monday as investors braced for a potential U.S. interest rate hike by the Federal Reserve later in the week, while oil prices hovered near three-month lows. "Other than the Fed on Wednesday, I dont see anything going on to make any decisions on," said Paul...

  • **U.S. investment firm Vista Equity Partners said it would buy Canada's DH Corp in a deal valued at C $4.8 billion, highlighting the growing interest in companies specializing in financial technology. **German chemicals maker Evonik will buy Hamburg- based Dr. Straetmans GmbH, a maker of cosmetic ingredients, for just under 100 million euros. **German engineering...

  • **U.S. investment firm Vista Equity Partners said it would buy Canada's DH Corp in a deal valued at C $4.8 billion, highlighting the growing interest in companies specializing in financial technology. **German chemicals maker Evonik will buy Hamburg- based Dr. Straetmans GmbH, a maker of cosmetic ingredients, for just under 100 million euros. **German engineering...

  • *More M&A: Intel buying Mobileye, Wood Group for Amec Foster. NEW YORK, March 13- Oil prices hovered near three-month lows while a key gauge of world stocks advanced on Monday as investors braced for a busy week for global markets, including a potential U.S. interest rate hike by the Federal Reserve. Friday's strong U.S. employment report solidified a view among Wall...

  • *More M&A: Intel buying Mobileye, Wood Group for Amec Foster. NEW YORK, March 13- Oil prices hovered near three-month lows while a key gauge of world stock indexes advanced on Monday as investors braced for a busy week for global markets, including a potential U.S. interest rate hike by the Federal Reserve. "Right now, the markets appears to be in a wait-and-see phase...

  • **Investment firm Vista Equity Partners said it would buy Canada's DH Corp in a deal valued at C $4.8 billion, in the latest sign of interest in companies specializing in financial technology. **German chemicals maker Evonik will buy Hamburg- based Dr. Straetmans GmbH, a maker of cosmetic ingredients, for just under 100 million euros. **Canada's two biggest pension...

  • **Investment firm Vista Equity Partners said it would buy Canada's DH Corp in a deal valued at C $4.8 billion, in the latest sign of interest in companies specializing in financial technology. **German chemicals maker Evonik will buy Hamburg- based Dr. Straetmans GmbH, a maker of cosmetic ingredients, for just under 100 million euros. **Canada's two biggest pension...

  • LONDON/ FRANKFURT, March 13- European utilities are losing billions of euros from gas storage facilities, potentially triggering site closures and divestments in a market suffering from oversupply and weak demand. Across the European Union, there is around 90 billion cubic meters of gas storage capacity, which can meet more than a quarter of total EU daily...

  • LONDON, March 6- U.S. oil drilling activity has surged but so far the impact on production has been limited because of the long delay in completing wells and reporting output. The number of rigs drilling for oil has almost doubled since hitting a cyclical low at the end of May and is up by more than 50 percent compared with a year ago, according to oilfield services...

  • March 6- U.S. oilfield equipment maker Weatherford International Plc on Monday named Halliburton Co's chief financial officer, Mark McCollum, as president and chief executive officer. McCollum will be replaced at Halliburton, the world's No. 2 oilfield services provider, as interim CFO by Executive Vice President Robb Voyles. Weatherford said interim CEO...

  • March 6- U.S. oilfield equipment maker Weatherford International Plc said it has named Halliburton Co's chief financial officer, Mark McCollum, as president and CEO of the company.

  • LONDON, March 6- U.S. oil drilling activity has surged but so far the impact on production has been limited because of the long delay in completing wells and reporting output. The number of rigs drilling for oil has almost doubled since hitting a cyclical low at the end of May and is up by more than 50 percent compared with a year ago, according to oilfield services...

  • HOUSTON/ CALGARY, March 3- Doug Lucas stood outside a Houston energy conference early one morning last month handing out resumes and hoping to catch the eye of oil executives with a hand-written sign advertising "Petroleum Eng. Cut from oilfield services firm Halliburton Co in 2015, the 26- year-old temporarily turned to lawn care and cable-TV sales jobs while...

  • LONDON, March 2- European shares steadied early on Thursday, pausing after a strong rally in the previous session, with strong earnings updates driving shares in Melrose Industries and Subsea 7.. British mid-cap engineering turnaround specialist Melrose Industries was the top gainer and hit a record high after its full-year revenue more than tripled, helped...

  • SEOUL/ SINGAPORE, Feb 28- South Korean refiner Hyundai Oilbank has purchased a cargo of U.S. Southern Green Canyon crude oil, the country's first import of the grade, three trade sources said on Tuesday. The purchase comes as crude shipments to Asia from places such as the United States have jumped due to low shipping costs and as production cuts by the Organization...

  • *Total eyes cut-price stake in Iran LNG project-sources. *Iran seeks to jumpstart gas exports after sanctions. Iran shares the world's biggest gas field with Qatar, which has used the reserves to build over a dozen giant liquefaction plants to chill gas into a liquid for export on ships-- a move Iran is keen to replicate.

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices fell about 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices slid nearly 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.