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Oil and Gas Energy Equipment and Services

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labor minister and the labor union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labor minister and the labor union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labour minister and the labour union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labour minister and the labour union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • *Russian gas exports to Europe hit record. *Europe misses the boat despite growth in LNG exports. With the United States finally breaking the seal on LNG exports last year, analysts envisaged the ocean-going tankers challenging Russia's land-locked pipelines supplying Europe in a race that would send gas prices ever lower.

  • Dec 23- Halliburton Co on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court. Halliburton said the company itself would pay $54 million of the $100 million settlement, while its insurer would fund the rest.

  • Dec 23- Halliburton Co on Friday said it had reached a $100 million settlement to resolve a long-running shareholder class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court. The deal resolves a lawsuit in federal court in Dallas accusing Halliburton of misrepresenting its potential liability in asbestos...

  • MARACAIBO, Venezuela, Dec 23- A legal strategy switch by Venezuela's state-owned oil giant PDVSA to portray itself as a victim in a massive bribery scheme detected by the U.S. government is unlikely to lead to compensation and may even backfire. In a case that shook the local oil industry, two prominent Venezuelan oil businessmen were arrested last year in the...

  • LONDON, Dec 21- OPEC and non- OPEC oil producers have agreed to reduce their combined output by more than 1.7 million barrels per day for six months from January 2017. But the agreement contains a provision that it can be extended for a further six months, subject to market conditions. Oil traders are betting on an extension, with most of the rebalancing of the oil...

  • The notice, issued Sunday night, came as the utility continues to have only limited access to fuel in its giant Aliso Canyon gas storage facility in Los Angeles following a massive methane leak between October 2015- February 2016.. California agencies have said in a report looking at the ongoing outage of Aliso Canyon that SoCalGas could have a tough time...

  • Dec 16- U.S. oilfield services firm Forbes Energy Services Ltd is preparing to file for bankruptcy as soon as this month, as it struggles with approximately $300 million in debt, people familiar with the matter said on Friday. Competing oilfield services firms Key Energy Service Inc, C&J Energy Services Ltd and Basic Energy Services Inc have all filed for...

  • The IFR followed recommendations by a U.S. interagency task force in October after a major leak from the Aliso Canyon storage facility in California last year. "This IFR addresses aging infrastructure and is the first step in a multiphase process to enhance the safety of underground natural gas storage," said PHMSA Administrator Marie Therese Dominguez in the...

  • *Exports to Europe to rise 10 pct to 2016 high of 767,000 bpd. TOKYO, Dec 14- Iran's crude oil exports in December are set to fall 8 percent from November to a five-month low, a source with knowledge of its preliminary tanker schedule said, as lower shipments to China and others in Asia offset bumper exports to Europe. Compared with a year ago, Iran's December crude...

  • The increases come amid signs the siege mentality that permeated all parts of Canada's energy industry is lifting after more than two and a half years of slumping prices. Light oil producers have cut costs around 30 percent by squeezing service providers and improving well completion designs to speed up drilling, according to Wood Mackenzie analyst Mark...

  • The increases come amid signs the siege mentality that permeated all parts of Canada's energy industry is lifting after more than two and a half years of slumping prices. Light oil producers have cut costs around 30 percent by squeezing service providers and improving well completion designs to speed up drilling, according to Wood Mackenzie analyst Mark...

  • TOKYO, Dec 7- State-run Japan Oil, Gas and Metals National Corp said it signed a contract with the world's top exporter Saudi Aramco on Wednesday to extend a crude oil storage deal on the island of Okinawa by three years. Japan and Saudi Aramco had earlier been discussing expanding the Okinawa crude storage by about 2 million barrels. Saudi Aramco has stored crude...

  • Dec 1- California agencies expect to complete their safety review of Southern California Gas' Aliso Canyon in early 2017, preventing the utility from injecting natural gas into the Los Angeles storage facility for at least the first half of winter. SoCalGas shut the facility in October 2015 after a massive leak forced the evacuation of thousands in the Porter...

  • Dec 1- California agencies expect to complete their safety review of Southern California Gas' Aliso Canyon in early 2017, preventing the utility from injecting natural gas into the Los Angeles storage facility for at least the first half of winter. SoCalGas shut the facility in October 2015 after a massive leak forced the evacuation of thousands in the Porter...

  • Dec 1- The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United States. And even without increased supplies from elsewhere, if the Organization of the Petroleum Exporting Countries and Russia do...

  • MUMBAI, Nov 30- Indian Strategic Petroleum Reserves Ltd, the government-owned company mandated to store crude oil for emergency needs, has invited initial bids to fill its storage facility in the southern state of Karnataka. ISPRL has a total of 5.33 million tonnes or 36.87 million barrels of storage facilities across three cities in southern India- Vizag,...