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Oil and Gas Energy Equipment and Services

  • *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.

  • *OPEC compliance 88 percent based on industry average. NEW YORK, Feb 24- Oil prices fell on Friday despite OPEC pledges to boost compliance with output curbs, on concerns over rising U.S. supplies and as traders begin to pull out crude barrels from pricey storage as physical markets show signs of tightening. "The oil market remains focused on the global rebalancing...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *U.S., Asia traders start selling most costly stored crude. Their joint compliance with a production-reduction deal reached at the end of last year was around 86 percent in January, according to OPEC sources quoting results from a technical committee meeting held this week.

  • West Texas Intermediate was down 16 cents at $54.29 by 0728 GMT. While OPEC appears to be sticking to its deal, producers that were not part of the deal, particularly U.S. shale drillers, have increased output, driving the growth in inventories in the United States, the world's biggest oil consumer. "Current oil prices are neither sustainable for OPEC or the industry,"...

  • NEW YORK/ HOUSTON, Feb 24- Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities. From Houston through Louisiana to floating storage in the Gulf of Mexico, traders are starting to ship crude...

  • Offshore production from the Gulf of Mexico accounted for more than half the total gain, adding an extra 175,000 bpd, with output from Alaskas North Slope also up 61,000 bpd. However, production increases were also reported from onshore predominantly shale plays in North Dakota, Oklahoma, New Mexico and Texas. Production from the contiguous United States...

  • Offshore production from the Gulf of Mexico accounted for more than half the total gain, adding an extra 175,000 bpd, with output from Alaskas North Slope also up 61,000 bpd. However, production increases were also reported from onshore predominantly shale plays in North Dakota, Oklahoma, New Mexico and Texas. Production from the contiguous United States...

  • Workers secure solar panels to a rooftop during a SolarCity Corp. residential installation in Albuquerque, New Mexico, U.S., on Monday, Feb. 8, 2016.

    SolarCity has reached long-term lease agreements with homeowners shortly before or even after they defaulted on mortgages, the NYT reports.

  • *FTSE 100 down 0.3 pct. *FTSE 350 bank index scores worst day since Brexit. The blue-chip FTSE index fell 0.3 percent, with HSBC down 6.5 percent, its worst day in 18 months, after its results.

  • *FTSE 100 down 0.2 pct. *FTSE 350 banks index heads for worst day since Brexit. Britain's blue-chip FTSE index was down 0.2 percent, with HSBC, the first bank to report earnings this week, down 6.5 percent, heading for its worst day in 18 months after its results.

  • BAGHDAD, Feb 17- Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi said in a statement on Friday. The nation's tanker fleet was largely destroyed during the U.S.-led offensive to dislodge Iraq from Kuwait in 1991, according to the state-run Iraqi Oil Tankers Company's website.

  • *Offers made to selected buyers in Asia. SINGAPORE, Feb 16- Abu Dhabi National Oil Company has offered Murban crude to be loaded in April from its oil storage in South Korea, three trade sources said on Thursday. The rare offer was made to a pool of selected buyers in Asia and ADNOC did not specify what volume it planned to sell, they said.

  • *OPEC delivered 93 percent of pledged output curbs in January. *ABN Amro reduces Brent price forecast for H1 2017 to $50/ bbl. Investors were meanwhile underwhelmed by an OPEC report showing high compliance with last year's production-cut deal.

  • *OPEC delivered 93 percent of pledged output curbs in January. NEW YORK, Feb 13- Oil on Monday declined by about 2 percent, the most since mid January, as a stronger dollar and signs of rising U.S. crude output pressured prices while an OPEC report showing high compliance with last year's production-cut deal underwhelmed investors. Brent futures were down $1.17, or...

  • *Figures show 93 pct OPEC compliance with output deal. *Saudi cut deeper than expected- OPEC. LONDON, Feb 13- Oil fell more than 1 percent on Monday after an OPEC report showing high compliance with last year's landmark production- cut deal underwhelmed investors while signs of rising U.S. crude output continued to weigh on prices.

  • LONDON, Feb 10- Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year. On Feb. 9, the structure of Brent futures prices provided around 37 cents per barrel to hold stocks between April and May and around 33 cents to hold stocks from May to June. But the spread from June to July is...

  • LONDON, Feb 10- Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year. On Feb. 9, the structure of Brent futures prices provided around 37 cents per barrel to hold stocks between April and May and around 33 cents to hold stocks from May to June. But the spread from June to July is...

  • *says opened a proceeding at its public voting meeting on Thursday to determine feasibility of minimizing or eliminating the use of Southern California Gas Company's Aliso Canyon natural gas storage facility while still maintaining energy and electric reliability for the Los Angeles region. SoCalGas is owned by California energy company Sempra Energy...

  • *says Southern California Gas Co will pay $8.5 million, including funding for an independent health study, under a settlement with the SCAQMD resulting from the massive gas leak at the company's Aliso Canyon storage facility. *says the settlement specifies that of the $8.5 million, $1 million will be designated for a SCAQMD-sponsored health study; $5.65...