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Oil and Gas Energy Equipment and Services

  • TOKYO, Nov 30- Japan's total oil sales reached a 34- year low for the month of October, hurt by slow demand for fuel oil, kerosene and gas oil, trade ministry data showed on Wednesday. Sales of' fuel oil B, C', varieties used for power generation and shipping, were down 2 percent at 189,292 bpd, the lowest for the month since 1959. Japan's crude oil imports in October fell 2.1...

  • LONDON, Nov 29- Saudi Arabia is one of the very few countries which has increased its drilling for new oil and gas wells since prices began to slump in the middle of 2014.. However, the number of rigs operating in Saudi Arabia has climbed from 105 to 126 over the same period, according to oilfield services company Baker Hughes. The only other countries to report a...

  • LAUNCESTON, Australia, Nov 29- Saudi Arabia's problems run far deeper than trying to cobble together a deal with fellow OPEC members to curb crude oil output in order to bolster prices. About two-thirds of Saudi Arabia's oil exports head to Asia, and the kingdom's struggles in the region's two biggest importers, China and India, are symptoms of its wider issues in...

  • DOHA, Nov 29- Qatar Navigation's purchase of Qatar Petroleum's stake in oilfield services firm Al Shaheen Holding has been delayed, the chairman of the shipping firm known as Milaha told Reuters on Tuesday. Al Shaheen has three joint ventures in oilfield services, two of which are with GE Oil and Gas. Milaha said in June it had reached a preliminary agreement with...

  • LAUNCESTON, Australia, Nov 29- Saudi Arabia's problems run far deeper than trying to cobble together a deal with fellow OPEC members to curb crude oil output in order to bolster prices. About two-thirds of Saudi Arabia's oil exports head to Asia, and the kingdom's struggles in the region's two biggest importers, China and India, are symptoms of its wider issues in...

  • Nov 23- At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three years ago had a staff of more than 1,000 and offices around the world. In Global Geophysical's first bankruptcy, a fight among creditors was in part to blame for leaving it with more than...

  • Nov 23- At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three years ago had a staff of more than 1,000 and offices around the world. In Global Geophysical's first bankruptcy, a fight among creditors was in part to blame for leaving it with more than...

  • Nov 21- Tesoro Logistics LP said it would buy some oil, natural gas and other gathering systems in North Dakota for about $700 million, and will also acquire terminal and storage assets from major shareholder Tesoro Corp for about $400 million. The North Dakota assets, which the company is buying from a group that includes Whiting Oil and Gas Corp, consist of over...

  • Nov 21- Tesoro Logistics LP said on Monday it would buy crude oil, natural gas and other gathering systems in North Dakota from a consortium for about $700 million. Tesoro Logistics also said it would buy terminal and storage assets located in Martinez, California from a subsidiary of oil refiner Tesoro Corp for about $400 million. The consortium selling the...

  • Nov 21- Hedge fund Elliott Management, which owns about 4 percent of Marathon Petroleum Corp, urged the company to conduct a strategic review and consider splitting into three businesses. Marathon should consider spinning off of its chain of gasoline and convenience stores or break into three businesses, focused on retailing, refining and midstream...

  • The Department of the Interior released a 2017 to 2022 leasing plan that blocked drilling in the Chukchi and Beaufort Seas off northern Alaska. It also limited petroleum development in the Cook Inlet off south-central Alaska. President Barack Obama, who last year became the first sitting president to cross the Arctic Circle, has made fighting climate change...

  • CARACAS/ HOUSTON, Nov 16- Two consortia including Japanese engineering firm JGC Corp and French oil services company Technip have been shortlisted to undertake a roughly $680 million overhaul of Aruba's refinery, according to three sources close to the deal. The contract is expected to be awarded in coming days, the sources in Caracas and Houston said.

  • JAPAN'S FAIR TRADE COMMISSION STARTS PROBE OF LNG SHIPPING RESTRICTIONS- SOURCE.

  • *Singapore's offshore oil and gas sector faces wave of defaults. SINGAPORE, Nov 15- When troubled Malaysian oil and gas services provider Perisai Petroleum Teknology asked bondholders for more time to pay them back, one investor from Singapore said she thought the bonds' coupons had something to do with free parking. She invested about S $260,000 of a fortune she...

  • *Singapore's offshore oil and gas sector faces wave of defaults. SINGAPORE, Nov 15- When troubled Malaysian oil and gas services provider Perisai Petroleum Teknology asked bondholders for more time to pay them back, one investor from Singapore said she thought the bonds' coupons had something to do with free parking. She invested about S $260,000 of a fortune she...

  • TOKYO, Nov 14- Oil prices extended declines into a third session on Monday, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. OPEC plans to cut or freeze output, but investors are skeptical that such a deal will be reached during the cartel's Nov. 30 meeting and are also concerned that whatever agreement...

  • TOKYO, Nov 14- Oil prices extended declines into a third session on Monday, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. OPEC plans to cut or freeze output, but investors are sceptical that such a deal will be reached during the cartel's Nov. 30 meeting and are also concerned that whatever agreement...

  • Nov 11- U.S. oil drillers increased rigs this week for a 21th week in the last 24, as energy firms follow through on plans to add rigs made months ago when crude was still trading over the key $50 a barrel level analysts said should lead to more drilling. RIG-OL-USA- BHI> Since crude topped $50 a barrel in May, June and October, drillers have added 136 oil rigs, its biggest...

  • *OPEC says October output reaches fresh high. *IEA sees glut far into 2017 unless OPEC cuts output. NEW YORK, Nov 11- Oil prices tumbled more than 3 percent on Friday after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market.

  • Nov 10- The volume of natural gas in storage in the United States hit a record high last week, despite one of the smallest builds in history during this year's injection season, as production declines for the first time in over a decade. The U.S. Energy Information Administration on Thursday said stockpiles hit 4.017 trillion cubic feet during the week ended Nov. 4,...