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Oil and Gas Energy Equipment and Services

  • 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,...

  • Nov 9- Weatherford International Plc said on Wednesday Chief Executive Bernard Duroc-Danner has left the company, effective immediately, and the oilfield services company named Chief Financial Officer Krishna Shivram its interim CEO. Weatherford's unit, Weatherford International LLC, agreed in September to pay a $140 million penalty to settle charges...

  • TOKYO, Nov 9- Iran's crude oil exports are set to fall 7.5 percent in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand in Europe takes the edge off its post-sanctions export bonanza. Iran's oil exports typically hit a low around October or November each year, reflecting peak refinery maintenance...

  • Nov 8- The Los Angeles County Board of Supervisors said on Tuesday it would vote on Nov. 9 on a motion calling on California Governor Jerry Brown to continue restricting natural gas injection into Southern California Gas's Aliso Canyon storage facility. The motion asks that injection be halted until California's Public Utilities Commission completes a...

  • *China's oil data weakens further. A month on, however, Asia's oil markets remain oversupplied, with tankers being chartered for floating storage as onshore facilities are full. There is floating storage in and around Singapore, and Korean storage tanks are full, "said Oystein Berentsen, managing director for crude at oil trading firm Strong Petroleum in...

  • U.S. shale oil companies, which pump sand into oil wells to make them more efficient, were ravaged by a 2014 global crude glut that hammered prices from more than $100 a barrel to near $26 in February 2016. Silica Holdings Inc of Frederick, Maryland; Southlake, Texas- based Emerge Energy Services LP; and Hi Crush Partners LP in Houston all saw increased business in the...

  • Nov 4- U.S. oil drillers increased rigs this week for a 20th week in the last 23, 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 134 oil rigs, its biggest...

  • Nov 4- U.S. oil drillers increased rigs this week for a 20th week in the last 23, 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 134 oil rigs, its biggest...