Oil and Gas Energy Equipment and Services

  • *Europe "best place" for a slowdown that doesn't hit energy-Citi. *Oil refining hubs shift outside Europe. "GDP in the UK and Europe is not energy intensive, and indeed oil demand has been in decline since 2007," Jefferies analysts wrote in a note.

  • RIO DE JANEIRO, June 27- When U.S. data storage provider EMC Corp opened an oil and gas research center in Rio de Janeiro's Technology Park in 2014, it failed to anticipate a looming downturn in Brazil's booming oil industry. Today, the park's main tenant, state-controlled oil company Petrobras, is hemorrhaging money amid slumping oil prices and the site's...

  • WASHINGTON, June 28- The U.S. Supreme Court on Tuesday agreed to weigh Venezuela's bid to block a lawsuit filed by an American oil drilling company that claims the South American country unlawfully seized 11 drilling rigs six years ago. The high court will review a May 2015 ruling by the U.S. Court of Appeals for the District of Columbia Circuit that allowed one of...

  • WASHINGTON, June 28- The U.S. Supreme Court on Tuesday agreed to weigh Venezuela's bid to block a lawsuit filed by an American oil drilling company that claims the South American country illegally seized 11 drilling rigs six years ago.

  • June 24- U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices pull back after a recent rally to an 11- month high over $51 a barrel. Despite a decline in U.S. crude to below $48 a barrel on Friday after Britain voted to leave the European Union, several companies said...

  • June 24- U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices pull back after a recent rally to an 11- month high over $51 a barrel. Despite a decline in U.S. crude to below $48 a barrel on Friday after Britain voted to leave the European Union, several companies said...

  • CARACAS, June 23- Oil prices will likely rise by $10 per barrel this summer, Venezuela's oil minister said on Thursday, adding that the South American OPEC nation's output could increase as much as 200,000 barrels per day in the next six months. Del Pino said state oil company PDVSA has launched a broad effort that includes co-operation with joint ventures and new...

  • June 22- U.S. natural gas utility Southern California Gas kept fuel supplies flowing as temperatures rose this week, passing its first test of the summer since the closure of its Aliso Canyon storage facility. SoCalGas, a unit of California energy company Sempra Energy, shut Aliso Canyon after detecting a massive leak in October. As residents in the Los Angeles...

  • MEXICO CITY, June 22- Rowdy teacher protests in southern Mexico have caused delays and bottlenecks in transporting fuel from the country's top refinery in Salina Cruz, and state oil giant Pemex is on alert for new roadblocks, a company official said on Wednesday. A key highway used by the refinery to transport nearly all of the gasoline and diesel it produces has...

  • FROM SEPT 2015 TO MARCH 2016 U.S.

  • LOS ANGELES, June 20- California's power grid operators warned homes and business on Monday to conserve electricity as rising demand for air conditioning stoked by a record-setting heat wave across the U.S. The alert was the first big test of power generators' ability to meet heightened energy demands in the greater Los Angeles area without natural gas...

  • VANCOUVER, June 20- The City of Vancouver said on Monday it had taken legal action against the Canadian energy regulator's approval of Kinder Morgan's Trans Mountain pipeline expansion, which would increase the number of oil tankers passing through city waters. The city filed its application for judicial review at the Federal Court of Appeal in Vancouver on...

  • The alert marked the first big test of power generators' ability to meet heightened energy demands in the greater Los Angeles area without natural gas supplies normally furnished by the now-crippled Aliso Canyon gas storage field, effectively idled since a major well rupture there last fall. Southern California Gas Co, the division of San Diego- based utility...

  • VANCOUVER, June 20- The City of Vancouver said on Monday it had taken legal action against the Canadian energy regulator's approval of Kinder Morgan's Trans Mountain pipeline expansion, which would increase the number of oil tankers passing through city waters. The regulator said it found the C $6.8 billion project, which would boost capacity from 300,000...

  • MARSEILLE, France, June 18- France's hardline CGT union ended on Friday a strike that had paralysed traffic for 26 days at the Fos Lavera oil terminals on the Mediterranean, the country's biggest oil hub, a management official at port operator Fluxel said. "Unloading resumed at the port at 9 p.m. on Friday," the official told Reuters. More than 50 oil tankers and other...

  • CARACAS, June 14- Hungry Venezuelans are rioting and looting amid worsening food shortages, but the OPEC country's remote oil fields have been sheltered from the social unrest so far. But Venezuela's blistering economic crisis is hitting them full on. Output in the country, which has the world's largest oil reserves, dropped to 2.37 million barrels per day in May,...

  • SYDNEY, June 14- Monaco- based oil services company Unaoil said on Tuesday it was launching legal action against Australia's Fairfax Media group, publisher of the Sydney Morning Herald, over reports linking it to corrupt practices involving big oil companies. Fairfax Media and the Huffington Post said in a joint report in April that the U.S. Department of...

  • CARACAS, June 14- Hungry Venezuelans are rioting and looting amid worsening food shortages, but the OPEC country's remote oil fields have been sheltered from the social unrest so far. Venezuela's blistering economic crisis, however, is hitting them full on. Amid a cash crunch, Venezuela's oil fields are suffering from shortages of spare parts, the retreat of oil...

  • OSLO, June 14- A reawakening of Norwegian high-yield corporate bonds has raised hopes of an eventual resurgence for the multi-billion dollar market, which has dried up as the oil industry grapples with lower prices. This interest is due to a rise in oil prices, with Brent crude at just under $50 from a January low of $27, and the fact that Norwegian companies are...

  • SYDNEY, June 14- Monaco- based oil services company Unaoil said on Tuesday it was launching legal action against Australia's Fairfax Media group, publisher of the Sydney Morning Herald, over reports linking it to corrupt practices involving big oil companies. Fairfax Media and the Huffington Post said in a joint report in April that the U.S. Department of...