Oil and Gas Energy Equipment and Services

  • ANKARA, June 8- Iran said on Wednesday it had stopped exports of liquefied petroleum gas to Japan, but there were other customers available to buy the Islamic republic's LPG, the semi-official Mehr news agency reported. Japan's official customs-cleared trade data showed it last imported Iranian LPG in February 2012, before tough Western sanctions on tanker...

  • Traders have been scooping up more gas from Canada, the world's fifth largest producer, in recent months after prices at the AECO hub in Alberta sank to a big discount to the U.S. benchmark. In addition, gas demand is rising as the United States exports more gas to Mexico via pipeline and ramps up exports of liquefied natural gas to the world, traders said.

  • SAO JOAO DA BARRA, Brazil, June 7- Chevron Corp plans to sign a five-year agreement to lease berthing space for its vessels from U.S. oil service company Edison Chouest Offshore, Chouest's head of Brazilian operations Ricardo Chagas said on Tuesday. Chouest's 950- million-real base is located at Prumo Logistica's Port of Acu, on the northeast coast of Rio de...

  • ATHENS, June 6- Moves by China to stockpile oil are providing a further boost to the tanker shipping market which is already buoyant due to global bargain-hunting caused by lower crude prices, shipowners said on Monday. China is expected to add 70-90 million barrels to its strategic crude oil purchases in 2016 as it takes advantage of low prices, a Reuters survey...

  • "Debt incurred to finance its failed bid to acquire Baker Hughes Inc together with the negative impact on profitability and cash flow of the very weak oilfield services environment have eroded HAL's credit metrics to levels which no longer support its A2 rating," Moody's Vice President Andrew Brooks wrote. Halliburton agreed to pay a $3.5 billion breakup fee...

  • U.S. OIL DRILLERS ADD RIGS FOR SECOND TIME IN 2016 -BAKER HUGHES.

  • June 2- California natural gas prices spiked to a five-month high after state regulators approved rules to help gas utilities manage the amount of fuel flowing in pipelines due to the ongoing outage of the Aliso Canyon underground storage facility. In October, Southern California Gas, the nation's biggest gas distribution utility, detected a major leak at...

  • MIDLAND, Texas/ HOUSTON, June 2- As crude prices plummeted last summer, Steve Pruett, chief executive of a small west Texas oilfield developer, idled a drilling rig, opting to pay $21,000 a day to store it rather than dig more wells and risk bigger losses. With crude prices now nearly double their February lows near $26 per barrel, new wells in the Permian Basin- North...

  • May 27- U.S. oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, even as crude prices this week tested a seven-month high at $50 a barrel. They broke above the $50- mark on Thursday and were trading around $49 on Friday with analysts predicting range-bound markets for the next few months as supply outages...

  • May 27- U.S. oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, despite crude prices this week testing a seven-month high at $50 a barrel. U.S. oil futures have recouped about half of their losses and broke above the $50- mark on Thursday and were trading around $49 on Friday with analysts predicting...

  • *Merged entity to be domiciled in London. The new group, to be domiciled in London, would have combined revenue of $20 billion and the merger is expected to deliver annual pretax savings of at least $400 million by 2019, as well as boost earnings per share significantly, the companies said in a statement. Shares in Technip, which builds oil rigs and refineries and...

  • PARIS, May 19- France's Technip announced an all-stock merger with U.S. rival FMC Technologies to create an oil services group with combined revenue of $20 billion. The transaction is expected to deliver annual pretax savings of at least $400 million as of 2019 and boost earnings per share significantly, the companies said in a statement on Thursday.

  • leak at the giant Aliso Canyon storage facility will threaten electric reliability in the southern part of the state this summer. In April, several California agencies prepared a report on potential power shortages related to last year's gas leak at the Aliso Canyon storage facility in the Los Angeles area. That report found significant risks to electricity...

  • May 18- The operator of the California power grid. said on Wednesday that natural gas shortages related to a. leak at the giant Aliso Canyon storage facility will threaten electric reliability in the southern part of the state this summer.

  • SYDNEY, May 16- Monaco- based oil services company Unaoil denied on Monday a media report linking it to corrupt practices involving big oil companies said it has been the victim of an extortion attempt by unidentified criminals. The Australian newspaper group Fairfax Media and the Huffington Post said in a joint report in April that the U.S. Department of...

  • NEW YORK/ LONDON, May 16- Libya will resume oil shipments from the port of Marsa El Hariga after an agreement was reached at talks in Vienna between rival oil officials representing the east and west of the country, Libyan oil sources told Reuters. The NOC in Tripoli, which is keen to work with a new U.N.-backed unity government to revive Libya's oil production, said...

  • SYDNEY, May 16- Monaco- based oil services company Unaoil denied on Monday a media report linking it to corrupt practices involving big oil companies said it has been the victim of an extortion attempt by unidentified criminals. The Australian newspaper group Fairfax Media and the Huffington Post said in a joint report in April that the U.S. Department of...

  • *Nigeria oil production halved to 1.65 mln bpd. *OPEC output rises in April to highest since at least 2008. NEW YORK, May 13- Oil slipped on Friday on a stronger dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and wildfires slashed output from Canada's oil sands.

  • *Iraq asked oil firms to make drastic spending cuts. *Some companies said to consider halting Iraq operations. BAGHDAD, May 13- International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said on Friday.

  • LONDON/ SINGAPORE, May 12- Five oil product traders have resigned from Noble Group, Asia's biggest commodity trader by revenue, some of whom are moving to rival trader Glencore, sources with knowledge of the issue said. Three of Noble's London- based gasoline traders are joining Glencore, according to the sources. Noble had also subleased storage tanks in the key...