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Oil and Gas Energy Equipment and Services

  • LONDON, Nov 1- U.S. natural gas production may be stabilizing or even starting to rise as the boost to oil and gas prices in recent months stimulates an increase in new drilling. Marketed dry gas production amounted to 2,239 billion cubic feet in August, down from 2,302 bcf in August 2015, according to the U.S. Energy Information Administration.

  • LONDON, Nov 1- U.S. natural gas production may be stabilizing or even starting to rise as the boost to oil and gas prices in recent months stimulates an increase in new drilling. Marketed dry gas production amounted to 2,239 billion cubic feet in August, down from 2,302 bcf in August 2015, according to the U.S. Energy Information Administration.

  • CAPE TOWN, Nov 1- Ophir Energy can go ahead with its Fortuna floating liquefied natural gas project off Equatorial Guinea with or without new partners because the cost estimates have halved to around $450 million, a senior executive said on Tuesday. The capital is about 50 percent from what we expected a couple of years ago, " Oliver Quinn, Ophir's director of new...

  • CALGARY, Alberta, Oct 31- The Canadian government on Monday approved the C $1.3 billion expansion of a natural gas gathering pipeline in western Canada belonging to a wholly owned subsidiary of TransCanada Corp, with 36 conditions attached. Dirk Lever, an analyst with AltaCorp Capital in Calgary, said the approval was "absolutely expected" as natural gas...

  • The raft of deals helped offset some jitters caused by the FBI's review of newly discovered emails related to Hillary Clinton's private server. Dow component General Electric was up 0.56 percent at $29.38 after it said it would merge its oil and gas business with oilfield services provider Baker Hughes. Level 3 Communications rose 5.1 percent to $56.79 after...

  • *OPEC meeting yet to agree on output-cap plan- sources. NEW YORK, Oct 28- Oil prices settled below $50 on Friday to mark their biggest weekly loss in six weeks, on concerns OPEC will not fully carry out a planned output cut, even as data showed U.S. oil drillers removed rigs from production for the first time since June. But the market's attention remained on...

  • *OPEC meeting yet to agree on output-cap plan- sources. But the market's attention remained on disagreements at a meeting in Vienna of the Organization of the Petroleum Exporting Countries, said James L. Williams, energy economist at WTRG Economics in London, Arkansas. "All of the focus prices-wise is on the OPEC meeting right now...

  • Oct 28- U.S. oil drillers cut rigs this week for the first time since June, ending a 17- week recovery in the rig count, even as crude prices mostly held over $50 a barrel this month, the key level analysts said should lead to more drilling. RIG-OL-USA- BHI> That ended the longest streak of not cutting oil rigs since 2011 started after crude briefly climbed over $50 a...

  • OIL DRILLERS CUT RIGS FOR FIRST WEEK SINCE JUNE- BAKER HUGHES.

  • Oct 28- Growing financial troubles for Venezuela's PDVSA have started to snarl its logistics and operations in the Caribbean, where unpaid bills have frustrated suppliers and business partners. The vessel, which has been unable to discharge 520,000 barrels of fuel oil from Isla refinery, has been anchored in the Caribbean sea for more than a month.

  • *Exports to Asia to hit 1.46 mln bpd; exports to Europe to fall. TOKYO, Oct 27- Iran's crude oil exports are set to decline 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...

  • KRASNAYA POLYANA, Russia, Oct 27- Russian President Vladimir Putin said on Thursday Russia was ready to resume gas supplies to Ukraine at "any second" if Kiev agreed to pre-pay for supplies. Putin said the gas price for Ukraine would not be higher than what Poland pays and might be $180 per 1,000 cubic metres. Russia wants gas storage volumes in Ukraine to be...

  • LAGOS/ LONDON, Nigeria, Oct 27- An angry crowd blocks access to a Chevron facility in Nigeria's oil-producing south to demand jobs and housing, a common refrain from poor communities in the Niger Delta swamps. The incident shows what the government must address when it meets community leaders and militants in Abuja next week in an attempt to end armed attacks on...

  • Exports to Asia to hit 1.46 mln bpd; exports to Europe to fall. TOKYO, Oct 27- Iran's crude oil exports are set to decline 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...

  • Oct 25- Contract oil and gas driller Nabors Industries Ltd said on Tuesday it was seeing significant utilization increases in the Lower 48 states of the United States, but that spot market pricing remained competitive. "Increased demand is beginning to exert upward pressure on pricing for these top-end rigs, although in the near-term our fleet average margins...

  • Supplying electricity to the Philippines' 7,500 islands

    Meralco PowerGen's Aaron Domingo talks about power supply security and renewable energy in the Philippines.

  • LONDON, Oct 24- U.S. oil and gas drillers are reporting the biggest and most sustained upturn since oil prices began slumping in the middle of 2014.. More than two-thirds of the extra rigs have been deployed in the neighboring southwest states of Texas, New Mexico and Oklahoma. Within those states most of the additional rigs have been deployed in the Permian and...

  • Oct 24- Southern California Gas completed safety tests on more wells at its Aliso Canyon natural gas storage facility in Los Angeles, which shut in October 2015 following a massive methane leak, according to a report from the utility made public on Monday. Aliso Canyon is the biggest of its four storage fields. Since DOGGR must give the public 15 days notice before...

  • LONDON, Oct 24- U.S. oil and gas drillers are reporting the biggest and most sustained upturn since oil prices began slumping in the middle of 2014.. More than two-thirds of the extra rigs have been deployed in the neighbouring southwest states of Texas, New Mexico and Oklahoma. Within those states most of the additional rigs have been deployed in the Permian and...

  • *Market worries as Russia mulls higher output. NEW YORK, Oct 20- Oil prices fell about 2 percent on Thursday, as a resurgent dollar encouraged players to take profit on the previous day's rally that had sent U.S. crude to 15- month highs. Benchmark Brent crude for December delivery was down $1.23, or 2.3 percent, at $51.44 per barrel by 1:17 p.m. EDT.