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Oil and Gas Energy Equipment and Services

  • CHICAGO, Jan 23- Peabody Energy Corp's plan to emerge from Chapter 11 bankruptcy faces a "material risk" that the U.S. coal producer could suffer a $1 billion revenue loss due to a disputed lease at the world's largest coal mine, according to an objection filed to its reorganization plan. Oil and gas driller Berenergy Corp and Peabody hold overlapping federal...

  • The utility has limited access to fuel in its giant Aliso Canyon gas storage facility in Los Angeles following a massive methane leak there between October 2015- February 2016.. SoCalGas, a unit of California energy company Sempra energy, serves 21.6 million consumers in Southern California. California agencies said in a study looking at the Aliso Canyon...

  • CHICAGO, Jan 23- U.S. oilfield services company Forbes Energy Services Ltd said it expected to "promptly" emerge from bankruptcy after filing a Chapter 11 plan on Monday with a prepackaged deal to exchange $280 million of debt for equity. In a filing with the U.S. Bankruptcy Court in Houston, Forbes said the slump had reduced demand for its activities, rendering it...

  • Jan 23- Halliburton Co, the world's No. 2 oilfield services provider, said its revenue growth this year would meet or outpace the increase in the number of drilling rigs in North America. However, Halliburton's revenue growth in North America in the latest quarter lagged the increase in rig count, sending the company's shares down as much as 4.5 percent to $53.93.

  • Jan 23- Halliburton Co, the world's No. 2 oilfield services provider, reported its first quarterly operating profit in North America in a year as oil producers put more rigs back to work in North American shale fields. The company, however, warned of weakness in markets outside North America, echoing comments made by larger rival Schlumberger last week.

  • Jan 23- Halliburton Co, the world's No. 2 oilfield services provider, on Monday warned of weakness in markets outside of North America, echoing comments made by larger rival Schlumberger last week. Shale producers, encouraged by a rise in crude prices after a slump of more than two years, have been drilling and completing more wells in North America.

  • LONDON, Jan 23- The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway. But there is no denying a rapid and sustained upturn is now underway which could pose challenges for the Organization of the Petroleum Exporting Countries and for shale drillers...

  • TOKYO, Jan 23- JX Nippon Oil& Energy Corp said its venture with Malaysian state oil firm Petronas has started commercial operations at the ninth liquefaction train at the Petronas LNG complex in Bintulu, Sarawak. LNG exporters are sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in...

  • KHOBAR, Saudi Arabia, Jan 22- Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices, Saudi Arabia's energy minister told Sky News Arabia in a programme broadcast on Sunday. Khalid al-Falih, who is also chairman of Aramco, said that continuous investment in drilling enables Saudi...

  • KHOBAR, Saudi Arabia, Jan 22- Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices, Saudi Arabia's energy minister told Sky News Arabia in a programme broadcast on Sunday. Khalid al-Falih, who is also chairman of Aramco, said that continuous investment in drilling enables Saudi...

  • *Revenue from North America up 4 pct. Jan 20- Schlumberger NV said on Friday that it does not expect a "dramatic" short-term recovery in international markets, compared with North America where shale producers are already ramping up drilling activity. The world's No.1 oilfield services provider reported a more-than-8-percent drop in fourth-quarter revenue...

  • Jan 20- Schlumberger NV reported better-than-expected quarterly revenue as oil producers put more land rigs back to work in North America and prices for oilfield services recovered slightly in the region. Net loss attributable to Schlumberger fell to $204 million, or 15 cents per share, in the three months ended Dec. 31, from $1.02 billion, or 81 cents per share, a...

  • Jan 20- Schlumberger NV, the world's No.1 oilfield services provider, reported a smaller fourth-quarter loss than a year earlier, when it recorded more than $2 billion in restructuring and asset impairment charges. Net loss attributable to Schlumberger fell to $204 million, or 15 cents per share, in the three months ended Dec. 31, from $1.02 billion, or 81 cents per...

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters are sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan, and because of Australia's struggles to ramp up production. Benefiting from the Panama Canal expansion last year that...

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan as well as Australia's continuing struggles to ramp up scheduled production. Benefiting from the Panama Canal expansion last...

  • BREGA, Libya, Jan 19- Guards and officials at major ports in Libya's eastern Oil Crescent say they are hoping foreign workers will soon return as they struggle to build on output gains with meagre resources. The lifting of a long blockade at the ports helped Libya's oil output to more than double to over 600,000 barrels per day. Recent and future gains threaten to...

  • LOS ANGELES, Jan 17- California regulators on Tuesday took a step toward reopening the Aliso Canyon natural gas storage facility after a major methane leak in 2015 forced the evacuation of thousands of nearby residents, but new injections will not be authorized until the public has the chance to weigh in. SoCalGas, a unit of California energy company Sempra...

  • Jan 17- California regulators said on Tuesday they were seeking public comment on a proposal that would significantly limit the amount of natural gas Southern California Gas can inject into its Aliso Canyon storage facility in Los Angeles, which leaked in 2015.. SoCalGas, a unit of California energy company Sempra Energy, shut the facility in October 2015...

  • Jan 17- California regulators said on Tuesday they were seeking public comment on a proposal that would significantly limit the amount of natural gas Southern California Gas can inject into its Aliso Canyon storage facility in Los Angeles, which leaked in 2015.. SoCalGas, a unit of California energy company Sempra Energy, shut the facility in October 2015...

  • Jan 17- The California Department of Conservation's Division of Oil, Gas and Geothermal Resources said on Tuesday it would conduct two public meetings on pressure limits for Southern California Gas' Aliso Canyon natural gas storage facility. SoCalGas shut the facility in October 2015 after a massive leak forced the evacuation of thousands in the Porter...