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Oil and Gas Energy Equipment and Services

  • *Norway oil worker strike risks hit to output. SINGAPORE, Sept 21- Oil prices jumped over 1 percent on Wednesday, pushed by a reported draw in U.S. crude inventories and an oil service worker strike in Norway which may impact output. West Texas Intermediate crude futures were up 1.93 percent, or 85 cents, at $44.90 a barrel at 0644 GMT.

  • *Norway oil worker strike hits output. SINGAPORE, Sept 21- Oil prices jumped over 1 percent on Wednesday, pushed by a reported draw in U.S. crude inventories and an oil service worker strike in Norway which hit output. West Texas Intermediate crude futures were up 1.93 percent, or 85 cents, at $44.90 a barrel at 0644 GMT.

  • Sept 19- More wells passed safety inspections at the Aliso Canyon natural gas storage facility in Los Angeles, Southern California Gas Co said on Monday, but the company has more work to do before it can inject gas into the giant field the utility shut last fall due to a massive methane leak that was not plugged until February. Under state law, SoCalGas cannot inject...

  • *India tops China as No.1 Iran crude buyer with record volume. SINGAPORE/ TOKYO, Sept 16- Iran's August crude oil exports jumped 15 percent from July to more than 2 million barrels per day, according to a source with knowledge of its tanker loading schedule, closing in on Tehran's pre-sanctions shipment levels of five years ago. The strong demand for Iran's crude in...

  • LONDON, Sept 14- Authorities in a port controlled by Yemen's Houthi movement have seized two oil tankers from international traders in a payment dispute, according to the ships' owners, an incident which could make it more difficult for the country to import vital supplies. Ocean Tankers, the Singapore- based owner of the two 74,000 tonne ships, the Chao Hu and the...

  • LONDON, Sept 14- Authorities in a port controlled by Yemen's Houthi movement have seized two oil tankers from international traders in a payment dispute, according to the ships' owners, an incident which could make it more difficult for the country to import vital supplies. Ocean Tankers, the Singapore- based owner of the two 74,000 tonne ships, the Chao Hu and the...

  • SPRING, Texas, Sept 12- Elizabeth Huber lost her job examining damaged oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increases. Despite crude trading 76 percent above its February lows and energy companies shifting focus from survival to recovery, white-collar jobs in the...

  • SPRING, Texas, Sept 12- Elizabeth Huber lost her job inspecting oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increases. Despite crude trading 75 percent above its February lows and energy companies shifting focus from survival to recovery, white-collar jobs in the sector...

  • SPRING, Texas, Sept 12- Elizabeth Huber lost her job inspecting oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increases. Despite crude trading 75 percent above its February lows and energy companies shifting focus from survival to recovery, white-collar jobs in the sector...

  • SINGAPORE, Sept 12- Crude prices fell over 1.5 percent on Monday after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, with speculators cutting positions betting on further price rises. Brent crude futures were trading at $47.29 per barrel at 0200 GMT, down 72 cents, or 1.5 percent, from their last settlement.

  • SINGAPORE, Sept 12- Oil prices fell on Monday after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, and speculators cut positions betting on further price rises. Brent crude futures were trading at $47.58 per barrel at 0041 GMT, down 43 cents, or 0.9 percent, from their last settlement. Algeria's energy minister said there...

  • What you need to know about the Enbridge-Spectra deal

    Enbridge's takeover of Spectra is an attempt to move into the natural gas space, says Libby Toudouze, partner at Cushing Asset Management.

  • Enbridge to buy Spectra Energy for $28B

    The deal to combine the two companies would create the largest energy infrastructure company in North America.

  • In Texas, Valero Energy Corp's Houston refinery, LyondellBasell Industries' Houston refinery, Petrobras' Pasadena refinery and Royal Dutch Shell's joint-venture Deer Park refinery have crude on-site in storage tanks and also have access to long-distance and short-haul pipeline systems. The Coast Guard was conducting assessments about how long it would...

  • SINGAPORE, Sept 6- Iran expects to complete a pipeline and a terminal to export a new grade of crude by year-end, boosting the country's drive to ramp up oil production to pre-sanctions levels. A senior official from the National Iranian Oil Company said late on Monday that the terminal near Kharg Island in the Persian Gulf would be ready to export the new grade of...

  • *Russia's Putin supports OPEC production freeze efforts. *U.S. oil rig count steadies as crude remains below $50/ bbl. So if the rig count stays steady, we could finish the year at about $50, "said Jay Hatfield of New York- based InfraCap MLP, an exchange-traded fund that invests in U.S. energy projects.

  • "But a lower rig count is also likely once we get to late September and beyond, and once it becomes clear that OPEC measures to jawbone the market won't last." The Organization of the Petroleum Exporting Countries, led by Saudi Arabia and other big Middle East crude exporters, will meet non- OPEC producers led by Russia at informal talks in Algeria between Sept. 26 and...

  • MILAN, Sept 1 (Reuters)- European shares closed flat on Thursday, weighed down by pharma and oil stocks, while banks extended a recent rally which was fuelled by expectations of monetary tightening in the United States. "If the lights go off in the United States, it's not a great prospect," said Giuseppe Sersale, fund manager at Anthilia Capital Partners in Milan.

  • BEIRUT, Aug 30- Iran plans to hold an oil and gas bidding round for foreign firms from late September, Ali Kardor, managing director of the National Iranian Oil Company, was quoted as saying by the oil ministry's news agency SHANA on Tuesday. The first tender, which is likely to be for the South Azadegan oil field in southwestern Iran, will take place between Oct. 14 and...

  • CARACAS/ HOUSTON, Aug 26- Venezuela's state oil company, PDVSA, has relaunched a large tender for the drilling of 600 oil wells in the world's largest crude reserves, sources with knowledge of the tender said this week, after a similar project collapsed last year amid concerns about transparency and political favoritism. Reuters reported last month that tiny...