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Oil and Gas Energy Equipment and Services

  • 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...

  • CALGARY, Alberta, Jan 17- Canada's main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document obtained by Reuters. The Canadian Security Intelligence Service warning...

  • LONDON, Jan 17- U.S. petroleum producers are looking forward to better times in 2017 as the industry has passed the low-point in the cycle and embarked on the road to renewed expansion. U.S. oil output was essentially flat between July and October 2016, after sliding between April 2015 and June 2016. More than half of all the new rigs have been added in the Permian...

  • TOKYO, Jan 13- Iranian condensate exports are set to fall 17 percent to a five-month low this month, a source with knowledge of Iran's preliminary tanker schedule said, as main buyer South Korea cuts purchases by nearly half and takes more barrels from Qatar. Iran, a member of the Organization of the Petroleum Exporting Countries, does not publish monthly data on...

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labor minister and the labor union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labour minister and the labour union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labour minister and the labour union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • ABUJA, Jan 11- The Nigeria Union of Petroleum and Natural Gas Workers has suspended its nationwide three-day strike, the country's labor minister and the labor union's president said on Wednesday. Labour Minister Chris Ngige said the strike over job losses, which saw staff at filling stations and petrol tankers walk out, had been suspended.

  • *Russian gas exports to Europe hit record. *Europe misses the boat despite growth in LNG exports. With the United States finally breaking the seal on LNG exports last year, analysts envisaged the ocean-going tankers challenging Russia's land-locked pipelines supplying Europe in a race that would send gas prices ever lower.

  • Dec 23- Halliburton Co on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court. Halliburton said the company itself would pay $54 million of the $100 million settlement, while its insurer would fund the rest.

  • Dec 23- Halliburton Co on Friday said it had reached a $100 million settlement to resolve a long-running shareholder class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court. The deal resolves a lawsuit in federal court in Dallas accusing Halliburton of misrepresenting its potential liability in asbestos...

  • MARACAIBO, Venezuela, Dec 23- A legal strategy switch by Venezuela's state-owned oil giant PDVSA to portray itself as a victim in a massive bribery scheme detected by the U.S. government is unlikely to lead to compensation and may even backfire. In a case that shook the local oil industry, two prominent Venezuelan oil businessmen were arrested last year in the...

  • LONDON, Dec 21- OPEC and non- OPEC oil producers have agreed to reduce their combined output by more than 1.7 million barrels per day for six months from January 2017. But the agreement contains a provision that it can be extended for a further six months, subject to market conditions. Oil traders are betting on an extension, with most of the rebalancing of the oil...

  • The notice, issued Sunday night, came as the utility continues to have only limited access to fuel in its giant Aliso Canyon gas storage facility in Los Angeles following a massive methane leak between October 2015- February 2016.. California agencies have said in a report looking at the ongoing outage of Aliso Canyon that SoCalGas could have a tough time...

  • Dec 16- U.S. oilfield services firm Forbes Energy Services Ltd is preparing to file for bankruptcy as soon as this month, as it struggles with approximately $300 million in debt, people familiar with the matter said on Friday. Competing oilfield services firms Key Energy Service Inc, C&J Energy Services Ltd and Basic Energy Services Inc have all filed for...

  • The IFR followed recommendations by a U.S. interagency task force in October after a major leak from the Aliso Canyon storage facility in California last year. "This IFR addresses aging infrastructure and is the first step in a multiphase process to enhance the safety of underground natural gas storage," said PHMSA Administrator Marie Therese Dominguez in the...

  • *Exports to Europe to rise 10 pct to 2016 high of 767,000 bpd. TOKYO, Dec 14- Iran's crude oil exports in December are set to fall 8 percent from November to a five-month low, a source with knowledge of its preliminary tanker schedule said, as lower shipments to China and others in Asia offset bumper exports to Europe. Compared with a year ago, Iran's December crude...

  • The increases come amid signs the siege mentality that permeated all parts of Canada's energy industry is lifting after more than two and a half years of slumping prices. Light oil producers have cut costs around 30 percent by squeezing service providers and improving well completion designs to speed up drilling, according to Wood Mackenzie analyst Mark...