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  • *Technip up 8 pct after ruling out CGG takeover. French oil services group Technip was the top performer on the FTSEurofirst 300 index of pan-European shares, rising 8 percent after it dropped a bid for seismic surveys specialist CGG. Oil and gas majors and services companies were among top gainers on the FTSEurofirst 300, with Tullow Oil, Total and BG Group up...

  • Dec 12- Energy companies cut 29 oil drilling rigs in the United States this week, the most in two years, as oil prices kept sliding, bringing crude down 47 percent since June, data showed on Friday. The number of rigs drilling for oil declined to 1,546 in the week to Dec. 12, according to data from oil services firm Baker Hughes. Twenty-one of the 29 rigs that were cut were in...

  • NYSE stocks posting largest percentage increases Friday, 12 Dec 2014 | 1:18 PM ET

    NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Teekay Tankers Ltd. rose 14.6 percent to $5.35. Oasis Petroleum Inc. rose 11.6 percent to $12.33.

  • European shares set for biggest weekly loss in 3 years Friday, 12 Dec 2014 | 11:11 AM ET

    The broad STOXX Europe 600 has lost 5.2 percent during the week, representing a wipeout in market capitalisation of roughly $468 billion, nearly twice the size of Greece's GDP. Saipem dropped 5 percent on Friday, hitting a 10- year low, while Royal Dutch Shell was down 2.4 percent, Repsol down 4.8 percent and CGG down 4.6 percent. Crude has dropped more than 45...

  • PARIS, Dec 12- European stocks tumbled again on Friday, leaving them on course for their biggest weekly loss since May 2012 as shares in oil and oil services firms sank further along with crude oil prices. Saipem dropped 4.2 percent on Friday, hitting a 10- year low, while Royal Dutch Shell was down 2.4 percent, Repsol down 2 percent and CGG down 6.2 percent.

  • Oil closes below $60, 1st time since July 2009 Thursday, 11 Dec 2014 | 3:03 PM ET

    The price of oil fell below $60 for the first time since July 2009 on Thursday and ended trading in New York at $59.95. The drop is a result of rising global oil production, especially in the U.S., at a time when demand has weakened because of slowing economies in Asia and Europe. OPEC said this week that higher production from non- OPEC members and global economic...

  • European shares extend slide; Airbus drops again Thursday, 11 Dec 2014 | 4:29 AM ET

    *Airbus sags; worries on demand for fuel-efficient aircrafts. PARIS, Dec 11- European shares fell in early trading on Thursday, losing ground for the fourth session in a row, as this week's slump in oil and iron ore prices weighed on a number of resource-related stocks. Shares in Airbus fell as much as 4.5 percent, adding to a 10 percent drop in the previous session...

  • European shares fall for fourth session in a row Thursday, 11 Dec 2014 | 3:07 AM ET

    PARIS, Dec 11- European shares fell in early trading on Thursday, losing ground for the fourth session in a row, as the slump in oil and iron ore prices knocked resource-related shares lower and fuelled worries over the pace of global growth. At 0805 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 percent at 1,355.87 points. Oil services stocks...

  • European shares extend sell-off, Airbus plunges Wednesday, 10 Dec 2014 | 12:51 PM ET

    PARIS, Dec 10- European stocks fell for a third session in a row on Wednesday as a further plunge in crude prices knocked down the shares of oil majors and oil services groups such as Royal Dutch Shell and Fugro. Shares in Shell dropped 2.4 percent and Fugro tumbled 11 percent as Brent crude oil fell below $65 a barrel on mounting signs of oversupply and lacklustre...

  • Texas, North Dakota, Oklahoma, New Mexico and Colorado together account for almost 98 percent of the total rise in U.S. oil output since the beginning of 2008.. But Oklahoma, New Mexico and Colorado have collectively contributed almost an extra half million barrels per day compared with January 2008, according to the U.S. Energy Information Administration.

  • PARIS/ LONDON, Dec 10- European stocks fell for a third session in a row on Wednesday, as a further drop in crude prices knocked down the shares of oil majors and oil services groups such as Royal Dutch Shell and Fugro. Shares in Shell dropped 1.7 percent and Fugro tumbled 12 percent as Brent crude oil slipped below $65 a barrel, hitting a five-year low on rising...

  • *Oil price slump could herald return of mega-mergers. LONDON, Dec 10- Plunging oil prices look set to trigger another wave of industry consolidation after a decade when mega-deals were scarce, but investors want to see mergers that can squeeze out cost savings and only after a lavish dividend is paid. "Anyone who doesn't think consolidation is going to happen must...

  • OMISALJ, Croatia, Dec 10- Spurred by the demise of Russia's South Stream gas pipeline project, Croatia has revived a decade-old idea of building a liquefied natural gas import terminal at the deepwater oil port of Omisalj on the island of Krk. But the Ukraine crisis and the collapse of South Stream have refocused minds in central and eastern European nations on...

  • BISMARCK, N.D., Dec 9- North Dakota has approved strict new standards for oil, requiring every barrel of crude be filtered for dangerous types of natural gas in order to make crude-by-rail transport safer. The new requirements come as federal, state and local officials grapple with how best to ensure the safe transport of North Dakota's crude oil, which has been...

  • US STOCKS-Global demand worries drag Wall St lower Tuesday, 9 Dec 2014 | 11:30 AM ET

    NEW YORK, Dec 9- U.S. stocks were sharply lower on Tuesday as investors shunned risk over concerns about the impact of lower oil prices on the global economy and political turmoil in Greece. "You've seen some real volatility in everything from energy to currencies and it's had a bit of a spillover effect on the market as people try to think about the impact of these...

  • *Oil services shares drop as Brent at $69/ barrel. PARIS, Dec 5- European stocks extended their broad rally on Friday afternoon after data showed U.S. employers added the largest number of workers in nearly three years in November. It really fuels the bullish sentiment on the market, " Saxo Bank trader Pierre Martin said.

  • Eni asset sales hit trouble due to oil rout Wednesday, 3 Dec 2014 | 12:40 PM ET

    *Oil plunge complicating Mozambique, Saipem stake sales- sources. CEO Claudio Descalzi still needs to raise 6 billion euros under an 11 billion euro program lasting until 2017. The firm has pinned its hopes on selling minority stakes in its Mozambique gas field, and non-core assets such as its 43 percent holding in oil services contractor Saipem.

  • Dec 3- Schlumberger Ltd, the world's No.1 oilfield services provider, said it would take a $1 billion charge related to jobs cuts and the writedown of some seismic vessels as it trims its operations in response to slumping oil prices. Schlumberger on Tuesday had also said the quarter's results would also include a $800 million charge to write down the value of six...

  • US STOCKS-Wall St ticks up, energy stocks rally again Wednesday, 3 Dec 2014 | 11:10 AM ET

    NEW YORK, Dec 3- U.S. stocks rose slightly on Wednesday, led by commodity-related shares, as data continued to show a strengthening U.S. economy and ahead of a meeting of the European Central Bank. The largest percentage gainer on the S&P 500 was land drilling contractor and oil services company Nabors Industries, which rose 6.1 percent to $13.66.

  • BEIJING, Dec 3- The president of Sinopec Group's oilfield services unit has been dismissed and is currently under investigation, state media reported on Wednesday. State media reported last month that China's corruption watchdog had launched a series of inspections into state-owned enterprises and government bodies including Sinopec Group, the parent of...