BEIJING, Dec 6- A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.» Read More
LONDON, Nov 7- China may have overtaken the United States as the world's biggest oil importer, but America is now the land of opportunity for traders looking to profit off energy markets, thanks to changes brought by the shale gas revolution.
*Gavilon has oil storage and pipelines in Oklahoma, Texas, Louisiana. Nov 6- U.S. energy logistics firm Gavilon LLC has kicked off the first of several big trading house deals that are set to recast the market landscape in a $890 million sale to propane gas supplier NGL Energy Partners LP.
*Gavilon has oil storage and pipelines in Oklahoma, Texas, Louisiana. Nov 6- U.S. energy trader Gavilon LLC has been bought by propane gas supplier NGL Energy Partners LP for $890 million, marking the first deal in what is expected to be a broad ownership reshuffle of global trading firms.
*Gavilon has oil storage and pipelines in Oklahoma, Texas, Louisiana. *Gavilon owned by Soros Fund Management, Ospraie Management and General Atlantic. Nov 6- Propane gas supplier NGL Energy Partners LP said it would buy Gavilon LLC, a pipeline company partly owned by funds managed by Soros Fund Management, for $890 million to expand its terminal business.
HONG KONG, Nov 6- China shares struggled on Wednesday in weak volume ahead of a key Communist Party policy meeting that starts this weekend, with strength in oilfield services counters offsetting weakness in auto makers after Beijing cut sales quotas in that sector.
HOUSTON/ CARACAS, Nov 4- Venezuela is in the process of seizing oil equipment owned by Houston- based Superior Energy Services, a company spokesman said on Monday, after state-run PDVSA failed to pay debts owed to the U.S. company. In recent years, Venezuela has seized assets of contractors after they halted work to demand PDVSA pay past due bills.
LONDON, Nov 1- Warren Buffett's Burlington Northern-Santa Fe railroad captured headlines earlier this year when it announced it would start trialling trains powered by liquefied natural gas.
LONDON, Oct 30- Libyan crude oil exports showed little improvement on Wednesday after falling to a trickle this week, except for one tanker that was expected to load condensate from the small western port of Mellitah, trading sources said.
HONG KONG, Oct 28- Hong Kong shares snapped a four-day losing streak on Monday, rebounding from seven-week lows on earnings-driven gains for China's two largest insurers and China Oilfield Services. The Hang Seng Index, which closed last week at its lowest since Sept. 6, ended up 0.5 percent at 22,806.6 points.
SALMON, Idaho, Oct 25- A General Electric Co subsidiary has dropped its appeal of a federal court order barring a massive shipment of tar sands oil-field equipment from being trucked along a scenic Idaho roadway that cuts through the Indian homelands of the Nez Perce Tribe.
National Oilwell shares rose nearly 4 percent to $82.00 in premarket trading on Friday on the New York Stock Exchange. Earlier this month Schlumberger Ltd, the world's largest oilfield services company, said offshore drilling in North America increased.
Excess capacity in the refining industry, especially in Europe, and the shale revolution in North America will continue to pressurise Grangemouth and Britain's other oil refineries. Like their counterparts in continental Europe and the East Coast of the United States, Britain's refineries are old, small and relatively unsophisticated.
NEW YORK, Oct 21- Brent's premium to U.S. oil widened to touch the 200- day moving average for the first time in seven months after government data showed a build in oil inventories at U.S. oil storage hub Cushing for the first time since late June. U.S. oil's discount to global benchmark Brent $9.89 per barrel. It widened by as much as $9.94 and was last trading at $9.87.
Oct 21- Devon Energy Corp said on Monday it would combine all its U.S. natural gas and oil pipeline, processing and related infrastructure assets with those owned by Crosstex Energy Inc and Crosstex Energy LP to form a new midstream business.
Oct 21- Buoyant oilfield activity in Russia, Saudi Arabia and Angola helped Halliburton Co beat market expectations with a 17 percent rise in profit, setting up an even better performance for the fourth quarter.
*Middle East and Asia drive international demand. Oct 18- Steadily growing drilling activity in U.S. offshore waters and overseas gave a bigger-than-expected lift to quarterly profits at oil services companies Schlumberger Ltd and Baker Hughes Inc, marking a clear divide with struggling smaller U.S. competitors.
*Middle East, Asia Pacific revenue up 10 pct. Oct 18- Baker Hughes Inc, the world's third-largest oilfield services company, reported a better-than-expected quarterly profit, driven by strong drilling activity in the Middle East and Asia Pacific.
Oct 18- Baker Hughes Inc, the world's third-largest oilfield services company, posted a 22 percent increase in quarterly profit, driven by strong international drilling activity, particularly in the Middle East and Africa. Net income rose to $341 million, or 77 cents per share in the third quarter, from $279 million, or 63 cents per share, a year earlier.
Oct 18- Schlumberger Ltd, the world's largest oilfield services company, reported a 20 percent rise in quarterly profit as global drilling activity remained buoyant. Net income rose to $1.71 billion, or $1.29 per share, in the third quarter, from $1.42 billion, or $1.07 per share, a year earlier. Revenue rose nearly 11 percent to $11.61 billion.
LONDON, Oct 16- North Dakota's rapidly rising oil output continues to defy the sceptics, who have predicted that production would stop growing as declining output from existing wells offsets extra production from new drilling.