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  • July 21- Halliburton Co, North America's top oilfield services provider, said it would add fracking equipment and crew to take advantage of higher demand in the region, signaling an industry-wide recovery after a two-year slump.

  • But away from the bad-tempered litigation in U.S. courts, which has dominated the news about Argentina for months, the country is experiencing an oil drilling boom as international companies seek to cash on its huge shale resources.

  • July 21- Halliburton Co, the world's No.2 oilfield services provider, said it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.

  • Halliburton 2Q profit rises, boosts buyback Monday, 21 Jul 2014 | 7:51 AM ET

    HOUSTON— Halliburton Co. said Monday that its second-quarter earnings rose 20 percent, and it raised its share buyback authorization to $6 billion. The Houston- based company, which provides drilling services to oil and gas operators, earned $774 million, or 91 cents per share, for the period ended June 30.

  • July 21- Halliburton Co, the world's No. 2 oilfield services provider, reported a 20 percent rise in quarterly profit as drilling activity increased in the United States and the Gulf of Mexico. The company also increased its share repurchase program to $6 billion from $5 billion.

  • South Portland set for final vote on tar sands ban Monday, 21 Jul 2014 | 5:01 AM ET

    SOUTH PORTLAND, Maine— The South Portland City Council has voted to ban the transfer of crude oil onto ocean tankers, effectively ending any attempt to bring oil from western Canada through a pipeline into the city. The City Council voted 6-1 Monday night in favor of the ordinance that was hailed by environmentalists.

  • Lightning a threat to ND saltwater disposal sites Saturday, 19 Jul 2014 | 11:33 AM ET

    WILLISTON, N.D.— Three massive fires since the beginning of June have highlighted the threat lightning poses in the North Dakota oil patch, and in each case it was tanks that store the toxic saltwater associated with drilling— not the oil wells or drilling rigs— that were to blame.

  • July 18- General Electric Co reported a 13- percent jump in quarterly net income Friday on improved sales of its jet engines and oil and gas equipment, and said it was targeting the initial public offering of its private-label credit-card business for the end of the month.

  • July 18- General Electric Co posted a 13 percent rise in quarterly net income on Friday, helped by increases in sales of its jet engines and oil and gas equipment. Second-quarter net income rose to $3.55 billion, or 35 cents per share, from $3.13 billion, or 30 cents per share, a year earlier.

  • July 17- Schlumberger Ltd's, the world's largest oilfield services company, reported better-than-expected second quarter revenue as drilling activity picked up in North America. Schlumberger and Baker Hughes provide several services, including seismic surveys that determine where oil lies under the earth's surface and hydraulic fracturing of wells.

  • Schlumberger second-quarter profit falls 24 percent Thursday, 17 Jul 2014 | 4:15 PM ET

    July 17- Schlumberger Ltd, the world's largest oilfield services company, reported a nearly 24 percent fall in quarterly profit. Net income fell to about $1.60 billion, or $1.21 per share, in the second quarter ended June 30, from $2.10 billion, or $1.57 per share, a year earlier. Revenue rose 8 percent to $12.05 billion.

  • By Swetha Gopinath and Ashutosh Pandey. July 17- Baker Hughes Inc, the world's third-largest oilfield services company, said it expects strong growth in North America as oil and gas producers turn to its new technologies to reduce drilling time and cut costs.

  • July 17- Baker Hughes Inc, the world's third-largest oilfield services company, posted a better-than-expected profit and said it expected increased activity for the remainder of the year. A pick up in drilling activity in North America and steady demand from the Middle East and Asia Pacific helped the company report a 47 percent jump in second-quarter profit.

  • HOUSTON, July 16- Plains All American may build new pipelines dedicated solely to a very light form of crude oil known as condensate in parts of the Permian Basin in West Texas as output increases, an executive of the U.S. company said this week.

  • *Large eastern ports restart not seen before August. TRIPOLI/ LONDON, July 16- Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday.

  • *Vietnam coastguard says rig being moved toward China's Hainan island. *Rig's deployment caused breakdown in China- Vietnam ties.

  • SAN FRANCISCO, July 15- The first condensate cargo for export is due to load in Texas at the end of this week, headed via the Panama Canal to Asia, shipping sources said. Westport Petroleum Inc., the Franklin, Tennessee- based shipping arm of Japanese trader Mitsui& Co., chartered the BW Zambesi, an LR1 tanker, also known as a Panamax class vessel.

  • Carbo Ceramics Inc, a Houston- based oil services company that is the world's largest producer of tiny ceramic balls that can boost the production of fractured wells, may hold the answer.

  • MOSCOW/ LONDON, July 9- With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.

  • RIO DE JANEIRO, July 8- Brazil's most promising offshore oil province, the Santos Basin, has 400 times the number of oil leaks as its older and more prolific neighbor, the Campos Basin, a Brazilian university study says, raising concern about the environmental sustainability of the country's new oil wealth.