Baker Hughes Inc. Senior Vice President and Chief Financial Officer Peter Ragauss plans to retire by 2014' s end. Ragauss has worked for the Houston company for eight years. Shares of the oilfield services company fell 30 cents to $53.54 in midday trading.» Read More
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.
LONDON, Oct 11- A giant catamaran strong enough to lift four Eiffel Towers will set off from a South Korean shipyard next year with the task of decommissioning North Sea oil rigs- a $3 billion bet that bringing derelict platforms ashore can be a profitable business.
TIOGA, North Dakota/ NEW YORK, Oct 10- A Tesoro Logistics LP pipeline has spilled more than 20,000 barrels of crude oil into a North Dakota wheat field, the biggest leak in the state since it became a major U.S. producer. Farmer Steven Jensen discovered the leak on Sept. 29 while harvesting wheat on his 1,800- acre farm, about nine miles northeast of Tioga, North Dakota.
*Regency Energy to buy PVR Partners for $3.8 bln. Oct 10- Pipeline operators Regency Energy Partners LP and Crestwood Midstream Partners LP both announced plans to buy peers to expand their pipe networks, as infrastructure companies seek bigger stakes in the U.S. shale oil and gas boom.
NEW YORK, Oct 7- U.S. oil futures pared losses on Monday in late morning trade after a report that a key pipeline delivering crude oil from Cushing, Oklahoma, had resumed shipping following an earlier outage.
TRIPOLI/ TUNIS Oct 7- Deep in Libya's southern Sahara, tribal sheikhs crowded into a Bedouin tent last month to declare their remote province bordering Algeria would break away from the government in far-off Tripoli.
BP won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill.
NEW ORLEANS, Oct 2- BP's manager in charge of controlling the Macondo blowout in 2010 was never trained to permanently plug a ruptured oil well and said in court on Wednesday the British company was not fully prepared for the worst offshore oil spill in U.S. history.
*Statoil seen driver behind innovation. OSLO/ ABERDEEN, Scotland, Sept 27- A drillship that cuts through two metres of ice, radar that detects oil spills in Arctic darkness and a drill that burrows through rock like a mole are among Norwegian innovations helping the oil industry as it moves into harsher climes.
SEOUL, Sept 27- Abu Dhabi National Oil Co has delivered 2 million barrels of crude to South Korean storage facilities, the first such shipment by the UAE firm after it leased the space to store six million barrels, South Korea's energy ministry said.
LOS ANGELES, Sept 25- Liquefied natural gas producer Applied Natural Gas Fuels Inc on Wednesday said it plans to build a plant in Texas to supply LNG to industries like rail and trucking that want to reduce reliance on more-expensive diesel fuel. The privately held company has secured land south of Dallas in Midlothian, Texas and is in the permitting process.
Sept 24- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, said it planned to spin off its oilfield production equipment distribution business into a new publicly traded company.
Sept 24- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, said it would spin off its oilfield production equipment distribution business into a new publicly traded company.
*HSBC Holdings advising NPS Energy on sale- sources. *HSBC to finalise list of three bidders this week- sources. DUBAI, Sept 22- Dubai- based oil services firm NPS Energy has put itself back up for sale, hoping to fetch up to $700 million after a deal to be bought by Norway's Aker Solutions fell apart last year, sources familiar with the matter said.
Sept 18- General Electric Co's decision to name rising star Lorenzo Simonelli to head its oil and gas equipment business signals just how important energy has become to the conglomerate as it retreats from finance and returns to its industrial roots.
NEW YORK, Sept 18- Contaminated water spilling from flooded oil and gas drilling sites in Colorado is refocusing attention on the environmental risks surrounding America's fracking boom.
Sept 6- Oilfield services provider Oil States International Inc said it sold its casing and tubing business to a private company for $600 million, a day after activist investor Jana Partners LLC disclosed a higher stake in the company. Oil States expects to use the proceeds to fund its increased share repurchase program and to repay debt.
LONDON, Sept 3- Oil exploration at a site in rural England that sparked anti-fracking protests two weeks ago will be put on hold later this month and reconsidered next year with the freeze hailed a "cautious victory" by campaigners.
LAUNCESTON, Australia, Aug 30- The premium of Brent crude over Dubai has soared to the highest in almost two years on tensions over Syria, but how long it stays there depends not only on the likelihood of conflict, but on how Asia's major crude buyers respond to the crisis.