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  • 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.

  • TRIPOLI, July 2- Libya's acting Prime Minister Abdullah al-Thinni said the government had reached a deal with a rebel leader controlling oil ports to hand over the last two terminals and end a blockade that crippled the OPEC nation's petroleum industry.

  • ALBANY, N.Y., June 30- New York state's top court ruled on Monday that towns have the authority to ban gas drilling within their borders, giving a boost to opponents of the drilling method known as fracking.

  • N.Y. top court says towns can ban fracking Monday, 30 Jun 2014 | 10:17 AM ET

    ALBANY, N.Y., June 30- New York's top state court has held that towns have the authority to ban gas drilling within their borders, giving a boost to opponents of the drilling method known as fracking.

  • *Worries over risks to Iraq supply ease, traders say. *Libya loads 600,000- bbl tanker for Italy. NEW YORK, June 27- Brent crude oil was little changed in choppy trading on Friday as investors moved to square positions following one of the international benchmark's biggest weekly falls this year due to reduced concerns over exports from strife-torn Iraq.

  • *Worries over risks to Iraq supply ease, traders say. *Libya loads 600,000- bbl tanker for Italy. NEW YORK, June 27- Brent crude oil was little changed in choppy trading on Friday as investors moved to square positions after Brent posted one of its biggest weekly falls this year due to reduced concerns over exports from strife-torn Iraq.

  • BRUSSELS, June 25- The European Union's top negotiator in the gas price row between Ukraine and Russia said on Wednesday he would call Moscow as soon as possible to try to get both sides back to talks and Ukraine meanwhile should fill up its gas storage.

  • Iran wants steep increase in Azeri gas imports Wednesday, 25 Jun 2014 | 10:55 AM ET

    BAKU, June 25- Iran wants to raise gas imports from Azerbaijan almost six-fold to 2 billion cubic metres a year from a current 370 million cubic metres and to use gas storage in Azerbaijan, a source at the Azeri state energy company SOCAR told Reuters.

  • LONDON, June 24- British oil and gas services group Petrofac reported a record order backlog of $20.1 billion on Tuesday and said violence in Iraq had not so far affected its operations there.

  • LIBYA'S HARIGA PORT EXPECTS SECOND TANKER ON SUNDAY, EL FEEL OILFIELD WORKING "NORMALLY"- NOC.

  • *Israel keen to build rapport with Kurds. *Israel previously bought small cargoes of trucked oil. LONDON, June 20- A tanker delivered a cargo of disputed crude oil from Iraqi Kurdistan's new pipeline for the first time on Friday in Israel, despite threats by Baghdad to take legal action against any buyer.