GO
Loading...

Enter multiple symbols separated by commas

Energy Equipment and Services

More

  • CALGARY, Alberta, March 31- Canada's Keyera Corp and midstream company Kinder Morgan Inc plan to build 4.8 million barrels of new crude oil storage in the marketing hub of Edmonton, Alberta, the two companies said on Tuesday. The terminal will be a 50-50 joint venture with Keyera's share of costs expected to be C $330 million, while Kinder Morgan will potentially...

  • CALGARY, Alberta, March 31- Canada's Keyera Corp and midstream giant Kinder Morgan Inc plan to build 4.8 million barrels of new crude oil storage in the marketing hub of Edmonton, Alberta, Keyera said in a statement on Tuesday. The new terminal will be a 50-50 joint venture with Keyera's share of costs expected to be C $330 million, while Kinder Morgan will...

  • *FACTBOX on Iran oil sanctions. DUBAI/ NEW DELHI/ HONG KONG, March 31- A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable. Under sanctions Iran became adept at offering discounts, easy credit and free shipping to keep in the game, recalling...

  • NEW YORK, March 31- A month ago, it seemed inevitable: a massive global oversupply of crude oil production would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore. Now, there are growing signs that the U.S. oil market can avoid the doomsday scenario in which it runs out of room to stockpile surplus crude, a development that oil traders worried...

  • LONDON, March 30- China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. Tanker data listed it as being run by Glasford, the shipping-arm of PetroChina. Trading sources estimate Yemen's oil exports before...

  • March 27- The number of rigs drilling for oil in the United States declined by 12 this week to 813, the smallest decline since December, oil services firm Baker Hughes said in its closely watched survey on Friday. With the decline this week, the number of oil rigs has fallen for a record 16th week in a row to the lowest level since 2011, according to Baker Hughes data...

  • March 27- Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Drillship operators face a more brutal hit to margins than they did after the oil-price crash of 2008 because of the huge cost of maintaining the more than $10...

  • March 27- Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Drillship operators face a more brutal hit to margins than they did after the oil-price crash of 2008 because of the huge cost of maintaining the more than $10...

  • UPDATE 1-Oil prices surge after Saudi air strikes in Yemen Wednesday, 25 Mar 2015 | 10:19 PM ET

    *War-torn Yemen sits on the Gulf of Aden. *Tankers to Asia do not pass through Gulf of Aden. TOKYO/ SINGAPORE, March 26- Brent crude oil prices rose by more than a dollar in early Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although Asian importers said they were not immediately worried about supply...

  • March 25- General Electric Co said it increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices. "As a result of increasingly challenging market conditions, we are announcing additional workforce reductions in our Lufkin business," said Kristin Schwarz, a GE Oil& Gas spokeswoman.

  • March 25- General Electric Co increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices, Bloomberg reported. The move follows GE's notification to regulators in January of the planned layoffs of 330 people at its beam-pumping manufacturing facility in Lufkin, Texas.

  • *China strategic reserves close to capacity- Sinopec exec. Germany, Europe's largest economy, saw business morale rise for the fifth month in a row in March, hitting its highest since July 2014, Ifo's business climate index showed. Brent crude oil was up 32 cents at $55.43 a barrel by 1029 GMT.

  • *U.S. oil inventories to rise until May- Morgan Stanley. *China strategic reserves close to capacity- Sinopec exec. LONDON, March 25- Brent crude oil steadied above $55 a barrel on Wednesday, not far above the week's lows, as more evidence emerged of global oversupply that has filled fuel storage tanks around the world.

  • BEIJING, March 25- China's commercial and strategic oil storage is almost full, a Sinopec trading executive said on Wednesday, leaving little room for Asia's top oil consumer to keep up its soaring import growth and adding downward pressure to an already oversupplied market. China's purchases to fill its strategic petroleum reserves was one of the main...

  • BEIJING, March 25- China's commercial and strategic oil storage is almost full, a Sinopec trading executive said at an industry forum on Wednesday, leaving little room for the world's No.2 oil consumer to increase its crude imports this year. China's purchases to fill its strategic petroleum reserves was one of the main drivers of Asian demand since August of...

  • March 23- The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd, the world's No.1 oilfield services provider, said on Monday. Spending cuts already announced by producers- to the tune of 25 to 60 percent- have dropped the rig count by 45 percent since late 2014, and output will soon...

  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- U.S. crude futures settled more than 1 percent higher on Monday, boosted by a falling dollar that outweighed pressure on prices from a global supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to maintain production levels, saying it would consider...

  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- Brent crude oil prices slipped towards $55 in the last hour of trading after an announcement from Saudi Arabia that its daily oil production neared record highs outweighed a weakened dollar. Saudi Arabia has stood firm on its decision to maintain production levels, saying it would...

  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- U.S. crude oil climbed above $47 a barrel on Monday as a declining dollar offset global oversupply concerns stemming from an announcement by Saudi Arabia that it was pumping around 10 million barrels per day, near a record high. Houston- based Schlumberger Ltd, the world's top oilfield...

  • *Schlumberger sees higher oil prices in second half of 2015. LONDON, March 23- Oil prices rose close to $56 a barrel on Monday as a weaker dollar offset concerns over global oversupply after Saudi Arabia said it was pumping around 10 million barrels per day, near a record high. Saudi Arabia has stood firm on its decision to maintain production levels, saying it would...