Energy Equipment and Services


  • BUENOS AIRES, May 22- Argentina has won the "geological lottery" with its 1,000- foot-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country. "The shale play in Argentina is unique because of the rock.

  • *First 1 million barrel cargo being loaded at Ceyhan, Turkey. ANKARA/ ISTANBUL, May 22- Iraqi Kurdistan started loading oil from its new pipeline for shipment from a Turkish port on Thursday, defying the Baghdad government, which claims sole authority over Iraqi crude and declares any independently sold oil as' smuggled'.

  • *Move likely to infuriate Baghdad. ANKARA/ ISTANBUL, May 22- Iraqi Kurdistan started loading oil from its new pipeline for shipment from a Turkish port on Thursday despite a dispute with Baghdad, which claims sole authority over Iraqi oil and declares any independently sold oil as' smuggled'.

  • MARACAIBO, Venezuela, May 21- Venezuelan state oil company PDVSA on Wednesday said it had been granted a total of $2 billion in credit lines by oilfield services companies Halliburton Co, Schlumberger NV and Weatherford International Ltd..

  • BEIJING, May 21- Sinopec Group said it is forming a joint venture oilfield services company with U.S.-listed Weatherford International, a move that may give the Chinese state energy firm the lead in tapping the nation's potentially vast shale resources.

  • *Sees 2015 capital spend $5.5- $6.0 bln, higher than 2014 forecast. May 16- Chesapeake Energy Corp said it expects to sell more than $4 billion in assets this year and will spin off its oilfield services division as the second-largest U.S. natural gas producer focuses on drilling more profitable wells and improving returns.

  • *Agrees to sell certain US assets for about $600 mln. *Sees 2015 capital spend $5.5- $6.0 bln, higher than 2014 forecast. May 16- Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said it expects to raise more than $4 billion this year from asset sales and by spinning off its oilfield services division.

  • NEW YORK, May 16- Two years ago, Denver- based oil and gas driller Bonanza Creek Energy wanted to spread its credit risk and hedge its production- and it called on some regional Main Street banks to help do it. Ohio- based KeyCorp led the lenders and was also among the banks providing hedging.

  • *Baghdad has threatened to sue companies doing trade. LONDON, May 15- Israeli and U.S. oil refineries have joined the growing list of customers for crude from Iraqi Kurdistan, a region locked in a bitter struggle with the central government in Baghdad that says the sales are illegal. Baghdad refuses to sell oil to Israel, echoing other Arab states.

  • VANCOUVER, May 14- Canada unveiled new rules on Wednesday to enhance pipeline safety and spill response, ahead of the development of new projects proposed to carry crude from Alberta's oil sands to coastal ports for export.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, May 12- If you are looking for an explanation as to why crude oil prices in Asia aren't lower, then the blame rests squarely with Chinese stockpiling.

  • The environmental group Earthjustice petitioned the EPA to consider the rules on fracking fluids. Jones told reporters the EPA wants to learn what is happening at the state level and what voluntary mechanisms are available for reporting. Deborah Goldberg, an attorney with Earthjustice, said the EPA was being "less than aggressive" on the issue.

  • NEW YORK, May 9- Nuevo Midstream LLC has hired Barclays PLC to explore a sale of the U.S. natural gas pipeline infrastructure company that could fetch more than $2.5 billion, sources familiar with the matter said on Friday.

  • ABU DHABI, May 8- Oil services firm Gulf Marine Services plans to spend around $400 million up to 2016 and expand into south-east Asia and west Africa next year to tap strong demand for its vessels, its chief executive said on Thursday.

  • *China palm oil imports seen falling on credit curbs. SINGAPORE/ KUALA LUMPUR, May 7- China's refined palm oil imports could be hit as buyers struggle for funding, the latest casualty in Beijing's crackdown on commodity financing in the face of slowing domestic demand.

  • *China palm oil imports seen falling on credit curbs. Commodities have been commonly used for financing in China, where traders or investors borrow against a product with the aim of investing the money in high-return areas such as real estate.

  • *Halliburton, McDermott, China Oilfield among firms operating in country. JAKARTA, May 5- Indonesia has introduced new regulations restricting foreign investment in drilling, maintenance and construction in the oil industry, in an effort to give domestic firms an opportunity to better compete, government officials confirmed on Monday.

  • OSLO, April 30- Oil services firm Aker Solutions said on Wednesday it would split into two, keeping its best assets in a streamlined firm under new management as the market sours for several of its top business segments.

  • April 28- Williams Partners LP said Monday it plans to return to service the four undamaged units at its natural gas processing plant in Opal, Wyoming, which shut last week after an explosion and fire damaged one of the facility's five units.

  • M&A, upbeat results help European stocks resume rally Thursday, 24 Apr 2014 | 6:15 AM ET

    *M&A activity boosts Alstom, Scania. LONDON, April 24- European shares resumed their rise on Thursday, boosted by mergers and acquisitions activity and upbeat updates from electrical gear maker Schneider Electric and oil services group Technip among others.