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*West African crude replacing Iranian shipments to India, China. Chief Executive Herbjorn Hansson said Western sanctions on doing business with Iran had led to an increase in oil shipments from West African countries to energy-hungry China and India- longer routes that generate bigger revenues for shipping firms.
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Outside North America, the number of rigs actually drilling for oil and gas averaged 1,277 in January and February, the highest since 1983, and more than double the number operating in 1999, according to rig counts published by oil field services company Baker Hughes International on its website.
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March 18- Schlumberger Ltd, the world's largest oilfield services company, warned on Monday that North American activity was coming in lower than expected in the first quarter as fewer rigs were going back to work than it predicted. Shares of Schlumberger fell 3.2 percent to $76.88 in early trading on the New York Stock Exchange.
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March 18- Schlumberger Ltd, the world's largest oilfield services company, warned on Monday that North American activity was coming in lower than expected in the first quarter, as fewer rigs were going back to work than it had expected. Shares of Schlumberger fell 2.5 percent to $77.40 in early trading on the New York Stock Exchange.
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LONDON, March 15- Diesel is now six times more expensive than natural gas on an energy-equivalent basis in the United States, a gap that is unsustainable. As Herbert Stein, chief economist to President Richard Nixon noted, if something cannot go on forever, it will stop. Half of all refuse trucks sold in the United States last year run on gas.
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One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
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LOS ANGELES, March 14- ENN Group Co Ltd, one of China's largest private companies, is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
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*CNOOC expects higher output from UK North Sea assets. CNOOC has taken a controlling stake in the North Sea field central to the price of benchmark Brent crude and which, every time it shuts, can raise costs for some of China's oil imports. "We fully expect to increase production from the UK North Sea assets," CNOOC said in a statement to Reuters. "
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China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms recently awarded exploration rights lacked one core skill - not one has drilled a gas well before.
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*China has seen little commercial shale production so far. BEIJING, March 11- China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms awarded exploration rights in the latest auction lacked one core skill- not one has drilled a gas well before.
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LONDON, March 7- British oil services firm Hunting reported a jump in 2012 profits but gave a cautious outlook for 2013, saying low prices were discouraging drilling for gas in the United States, shrinking the market for extraction services.
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Hunting said profits were helped by activity in the Gulf of Mexico returning to levels seen before BP's oil spill in 2010..
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March 6- Oiltanking Partners LP, an oil and gas transporter, will spend $44 million to build a new vessel dock and upgrade existing ones at its terminal on the Houston Ship Channel to meet demand for export of liquefied petroleum gas.
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LONDON/ PERTH, March 3- Oil engineering consultant Steve earns 550,000 Australian dollars a year and is seeing new graduates signed up for six-figure salaries. Australia, where 39- year old New Zealander Steve works as a drilling specialist for an international oil company, is one of the industry's inflation hotspots.
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Feb 27- A small boat collided with an inactive oil and gas well about 50 miles south of New Orleans on Tuesday night, causing a small oil spill, the U.S. Coast Guard and the operator of the well said on Wednesday.
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Calgary-based CMG, which supplies reservoir-simulation software to 525 firms in 55 countries, is betting that its specialization in unconventional reservoirs will help it win over some clients from industry behemoths such as Schlumberger Ltd, the top oilfield services provider.
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*Saudi Arabia to produce more crude in Q2-sources. *West to make "substantial and serious" offer to Iran. Expectations that Saudi Arabia intends to raise production in the second quarter added pressure, while a Western diplomat said major powers are ready to make "a substantial and serious offer" to Iran during talks on its nuclear program next week.
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For the nearly half of Americans expecting a refund on their taxes this year, four ideas for maximizing the money that's coming back.
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SAN JUAN IXHUATEPEC, Mexico, Feb 4- As Mexico waits for news of what caused a deadly blast at the headquarters of state oil giant Pemex last week, survivors of the worst explosion in the company's history three decades ago still wonder what exactly happened then and what became of their friends.
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*Ownership disputed between Sudan and South Sudan. GENEVA/ KHARTOUM, Feb 4- Sudan has sold a cargo of oil of disputed ownership from South Sudan oilfields, a minister and trading sources said, in what is likely to be seen by the south as a provocation after security and oil transport talks between the two countries fell apart.