Energy Equipment and Services


  • HOUSTON/ CARACAS, Nov 4- Venezuela is in the process of seizing oil equipment owned by Houston- based Superior Energy Services, a company spokesman said on Monday, after state-run PDVSA failed to pay debts owed to the U.S. company. In recent years, Venezuela has seized assets of contractors after they halted work to demand PDVSA pay past due bills.

  • LONDON, Nov 1- Warren Buffett's Burlington Northern-Santa Fe railroad captured headlines earlier this year when it announced it would start trialling trains powered by liquefied natural gas.

  • Libya's oil exports still restricted, little improvement Wednesday, 30 Oct 2013 | 9:29 AM ET

    LONDON, Oct 30- Libyan crude oil exports showed little improvement on Wednesday after falling to a trickle this week, except for one tanker that was expected to load condensate from the small western port of Mellitah, trading sources said.

  • HONG KONG, Oct 28- Hong Kong shares snapped a four-day losing streak on Monday, rebounding from seven-week lows on earnings-driven gains for China's two largest insurers and China Oilfield Services. The Hang Seng Index, which closed last week at its lowest since Sept. 6, ended up 0.5 percent at 22,806.6 points.

  • SALMON, Idaho, Oct 25- A General Electric Co subsidiary has dropped its appeal of a federal court order barring a massive shipment of tar sands oil-field equipment from being trucked along a scenic Idaho roadway that cuts through the Indian homelands of the Nez Perce Tribe.

  • National Oilwell shares rose nearly 4 percent to $82.00 in premarket trading on Friday on the New York Stock Exchange. Earlier this month Schlumberger Ltd, the world's largest oilfield services company, said offshore drilling in North America increased.

  • Excess capacity in the refining industry, especially in Europe, and the shale revolution in North America will continue to pressurise Grangemouth and Britain's other oil refineries. Like their counterparts in continental Europe and the East Coast of the United States, Britain's refineries are old, small and relatively unsophisticated.

  • NEW YORK, Oct 21- Brent's premium to U.S. oil widened to touch the 200- day moving average for the first time in seven months after government data showed a build in oil inventories at U.S. oil storage hub Cushing for the first time since late June. U.S. oil's discount to global benchmark Brent $9.89 per barrel. It widened by as much as $9.94 and was last trading at $9.87.

  • Oct 21- Devon Energy Corp said on Monday it would combine all its U.S. natural gas and oil pipeline, processing and related infrastructure assets with those owned by Crosstex Energy Inc and Crosstex Energy LP to form a new midstream business.

  • Oct 21- Buoyant oilfield activity in Russia, Saudi Arabia and Angola helped Halliburton Co beat market expectations with a 17 percent rise in profit, setting up an even better performance for the fourth quarter.

  • BP wins reprieve over Gulf spill payouts Thursday, 3 Oct 2013 | 1:38 AM ET

    BP won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill.

  • Chinese Firm Looks to Tap US Natural Gas Market Thursday, 14 Mar 2013 | 12:26 PM ET
    Engineers at work on the drilling platform of the Cuadrilla shale fracking facility.

    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.

  • China's Dream of US-Style Shale Gas Boom in Trouble Monday, 11 Mar 2013 | 5:00 AM ET

    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.

  • Four Ways to Make Your Tax Refund Pay You Back Wednesday, 13 Feb 2013 | 2:17 PM ET

    For the nearly half of Americans expecting a refund on their taxes this year, four ideas for maximizing the money that's coming back.

  • BP Pays Record $4 Billion in Criminal Penalties Wednesday, 30 Jan 2013 | 2:31 AM ET
    Smoke rises from a controlled burn May 19, 2010, in the Gulf of Mexico.

    A U.S. judge accepted an agreement by BP to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history.

  • Chesapeake CEO to Step Down; Shares Jump After-Hours Tuesday, 29 Jan 2013 | 6:58 PM ET

    Chesapeake Energy, battling a governance crisis and financial strain, said that CEO Aubrey McClendon is leaving the company.

  • Drifting Shell Drilling Rig Grounds on Rocks Off Alaska Wednesday, 2 Jan 2013 | 2:05 AM ET

    An oil drilling rig owned by Royal Dutch Shell ran aground in Alaska after drifting in stormy weather, highlighting the serious risks of working in an offshore region where some in the industry see huge potential.

  • The Bulls Want to Run With SM Energy Sunday, 1 Jul 2012 | 2:53 PM ET

    OptionMonster’s tracking systems detected a giant upside trade in SM Energy, the wildcat oil company, which operates in Texas, Louisiana, and the Rockies.

  • The Math Behind the 100-Year Supply Debate Wednesday, 20 Jun 2012 | 10:17 AM ET

    President Obama has said the U.S. has a supply of natural gas to last nearly 100 years. But it turns out geologists and other researchers disagree on that supply figure, which has huge implications for America's energy policy.

  • Nat Gas Prices Droop but Capital Spending Surges Wednesday, 20 Jun 2012 | 9:42 AM ET

    U.S. energy producers' ability to pull natural gas from shale may have contributed to a price-dampening oversupply for now, but it’s also triggering tens of billions of dollars in capital investments.

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