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Energy Equipment and Services

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  • Jan 31- National Oilwell Varco Inc's fourth-quarter revenue rose 9 percent, buoyed by strong demand for its services that prepare oil and gas wells for production. The largest U.S. oilfield equipment provider's revenue rose to $6.17 billion in the quarter ended Dec. 31, from $5.68 billion a year earlier.

  • LOS ANGELES, Jan 31- Blu LNG, one of the biggest names in the move to wean U.S. trucks off diesel onto natural gas, has laid off 20 percent of its staff, ousted several senior executives and slowed down development of fueling stations as it waits for more truckers to embrace the switch to the cheap and cleaner-burning fuel.

  • *Baghdad hires law firm after Kurds open new pipeline to Turkey. LONDON, Jan 30- The Iraqi government has hired a law firm to target any buyer of what it considers illegally exported Kurdish crude oil, a Baghdad official said, toughening its tactics in a struggle to halt the northern region's drive for economic independence.

  • Jan 30- Oilfield services company Weatherford International Ltd said it would cut 7,000 jobs and warned that its fourth-quarter profit would miss its forecast, hurt by severe winter in North America and operational disruptions in the Middle East.

  • LONDON, Jan 30- Cutting the cost of everything from salaries and steel pipes to seismic surveys and drilling equipment is the central challenge for the oil and gas industry over the next five years.

  • 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.

  • Groundbreaking Tech Begets a Clean-Up Industry Wednesday, 20 Jun 2012 | 9:42 AM ET

    The U.S. natural gas boom has kicked off a gold rush among companies trying to cash in on minimizing the industry’s environmental footprint.

  • Can the Natural Gas Sector Save the US Economy? Wednesday, 20 Jun 2012 | 9:41 AM ET

    Natural gas's real potential for economic impact lies in the vast reservoirs of shale gas that are newly accessible through hydraulic fracturing.

  • Fracking Brings Riches and Reservations Wednesday, 20 Jun 2012 | 9:41 AM ET

    Amid cries for energy independence, fracking has become crucial to taking advantage of previously untapped resources. Take a closer look at hydraulic fracturing, and why the technology has become so important and controversial.

  • Natural Gas: A Raging Bull in its Battle with Coal Wednesday, 20 Jun 2012 | 9:39 AM ET

    Environmental issues aside,  the economics of natural gas may have already dethroned coal as the nation's key source of electrical power.

  • Fracking Would Revive Texas' Energy-Patch Glory Wednesday, 20 Jun 2012 | 9:37 AM ET

    Natural gas has often taken a backseat to crude oil in the Texas energy business, but the advent of fracking shale gas has given it star billing in the Lone Star State — and the nation.