In midday trading, Teekay shares fell more than 12 percent. Bermuda- based Teekay announced on Thursday that it will buy the oil tankers for $230 million. Shares of Teekay fell 67 cents, or 12.4 percent, to $4.73 in midday trading Friday.» Read More
VIENNA, Aug 2- Austria will feel a pinch but be able to handle European sanctions against Russia over its role in Ukraine's political crisis, Economy Minister Reinhold Mitterlehner said. Shares in Cat Oil AG, a Vienna- based oil and gas field service contractor, fell on Friday after it said Russia sanctions could slow its growth.
HOUSTON, Aug 1- Baghdad wants to settle a high-stakes dispute over $100 million worth of Kurdish crude oil in Iraq's courts, although the oil is sitting in a tanker off the coast of Texas, a U.S. court filing said on Friday.
LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.
HOUSTON, July 31- A $100 million cargo of crude oil in a tanker near Texas was legally shipped and sold by Kurdistan, lawyers for the autonomous region in Iraq told a U.S. court in a letter seen on Thursday, saying Baghdad has no right to the barrels.
LONDON, July 31- Supporters of natural gas promote it as a clean "bridge fuel" between the coal-and-oil dominated energy system of the present and the zero-emissions system of the future based on renewables and nuclear power. Shifting to gas is at the heart of the U.S. Environmental Protection Agency's proposed new rules for power plant emissions.
MOSCOW, July 31- Russia's second largest oil producer Lukoil said on Thursday it had agreed to sell 240 filling stations and six petroleum storage facilities in Ukraine to Austria's AMIC Energy Management GmbH to "optimise its asset structure".
July 30- Hess Corp said on Wednesday it would form a master limited partnership for its North Dakota oil and natural gas storage facilities and processing plants, taking advantage of a key financial trend in the energy sector to generate cash.
LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.
ISTANBUL/ LONDON, July 30- Iraqi Kurdistan's attempts to export oil independently of Baghdad hit another obstacle on Wednesday, as a Turkish energy official and industry sources said the autonomous region's pipeline to the Mediterranean has been shut for the past week.
Westport Petroleum Inc, the Franklin, Tennessee- based shipping arm of Japanese trader Mitsui& Co, chartered the BW Zambesi, an LR1 tanker, also known as a Panamax class vessel, in mid-July for the voyage. The tanker, owned by BW Group, docked at the Galveston terminal in Texas on Tuesday, AIS data on Reuters showed.
July 29- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, forecast falling demand for deepwater rigs, overshadowing robust demand for jack-up rigs, used in shallower waters, as well as land rigs.
July 29- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a better-than-expected rise in profit for the fourth quarter in a row due to higher margins in its rig systems business.
July 29- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 17 percent rise in quarterly profit, helped by higher demand for its rig systems. Net income attributable to the company rose to $619 million, or $1.44 per share in the second quarter ended June 30, from $531 million, or $1.24 per share, a year earlier.
HOUSTON, July 28- AET Offshore Services, a company in Texas hired to unload a tanker full of crude oil from Iraqi Kurdistan, said in a court filing on Monday the Republic of Iraq has laid claim to the cargo. AET, before starting to unload the ship, asked a federal district court in Texas to determine whether Iraq's claim was valid.
AET OFFSHORE SERVICES INC, HIRED TO UNLOAD TANKER WITH KURDISH CRUDE OIL, SAYS IRAQ HAS CLAIMED OWNERSHIP OF CARGO- FILING.
*Demand weak in Europe and Asia but supplies ample. *U.S., EU prepare more sanctions on Russia over Ukraine. LONDON, July 28- Brent crude oil slipped towards $107 a barrel on Monday as ample supply in the Atlantic basin and weak demand in Europe and Asia outweighed worries over political tensions in Ukraine and the Middle East.
HOUSTON, July 27- A tanker carrying crude oil from Iraqi Kurdistan was cleared by the U.S. Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block delivery of the controversial crude.
HOUSTON, July 26- A tanker carrying crude oil from Iraqi Kurdistan is hours away from the Port of Galveston in Texas, according to Reuters ship tracking data and the U.S. Coast Guard, its arrival imminent despite Washington's concerns about independent oil sales from the autonomous region.
WASHINGTON, July 23- The U.S. ethanol industry pushed back on Wednesday against what they called a "one size fits all" approach to proposed federal rules for shipping fuel by rail, saying regulators must distinguish between the often corn-based biofuel and crude oil.
*U.S. crude stocks down 4 mln barrels, Cushing down 1.4- EIA. NEW YORK, July 23- Crude oil futures rose on Wednesday, as oil stockpiles in the United States fell more than expected and geopolitical tensions in Eastern Europe and the Middle East persisted.