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
*U.S. crude stocks down 4 mln barrels, Cushing down 1.4- EIA. NEW YORK, July 23 (Reuters)- Oil futures rose on Wednesday, with U.S. crude outpacing Brent, after oil stockpiles in the United States fell more than expected. Brent crude for September delivery was up 9 cents at $107.42 a barrel at 12:59 p.m. EDT ( 1659 GMT), after slipping 35 cents in the previous session.
MEXICO CITY, July 23- Mexican state oil giant Pemex said on Wednesday that work at most of its Ciudad Madero refinery in northern Mexico had been halted while it tried to contain an ongoing blaze in a storage tank.
July 21- Halliburton Co, North America's top oilfield services provider, said it would add fracking equipment and crew to take advantage of higher demand in the region, signaling an industry-wide recovery after a two-year slump.
But away from the bad-tempered litigation in U.S. courts, which has dominated the news about Argentina for months, the country is experiencing an oil drilling boom as international companies seek to cash on its huge shale resources.
July 21- Halliburton Co, the world's No.2 oilfield services provider, said it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.
July 21- Halliburton Co, the world's No. 2 oilfield services provider, reported a 20 percent rise in quarterly profit as drilling activity increased in the United States and the Gulf of Mexico. The company also increased its share repurchase program to $6 billion from $5 billion.
July 18- General Electric Co reported a 13- percent jump in quarterly net income Friday on improved sales of its jet engines and oil and gas equipment, and said it was targeting the initial public offering of its private-label credit-card business for the end of the month.
July 18- General Electric Co posted a 13 percent rise in quarterly net income on Friday, helped by increases in sales of its jet engines and oil and gas equipment. Second-quarter net income rose to $3.55 billion, or 35 cents per share, from $3.13 billion, or 30 cents per share, a year earlier.
July 17- Schlumberger Ltd's, the world's largest oilfield services company, reported better-than-expected second quarter revenue as drilling activity picked up in North America. Schlumberger and Baker Hughes provide several services, including seismic surveys that determine where oil lies under the earth's surface and hydraulic fracturing of wells.
July 17- Schlumberger Ltd, the world's largest oilfield services company, reported a nearly 24 percent fall in quarterly profit. Net income fell to about $1.60 billion, or $1.21 per share, in the second quarter ended June 30, from $2.10 billion, or $1.57 per share, a year earlier. Revenue rose 8 percent to $12.05 billion.
By Swetha Gopinath and Ashutosh Pandey. July 17- Baker Hughes Inc, the world's third-largest oilfield services company, said it expects strong growth in North America as oil and gas producers turn to its new technologies to reduce drilling time and cut costs.
July 17- Baker Hughes Inc, the world's third-largest oilfield services company, posted a better-than-expected profit and said it expected increased activity for the remainder of the year. A pick up in drilling activity in North America and steady demand from the Middle East and Asia Pacific helped the company report a 47 percent jump in second-quarter profit.
HOUSTON, July 16- Plains All American may build new pipelines dedicated solely to a very light form of crude oil known as condensate in parts of the Permian Basin in West Texas as output increases, an executive of the U.S. company said this week.
*Large eastern ports restart not seen before August. TRIPOLI/ LONDON, July 16- Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday.
*Vietnam coastguard says rig being moved toward China's Hainan island. *Rig's deployment caused breakdown in China- Vietnam ties.
SAN FRANCISCO, July 15- The first condensate cargo for export is due to load in Texas at the end of this week, headed via the Panama Canal to Asia, shipping sources said. 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.
Carbo Ceramics Inc, a Houston- based oil services company that is the world's largest producer of tiny ceramic balls that can boost the production of fractured wells, may hold the answer.
MOSCOW/ LONDON, July 9- With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.
RIO DE JANEIRO, July 8- Brazil's most promising offshore oil province, the Santos Basin, has 400 times the number of oil leaks as its older and more prolific neighbor, the Campos Basin, a Brazilian university study says, raising concern about the environmental sustainability of the country's new oil wealth.
TRIPOLI, July 2- Libya's acting Prime Minister Abdullah al-Thinni said the government had reached a deal with a rebel leader controlling oil ports to hand over the last two terminals and end a blockade that crippled the OPEC nation's petroleum industry.