It's not just tough refining margins hitting Big Oil, but lower oil production as well.» Read More
*Gazprom Neft postpones project start-up. Work by the likes of BP and Exxon Mobil boosted output by 600,000 barrels per day to top 3 million bpd in 2012..
Dozens of angry Shi'ite Muslim workers and tribesmen stormed the Schlumberger Ltd camp in North Rumaila and wrecked offices early on Monday after accusing a foreign security adviser of insulting their religion, police and employees at the field said.
*Caterpillar has dominant position in market for rig engines. HOUSTON, Nov 12- General Electric Co is trying to deploy more of its natural gas engines on rigs drilling for hydrocarbons in the North American energy boom- where Caterpillar Inc diesel engines have long been the industry standard.
BASRA, Iraq, Nov 11- Dozens of angry Shi'ite Muslim workers and tribesmen stormed a Schlumberger Ltd camp at one of Iraq's main oilfields and wrecked offices early on Monday after accusing a foreign security adviser of insulting their religion, police and employees at the field said.
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.
*China has been struggling to unlock its massive shale gas reserves. BEIJING, Oct 28- Chinese oil giant Sinopec Corp is for the first time pumping shale gas from test wells in commercial quantities in what it hopes will be a breakthrough in the development of a badly needed new energy source.
SAN FRANCISCO/ KHOBAR, Saudi Arabia, Oct 27- G lobal energy service giants are banking on a boom in Saudi oil and gas drilling over the next few years to revive profits that are being squeezed by overcapacity in the North American market.
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.
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.
*Middle East and Asia drive international demand. Oct 18- Steadily growing drilling activity in U.S. offshore waters and overseas gave a bigger-than-expected lift to quarterly profits at oil services companies Schlumberger Ltd and Baker Hughes Inc, marking a clear divide with struggling smaller U.S. competitors.
LONDON, Oct 18- Oklahoma is emerging as the next big shale oil play, with production growing faster than in any other U.S. state apart from Texas and North Dakota. Like Texas and North Dakota, Oklahoma is an old, established oil- and gas-producing state. Only Texas and California had more.
*Middle East, Asia Pacific revenue up 10 pct. Oct 18- Baker Hughes Inc, the world's third-largest oilfield services company, reported a better-than-expected quarterly profit, driven by strong drilling activity in the Middle East and Asia Pacific.
Oct 18- Baker Hughes Inc, the world's third-largest oilfield services company, posted a 22 percent increase in quarterly profit, driven by strong international drilling activity, particularly in the Middle East and Africa. Net income rose to $341 million, or 77 cents per share in the third quarter, from $279 million, or 63 cents per share, a year earlier.
LONDON, Oct 16- North Dakota's rapidly rising oil output continues to defy the sceptics, who have predicted that production would stop growing as declining output from existing wells offsets extra production from new drilling.
LONDON, Oct 4- LNG-powered locomotives could be in widespread use on North American railroads as early as 2016 or 2017, according to Railway Age, one of the industry's leading technical publications- which is far sooner than most energy analysts expect.
*Sees first-qtr revenue $7 bln- $7.3 bln vs est $7.39 bln. Sept 26- Accenture Plc said it was too early to say if the fourth-quarter growth in its consulting business was sustainable, and forecast quarterly revenue below analysts' estimates. Revenue in Accenture's bigger business, consulting, grew 2 percent to $3.8 billion in the three months ended August.
Sept 26- Accenture Plc reported higher-than-expected quarterly revenue as income in its bigger business, consulting, rose after four quarters of decline, but the company forecast current-quarter revenue below analysts' estimates. Accenture said it expects first-quarter revenue of $7 billion- $7.3 billion.
Reforms that would open up Mexico's energy industry were less aggressive than some oil companies would have liked, but the proposed changes are still likely to have their winners.
NEW YORK, Aug 9- The number of rigs drilling for natural gas in the United States fell by two this week to 386, data from Houston- based Baker Hughes showed on Friday. The oil-focused rig count fell for a second week, shedding three rigs to 1,385. The oil rig count hit a nine-month high of 1,413 eight weeks ago, Baker Hughes data showed.
Aug 9- Shares of Frank's International NV, a provider of drilling equipment and services to Chevron Corp and Exxon Mobil Corp among others, soared 30 percent in the company's debut as investors bet on international growth.