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*E&P spending to rise more than 7 pct in North America. The Big Oil companies-- Exxon Mobil Corp, Chevron Corp, Royal Dutch Shell Plc and Total SA and BP Plc-- though not targeted by activist investors are also under pressure to boost returns.
WASHINGTON, Nov 15- The U.S. Supreme Court, which has in recent years issued many rulings favorable to businesses, on Friday agreed to revisit a 1988 decision that made it much easier for shareholders to sue companies for alleged securities fraud.
WASHINGTON, Nov 15- The U.S. Supreme Court on Friday agreed to revisit a securities class action case against Halliburton that could have major implications for the future of such lawsuits.
Take a look at some of Wednesday's midday movers:
"I think you have to reassess the asset allocation story right now," Joe Terranova of Virtus Investment Partners says.
It's not just tough refining margins hitting Big Oil, but lower oil production as well.
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.
U.S. stock index futures pointed to a narrowly lower open on Monday.
Some of the names on the move ahead of the open.
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.
It was a "Who's Who" of guests on "Squawk Box"—everybody from Buffett to Bowles, Tepper to Cooperman, and McCain to Corker. "Talking Squawk," the official show blog, covers them all.
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.
NEW ORLEANS, Oct 7- Lawyers for BP Plc and the federal government sparred on Monday over the methods competing teams of scientists used to estimate the size of the company's 2010 oil spill in the U.S. Potential fines under the Clean Water Act could top $17 billion, an amount close to BP's annualized profits as of last quarter.
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.
BP won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill.
NEW ORLEANS, Oct 2- BP's manager in charge of controlling the Macondo blowout in 2010 was never trained to permanently plug a ruptured oil well and said in court on Wednesday the British company was not fully prepared for the worst offshore oil spill in U.S. history.
*Trial concerns a potential near $18 bln in fines for BP. NEW ORLEANS, Oct 1- BP Plc unnecessarily delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill through dithering and indecision, according to allegations by plaintiffs' lawyers on Tuesday that the British company denied.
NEW ORLEANS, Oct 1- Dithering and indecision at BP Plc delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill, according to allegations by plaintiffs' lawyers at trial on Tuesday that the British company denied.