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Oil and Gas Energy Equipment and Services

  • Among major oil- and gas-producing states, Alaska gained two rigs and Wyoming added one. Colorado, North Dakota, Pennsylvania and Texas each lost one. Arkansas, California, New Mexico, Ohio, Utah and West Virginia were unchanged.

  • WASHINGTON, June 22- The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider. Both companies are based in Houston. Writing for the majority, Justice Clarence Thomas said ION infringed...

  • WASHINGTON, June 22- The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider. Both companies are based in Houston. Writing for the majority, Justice Clarence Thomas said ION infringed...

  • WASHINGTON, June 22- The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider. Both companies are based in Houston. In 2015, the Washington- based U.S. Court of Appeals for the Federal Circuit,...

  • WASHINGTON, June 22- The U.S. Supreme Court ruled on Friday that companies can recover profits lost due to the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider. The decision overturned a lower court's ruling that had enforced limits on applying U.S. patent law overseas and...

  • DOON, Iowa— A freight train derailed in northwest Iowa on Friday, leaking crude oil from into flooded fields flanking the tracks and raising concerns about the possible contamination of residential water supplies downstream, officials said. BNSF railroad spokesman Andy Williams said no one was injured when 33 oil tanker cars from Alberta, Canada, derailed...

  • June 21- China's fracking support industry has grown rapidly over the past decade and now makes everything from fracking trucks and pumps to proppants, while local service providers are learning to match global rivals like Schlumberger and Baker Hughes. China's shale gas reserves are buried deeper, more scattered and in more mountainous terrain than in the...

  • *Only 1 supertanker shipping Venezuela oil to China for July arrival- Eikon data. BEIJING/ SINGAPORE, June 15- China's imports of Venezuelan crude oil could sink to their lowest in nearly eight years in July as the OPEC producer struggles with shrinking output and mounting logistics issues, according to people familiar with the matter and shipping data.

  • BENGHAZI, Libya/ LONDON June 14- The major Libyan oil ports of Ras Lanuf and Es Sider were closed and evacuated on Thursday after armed brigades opposed to the powerful eastern commander Khalifa Haftar stormed them, causing a production loss of 240,000 barrels per day. Libya's National Oil Corporation declared force majeure on loadings from both terminals.

  • Libya's National Oil Corporation declared force majeure on loadings from both terminals, according to a document seen by Reuters. The LNA took control of Es Sider and Ras Lanuf along with other oil ports in Libya's oil crescent in 2016, allowing them to reopen after a long blockade and significantly lifting Libya's oil production. Libya's National Oil...

  • BENGHAZI, Libya/ LONDON June 14- The major Libyan oil ports of Ras Lanuf and Es Sider were closed and evacuated on Thursday due to attacks by armed brigades opposed to the powerful eastern commander Khalifa Haftar, causing a production loss of 240,000 barrels per day. The LNA took control of Es Sider and Ras Lanuf along with other oil ports in Libya's oil crescent in...

  • BENGHAZI, Libya/ LONDON June 14- Libya's Es Sider oil port shut on Thursday due to armed clashes in the area and at least one storage tank in the neighboring Ras Lanuf terminal was set alight, an engineer told Reuters. The clashes between forces loyal to Khalifa Haftar's Libyan National Army and rival armed groups were taking place south of Ras Lanuf, where the LNA...

  • BENGHAZI/ LONDON, Libya, June 14- Libya's Es Sider oil port shut on Thursday due to armed clashes in the area and at least one storage tank in the neighboring Ras Lanuf terminal was set alight, an engineer told Reuters. The clashes between forces loyal to Khalifa Haftar's Libyan National Army and rival armed groups were taking place south of Ras Lanuf, where the LNA...

  • BENGHAZI, Libya, June 14- Libya's Es Sider oil port was shut on Thursday due to armed clashes nearby and at least one storage tank in the neighbouring Ras Lanuf terminal was set alight, an engineer in the area said. The clashes between forces loyal to Khalifa Haftar's Libyan National Army and rival armed groups were taking place south of Ras Lanuf, where the LNA was...

  • BENGHAZI, Libya, June 14- Libya's Es Sider oil port was shut on Thursday due to armed clashes nearby and at least one storage tank in the neighbouring Ras Lanuf terminal was set alight, an engineer in the area said. The clashes between forces loyal to Khalifa Haftar's Libyan National Army and rival armed groups were taking place south of Ras Lanuf, where the LNA was...

  • June 11- Venezuelan PDVSA's U.S. refining unit Citgo Petroleum is increasing its efforts to buy crude oil on the open market to compensate for declining supplies from its parent, which is dealing with a severe tanker backlog, traders said on Monday. In recent weeks, Citgo also has been buying Colombian and Ecuadorian heavy grades on the spot market, as well as Azeri...

  • RIO DE JANEIRO/ HOUSTON, June 8- U.S. oil producer Chevron Corp has permanently assigned its Brazil country chief to run its Venezuelan operations after the months-long detention of two executives escalated tensions between the OPEC- member nation and foreign oil firms. He replaced the company's Venezuela general manager, Christopher Whatley.

  • RIO DE JANEIRO/ HOUSTON, June 8- U.S. oil producer Chevron Corp permanently assigned its Brazil country chief to run its Venezuelan operations, three sources said this week, after the months-long detention of two executives escalated tensions between the OPEC- member nation and foreign oil firms. Javier La Rosa, who had been president of Chevron Brazil since 2016...

  • 4 Stocks: Planes, Trains, Energy & Tech

    The "Halftime Report" traders give their top stocks to watch for the second half of the day.

  • June 7- Oil producer BP Plc complained to Canada's National Energy Board regulator about Enbridge Inc's implementation and then abrupt reversal of new rules for shipping crude on its Mainline pipeline system, NEB documents showed on Thursday. The Mainline is part of the largest crude oil transportation network in Canada, funneling oil from Alberta to U.S....