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Oil and Gas Energy Equipment and Services

  • OSLO, Oct 11- Shares in oilfield services firm Subsea 7 rose on Wednesday on an unconfirmed report it had been in talks with Baker Hughes about a possible takeover, but that the talks had now ended. A Wall Street Journal report, which quoted anonymous sources, said the discussions broke down over the price but could be revived. They had been up 1.9 percent when the Oslo...

  • *Jonathan Lewis to become CEO in December. Oct 10- Capita has picked turnaround specialist Jonathan Lewis as its new chief executive, with a remit to overhaul the British outsourcing firm after a string of profit warnings. Capita offers IT-based services to public and private sector companies so they can cut costs, but has been hit by delays in spending decisions...

  • HOUSTON, Oct 7- Hurricane Nate was heading on Saturday toward refineries, offshore oil platforms and other energy facilities in the central U.S. Gulf Coast that largely were spared by Hurricane Harvey's wrath nearly six weeks ago. Gulf of Mexico, more than three times the amount affected by Harvey, which packed more of a punch when it hit the Texas coast.

  • HOUSTON, Oct 7- Hurricane Nate was heading on Saturday toward refineries, offshore oil platforms and other energy facilities in the central U.S. Gulf Coast that largely were spared by Hurricane Harvey's wrath nearly six weeks ago. Gulf of Mexico offshore platforms, nearly three times the number affected by Harvey, which packed more of a punch when it hit the Texas...

  • HOUSTON— The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 936.. Texas lost three rigs, Pennsylvania and Wyoming lost two each, and Louisiana shed one rig. Alaska, Arkansas, California, New Mexico, North Dakota, Ohio, Utah and West Virginia were unchanged.

  • Riyadh and Moscow backed deal on oil production cut. RIYADH/ MOSCOW, Oct 3- The leaders of Saudi Arabia and Russia, the world's biggest oil exporters, are expected to discuss cooperation on oil production and differences over Syria and Iran on Thursday during the first visit to Moscow by a reigning Saudi Monarch. The visit, including talks in the Kremlin with...

  • HOUSTON, Oct 3- Buckeye Partners has resumed operations at its marine oil terminal and storage tanks in Puerto Rico, which could help ease shortages of diesel and gasoline on the island two weeks after it closed the facility ahead of Hurricane Maria. Buckeye last week reopened a truck terminal at its Yabucoa terminal, but fuel imports to Puerto Rico had been...

  • HOUSTON, Oct 3- Buckeye Partners has resumed full operations at its oil terminal and storage tanks in Puerto Rico two weeks after it closed the facility ahead of Hurricane Maria, the company said on Tuesday. "Buckeye has safely resumed full service of its marine, truck and tank operations at the Yabucoa, Puerto Rico Terminal Facility and is available to meet the...

  • XIAOZHANGWAN, China, Oct 3- As freezing winds whip across northern China this winter, Yao Guanghui is happy he'll have one less chore to do: feeding the coal furnace that has long heated his small house on the outskirts of Beijing. Yao and his family are among millions of people across northern China preparing for their first winter to be heated by gas- part of a...

  • LONDON, Sept 28- Total oil product stocks held in independent storage facilities at the Amsterdam- Rotterdam- Antwerp refining hub rose more than 6 percent to 5.72 million tonnes in the week to Thursday, according to data from Dutch consultancy PJK International. He added the arbitrage to Asia from northwest Europe was now looking more attractive and more...

  • *Matrix expects mid-2020 completion of storage tanks at Cushing. *Eyes expansion of storage futures model into Asia. SINGAPORE, Sept 28- Matrix Global Holdings is planning to start up an oil storage futures contract for low-sulfur crude oil that will enable companies to build up supplies for export cargoes, as Asia looks for more crude imports from the United...

  • MOSCOW/ KHOBAR, Saudi Arabia, Sept 27- Saudi Arabia is expected to sign several memoranda of understanding with Russian companies during a state visit to Moscow next week, industry sources said on Wednesday. The agreement is one of several due to be signed during King Salman's visit to Russia next week, his first trip to Moscow since becoming king in 2015..

  • NEW YORK, Sept 26- Monroe Energy, a subsidiary of Delta Air Lines, ran out of crude oil at its 185,000 barrel-per-day Trainer, Pennsylvania, refinery after delays in unloading a supertanker called C. Innovator, according to a source familiar with the company's operations and Reuters shipping data. Very Large Crude Carriers, or VLCCs, are capable of carrying roughly...

  • Energy Secretary Rick Perry asked an oil industry advisory council on Monday to help find ways for oil drillers to exploit technology that captures carbon emissions from coal-fired power plants, by injecting the carbon dioxide into the ground to help drill for oil. "Integrating technology and deploying CCUS at scale still remains a commercial challenge,"...

  • Energy Secretary Rick Perry on Monday asked an oil industry advisory council to help find ways for oil drillers to exploit technology that captures carbon emissions from coal-fired power plants, by injecting the carbon dioxide into the ground to help drill for oil. "Integrating technology and deploying CCUS at scale still remains a commercial challenge,"...

  • SINGAPORE, Sept 25- Iran aims to maintain its crude and condensate exports for the rest of 2017 though recent maintenance, depleted oil storage and a growing domestic appetite will limit shipments abroad, a senior official at the national state oil company said on Monday. Iran has a target to export around 2.6 million barrels per day of crude oil and condensate...

  • TOKYO/ SEOUL, Sept 22- Iranian exports of ultra-light crude oil known as condensate are set to fall to a five-month low in October, with supplies to its largest buyer South Korea cut by half, a source with knowledge of Iran's preliminary tanker schedule said on Friday. Iran plans to load about 295,000 barrels per day of condensate for exports in October, down 31...

  • LONDON, Sept 20- Lukoil is seeking to sell its ISAB oil refinery complex in Italy as part of the Russian firm's review of its overseas operations, two industry sources said on Wednesday. Lukoil, Russia's second largest oil producer, has offered financial and technical data about the complex to potential buyers in order "to test the market's appetite," one of the...

  • LONDON, Sept 14- Forward U.S. oil prices for 2018 have climbed back above $50 per barrel, a level that should be high enough to stabilise drilling activity over the next two months. Between February 2016 and January 2017, the progressive increase in forward prices encouraged shale producers to boost output by hiring extra drilling rigs. Forecasts by the U.S. Energy...

  • LONDON, Sept 14- Forward U.S. oil prices for 2018 have climbed back above $50 per barrel, a level that should be high enough to stabilise drilling activity over the next two months. Between February 2016 and January 2017, the progressive increase in forward prices encouraged shale producers to boost output by hiring extra drilling rigs. Forecasts by the U.S. Energy...