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Oil and Gas Energy Equipment and Services

  • DUBAI, Aug 16- OPEC member Iraq has formed a joint venture with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and industry sources. AISSOT is owned by state firm Iraqi Oil Tankers Co and Arab Maritime Petroleum Transport Co, a pan-Arab company in which Arab oil producers such as Saudi...

  • HOUSTON, Aug 9- Permico Energia LLC has become the sixth company in recent months to propose building a natural gas liquids pipeline from the nation's largest oil field in West Texas to market hubs a few hundred miles away. The Houston- based midstream company plans to construct a 510- mile pipeline from the Permian Basin and Eagle Ford shale regions to Corpus...

  • *Papua New Guinea contract includes wide range of services. LONDON, Aug 8- Baker Hughes, now part of General Electric, has won a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field which is sees as a new model to help producers adapt to a world of low oil prices. The contract in Papua New Guinea, worth several hundred...

  • *Papua New Guinea contract includes wide range of services. LONDON, Aug 8- Baker Hughes, a GE Company has won a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field which is seen as a new model to help producers adapt to a world of low oil prices. Applying the integrated suite of services together with advanced...

  • U.S. OIL DRILLERS CUT RIGS FOR 2ND WEEK IN THREE -BAKER HUGHES.

  • *Index posts its highest close since June 28. TORONTO, Aug 2- Canada's main stock index posted its highest close in five weeks on Wednesday, boosted by gains for its heavyweight financial and energy groups as oil prices rose and the Canadian dollar retreated for a third straight day. The Toronto Stock Exchange's S&P/TSX composite index ended up 63.53 points, or...

  • *Qatar's GIS slumps on huge profit miss. DUBAI, Aug 1- Saudi Arabian shares snapped a six-session losing streak on Tuesday while Qatar's market fell, hit by a slump in an oil drilling service provider after it barely broke even in the second quarter. Gulf International Services lost 8.0 percent after posting net profit of 700,000 Qatari riyals, according to...

  • July 28- Oilfield services provider Baker Hughes, now part of General Electric Co, expects growth in North American onshore activity to decelerate in the second half of this year, the company said on Friday in a filing. Net loss attributable to Baker Hughes narrowed to $179 million, or 42 cents per share in the second quarter ended June 30, from $911 million, or $2.08...

  • July 28- Oilfield services provider Baker Hughes, now part of General Electric Co, on Friday reported a smaller quarterly loss compared with a year earlier, when it incurred restructuring charges. Net loss attributable to Baker Hughes narrowed to $179 million, or 42 cents per share in the second quarter ended June 30, from $911 million, or $2.08 per share, a year...

  • QUITO, July 27- Ecuador said on Thursday it had successfully negotiated a payment plan with Schlumberger, although it did not specify if the deal included reimbursement for roughly $850 million owed to the oil service company. Ecuador said it had reached a deal to index contracts to international crude prices to better reflect market conditions and spur...

  • HOUSTON, July 27- Oilfield service companies do not expect their businesses will get a major activity boost from oil prices in the second half of this year, but demand is robust enough that they will be able to raise fees, executives said. "We are well structured for the $45 to $55 a barrel range," Andy Hendricks, chief executive of drilling and fracking services...

  • LONDON, July 26- Supportive crude prices and strong results from energy firms and auto companies helped European shares rise on Wednesday. "Indications are more positive on the outlook for energy stocks, especially for the most geared such as oil services," said Angelo Meda, head of equities at Banor SIM in Milan. Oil services firm Petrofac added 1.4 percent after...

  • *New York shares fall, Paris- listed stock also down. PARIS, July 25- TechnipFMC's shares slid on Tuesday, a day after the oil services company said it had overstated its first-quarter net income by $209.5 million. TechnipFMC shares were down by around 4 percent in New York and in Paris, where the company has a secondary stock market listing, while Saipem shares were...

  • PARIS, July 25- TechnipFMC's shares fell on the Paris stock market on Tuesday after the oil services group said it needed to restate some of its earlier results due to errors in its accounts. TechnipFMC's main stock market listing is in New York, but it has a secondary listing in Paris. Those Paris- listed shares were down by 4 percent in early session trading.

  • *Customers are "tapping the brakes" in North America- call. "This tapping of the brakes is happening all over the place in North America." On Monday, Halliburton swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent.

  • July 24- Halliburton Co swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent. The company's revenue from North America surged 83 percent to $2.77 billion in the second quarter, due to increased demand for pumping and...

  • OIL DRILLERS CUT RIGS FOR SECOND WEEK SINCE JANUARY- BAKER HUGHES.

  • July 21- Russia's Eurasia Drilling Company Ltd said on Thursday it would sell a 51 percent stake in the company to the world's No. 1 oilfield services provider, U.S.-based Schlumberger NV. The agreement is subject to approval by the Federal Antimonopoly Service of Russia, the company said. http://bit.ly/2uf0YgD. Schlumberger's attempt to buy a 45.65 percent...

  • SHARARA OIL FIELD, Libya, July 20- When the head of Libya's state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people. Libya's National Oil Corporation raised output to more than one million barrels per day at the end of June for the first time...

  • SHARARA OIL FIELD, Libya, July 20- When the head of Libya's state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people. Libya's National Oil Corporation raised output to more than one million barrels per day at the end of June for the first time...