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Oil and Gas Energy Equipment and Services

  • Oct 16- Ocean Rig UDW's top investor Elliott Management on Monday urged the offshore driller to hire advisers to review opportunities including possible strategic deals. Elliott said it planned to rope in Ocean Rig's second-biggest investor, BlueMountain Capital, in the efforts. The activist hedge fund disclosed a 20.4 stake in the company earlier this...

  • Oct 16- Ocean Rig UDW's top investor Elliott Management on Monday urged the offshore driller to hire advisers to review "opportunities" including possible strategic deals. Elliott disclosed a 20.4 stake in the company earlier this month after it completed restructuring in September. Ocean Rig filed for Chapter 15 bankruptcy protection in a U.S. court in March,...

  • *Traders send more U.S. crude to Asia on wide WTI-Brent spread. SINGAPORE/ NEW YORK, Oct 16- Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit U.S. demand for the commodity at a time of rising production in the country. As many as 11 tankers, partly or fully laden...

  • *Traders send more U.S. crude to Asia on wide WTI-Brent spread. SINGAPORE/ NEW YORK, Oct 16- Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit U.S. demand for the commodity at a time of rising production in the country. As many as 11 tankers, partly or fully laden...

  • LAUNCESTON, Australia, Oct 16- China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supercharged demand in the world's second-biggest economy. China's crude imports jumped to 37 million tonnes in September, equivalent to 9 million barrels per day, according to preliminary customs data released on Oct. 13.

  • LONDON, Oct 13- The world's top trading houses, among the most nimble entities in oil, say even they aren't sure how to stay a step ahead of a coming cut in shipping fuel sulphur. "I don't know if it's going to provide opportunity or disaster at the moment, to be honest," Vitol boss Ian Taylor told the Reuters Global Commodity Summit. Nearly a year after the International...

  • LONDON, Oct 13- The world's top trading houses, among the most nimble entities in oil, say even they aren't sure how to stay a step ahead of a coming cut in shipping fuel sulfur. "I don't know if it's going to provide opportunity or disaster at the moment, to be honest," Vitol boss Ian Taylor told the Reuters Global Commodity Summit. Nearly a year after the International...

  • BEIJING, Oct 12- China has bought a rare cargo of liquefied natural gas from Norway, Reuters shipping data shows, the latest sign that the world's second-largest economy has rushed to increase spot purchases to ensure fuel supplies ahead of the coming winter. Trade flow data on Thomson Reuters Eikon shows LNG tanker Grace Cosmos, with a cargo of 143,625 cubic...

  • The recent rise in Libyan production has complicated an OPEC- led push to cut global production and bolster oil prices, from which Libya is exempt. Sanalla said Libya had explained its production challenges to OPEC and non- OPEC producers in the past few months. "Our colleagues in OPEC and non- OPEC understand the situation, theres uncertainty in Libya...

  • LONDON, Oct 11- Libya's National Oil Corporation is mobilising key stakeholders to protect its output, which it said has been curtailed by it only receiving 25 percent of its 2017 budget. The recent rise in Libyan production has complicated an OPEC- led push to cut global production and bolster oil prices, from which Libya is exempt. Sanalla said Libya had...

  • LONDON, Oct 11- Libya's National Oil Corporation has only received 25 percent of its budget for 2017, holding back its production plans, NOC Chairman Mustafa Sanalla said on Wednesday. The recent rise in Libyan production has complicated an OPEC- led push to cut global production and bolster oil prices, from which Libya is exempt. Sanalla said Libya had explained...

  • 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...

  • 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...