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Oil and Gas Energy Equipment and Services

  • ISTANBUL, July 11- The U.S. shale drilling boom is likely to ease next year as demand on the industry's service sector is unsustainable, Halliburton's business development head said on Tuesday. The number of rigs drilling for oil in the United States rose to 763 last week, the highest in more than two years, showing that despite oil trading below $50 a barrel, shale...

  • HOUSTON, July 7- Venezuelan crude exports to the United States fell to 491,340 barrels per day in June, the lowest monthly level since early 2003, because of fewer sales by state-run PDVSA to its unit Citgo Petroleum, according to Thomson Reuters Trade Flows data. Venezuela's crude production has sharply decreased since 2012 amid a lack of investment and...

  • *Japan is Saudi Arabia's biggest market for crude. TOKYO, July 7- Japan said on Friday that it was preparing to raise the crude oil storage capacity that it lends for free to Saudi Aramco by 30 percent from this summer. Japan is Saudi Arabia's biggest market for crude, but oil stored at the site on the southern islands of Okinawa has also been supplied to South Korea and...

  • July 5- Halliburton Co said on Wednesday it has acquired oilfield equipment supplier Summit ESP Inc, a move that helps the third largest oilfield services company by revenue enhance its presence in the artificial lift business. Tulsa, Oklahoma- based Summit ESP, which is backed by Oklahoma energy and banking billionaire George Kaiser, makes electric...

  • July 5- Oilfield services provider Halliburton Co said on Wednesday it would buy oilfield equipment supplier Summit ESP Inc, which is backed by Oklahoma energy and banking billionaire George Kaiser. Tulsa, Oklahoma- based Summit ESP makes pumps used to maintain well pressure to increase oil and gas production in aging wells. The company has expanded quickly in...

  • OIL PRICES HIT SESSION HIGHS AFTER BAKER HUGHES DATA SHOWS OIL DRILLERS CUT RIGS FOR FIRST WEEK SINCE JANUARY.

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

  • LONDON, June 30- U.S. shale firms are drilling themselves into a deep hole despite warnings from industry leaders about the risk of flooding the market with too much crude. Current oil prices are not sustainable according to Harold Hamm, the chief executive of Continental Resources, said in an interview on June 28. Prices need to be above $50 per barrel to be...

  • LONDON, June 30- U.S. shale firms are drilling themselves into a deep hole despite warnings from industry leaders about the risk of flooding the market with too much crude. Current oil prices are not sustainable according to Harold Hamm, the chief executive of Continental Resources, said in an interview on June 28. Prices need to be above $50 per barrel to be...

  • Exports to Asia at 1.28 mln bpd, Europe to take 580,000 bpd. TOKYO, June 30- Iran's crude oil exports in July are set to fall 7 percent from this month's three-month high, mainly due to a decline in exports to Europe, a person with knowledge of the Middle Eastern country's tanker loading schedule said. Total crude exports for July will be 1.86 million bpd, up 2 percent on a...

  • HOUSTON, June 28- Halliburton Co is in late-stage talks to acquire a fast-growing U.S. oilfield equipment supplier backed by Oklahoma energy and banking billionaire George Kaiser, according to sources familiar with the matter. Houston- based Halliburton has set its sights on Summit ESP Inc, said the sources, who spoke in recent days. Tulsa, Oklahoma- based Summit...

  • COPENHAGEN, June 27- Shipping giant A.P. The attack came as computer servers across Europe and in India were hit by a major ransomware attack. The company handles around 25 percent of all containers shipped on the key Asia- Europe route.

  • COPENHAGEN, June 27- Shipping giant A.P. The attack came as computer servers across Europe and in India were hit by a major ransomware attack. The company handles around 25 percent of all containers shipped on the key Asia- Europe route.

  • THUNDER HORSE OIL PLATFORM, Gulf of Mexico, June 27- A bout 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year. This is just one of the four Gulf of Mexico platforms on which BP has staked its future in U.S. oil production.

  • THUNDER HORSE OIL PLATFORM, Gulf of Mexico, June 27- A bout 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year. This is just one of the four Gulf of Mexico platforms on which BP has staked its future in U.S. oil production.

  • Entergy CEO: Leaving Paris accord doesn't change much

    Jim Cramer sat down with Leo Denault, the chairman and CEO of Entergy, to get his take on the president's climate policy.

  • Entergy CEO says Trump leaving Paris accord does not change much

    Jim Cramer sat down with Leo Denault, the chairman and CEO of Entergy, to get his take on the president's climate policy.

  • Leo Denault, Chairman and Chief Executive Officer of Entergy Corporation is featured on Mad Money with Jim Cramer. June 10, 2016.

    Jim Cramer sat down with Leo Denault, the chairman and CEO of Entergy, to get his take on the president's climate policy.

  • *Projects include Gulf of Mexico, Argentine shale gas. Instead, chief executive Patrick Pouyanne told Reuters he can find an edge over rivals by going after cheaper reserves elsewhere, including from shale in Argentina and deepwater wells in the Gulf of Mexico, as well as through new gas technology. "Shale oil is too expensive," said Pouyanne, who has clinched...

  • NEW YORK, June 16- Cash, people and equipment are pouring into the prolific Permian shale basin in Texas as business booms in the largest U.S. oilfield. Eight prominent hedge funds have reduced the size of their positions in ten of the top shale firms by over $400 million, concerned producers are pumping oil so fast they will undo the nascent recovery in the industry...