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Oil and Gas Energy Equipment and Services

  • WASHINGTON, Oct 23- U.S. industries that rarely agree- gas drillers and renewable energy producers- urged a federal agency on Monday to dump a government directive to prop up ageing nuclear and coal plants, saying the electricity grid was already reliable. A group of 20 organizations including the Independent Petroleum Association of America and the Solar...

  • Oct 23- Oilfield services giant Halliburton Co on Monday warned of slower growth at its oil well drilling and evaluation business, reflecting a steady drop in rig counts in the United States. The outlook suggests Halliburton's current-quarter might not be as strong as its latest quarter, echoing warnings on Friday from its two bigger rivals, Schlumberger NV...

  • Oct 23- Oilfield services provider Halliburton Co on Monday reported a third-quarter profit that topped analysts' estimates, driven by better pricing and increased activity in North America, its biggest market. Halliburton said revenue from North America surged 91 percent to $3.16 billion in the three months ended Sept. 30, due to a "strengthening of market...

  • Oct 23- Halliburton Co reported a rise in third-quarter profit as the oilfield services company benefited from strong drilling activity in North America, its biggest geography by sales. Net profit attributable to Halliburton rose to $365 million, or 42 cents per share, in the three months ended Sept. 30, from $6 million, or 1 cent per share, a year earlier.

  • HOUSTON, Oct 20- Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader. Shipping delays and quality concerns also are jeopardizing the OPEC- member country's crude sales,...

  • Oct 20- Schlumberger Ltd and Baker Hughes, the world's top two oilfield services firms, warned on Friday of a slowdown in North America and a challenging year ahead as crude oil prices stay volatile. Schlumberger said investments in North America were moderating as energy companies increasingly shied away from chasing higher production at the cost of...

  • Net profit attributable to Houston- based Schlumberger company rose to $545 million, or 39 cents per share, in the quarter ended Sept. 30, from $176 million, or 13 cents per share, last year. The company's revenue rose to $7.91 billion from $7.02 billion in the same quarter last year. Schlumberger shares were slightly higher at $64.60 in premarket trading on Friday,...

  • Oct 20- Schlumberger Ltd posted a bigger quarterly profit on Friday, as its North American business continues to be helped by strong shale drilling. Net profit attributable to the Houston- based oilfield services company rose to $545 million, or 39 cents per share, for the third quarter ended Sept. 30, from $176 million, or 13 cents per share, last year.

  • QUITO, Oct 19- Ecuador's state oil company Petroamazonas said it will issue some $350 million in bonds to repay part of its debts with oil services company Schlumberger as part of a wider deal that also includes other payment decisions. The company owes Schlumberger some $850 million. In November we will issue bonds for $350 million, " Alex Galarraga,...

  • Oct 19- Oilfield services giant Schlumberger Ltd sealed a deal to buy oil and gas assets worth $1 billion from Cenovus Energy on Thursday, raising further concerns about its strategy to own more refining and drilling operations directly. For Calgary, Alberta- based Cenovus, the sale is the latest in its plan to offload assets as it pays down debt, including loans it...

  • LONDON, Oct 19- Crude oil flows through the Iraqi Kurdish pipeline to the Turkish port of Ceyhan were fluctuating close to 200,000 barrels per day on Thursday afternoon, a local shipping source said. The level is slightly lower than the overnight and morning rate. The source said the hourly rate was between 8,000 and 9,000 barrels.

  • CARACAS/ HOUSTON, Oct 18- Venezuela's state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for discounts, according to internal PDVSA documents and interviews with a dozen oil executives, workers, traders and inspectors.

  • LONDON, Oct 18- Crude oil flows through the Kurdish pipeline to the Turkish port of Ceyhan have dropped sharply to around 225,000 barrels per day, a shipping source said on Wednesday without providing the reason. On Tuesday Iraqi forces took control of the Bai Hasan and Avana oilfields northwest of Kirkuk, after Kurdish Peshmerga fighters pulled out from the...

  • SEOUL, Oct 18- South Korea said on Wednesday that its plan to ease blending restrictions at oil storage terminals would come into effect on Thursday, as the government continues its push to boost international oil trading in the country. Previously, international oil traders with storage tanks in South Korea were only allowed to mix oil products in bonded areas...

  • SEOUL, Oct 18- South Korea said on Wednesday that its plan to ease blending restrictions at oil storage terminals will come into effect on Thursday, as the government continues its push to boost international oil trading in the country. The energy ministry said in a statement that the move would help expand the country's oil trading business and transform its...

  • 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.