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Oil and Gas Energy Equipment and Services

  • LONDON, June 8- The escalating diplomatic conflict between Qatar and several of its Middle East neighbours has roiled the liquefied natural gas trade, causing at least one tanker to change course and UK gas prices to spike. Saudi Arabia, the United Arab Emirates, Egypt and others this week severed diplomatic and transport links with Qatar, the world's biggest LNG...

  • LONDON, June 8- Royal Dutch Shell has sent a replacement cargo of liquefied natural gas from the United States to Dubai, shipping data shows, after a diplomatic row disrupted typical trade routes from Qatar, the world's biggest producer. Shell has a deal to supply the Dubai Supply Authority with LNG which it typically sources from Qatar because of its proximity.

  • LONDON, June 8- Royal Dutch Shell has sent a replacement cargo of liquefied natural gas from the United States to Dubai, shipping data shows, after a diplomatic row disrupted typical trade routes from Qatar. Shell has a deal to supply the Dubai Supply Authority with LNG which it typically sources from Qatar because of its proximity. The Maran Gas Amphipolis tanker,...

  • SINGAPORE, June 8- Abu Dhabi Petroleum Ports Authority has re-imposed a ban on oil tankers linked to Qatar calling at ports in the United Arab Emirates, reversing an earlier decision to ease restrictions, and potentially creating a logjam of crude cargoes. It states: "Denial of entry into any of the Petroleum Ports, for all vessels arriving from, or destined to Qatar,...

  • SINGAPORE, June 8- Abu Dhabi Petroleum Ports Authority will deny entry to any ships carrying cargoes going to or from Qatar, two shipping circulars seen by Reuters on Thursday showed. The new circulars, which were issued late on Wednesday, re-introduced the ban on ships travelling from or destined to arrive in Qatar, after the authorities had eased restrictions...

  • SINGAPORE/ DUBAI, June 7- Abu Dhabi petroleum port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non- Qatar owned, flagged or operated vessels...

  • SINGAPORE/ DUBAI, June 7- Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non- Qatar owned, flagged or operated vessels sailing to...

  • SINGAPORE/ DUBAI, June 7- Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non- Qatar owned, flagged or operated vessels sailing to...

  • SINGAPORE/ DUBAI, June 7- Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, two shipping circulars seen by Reuters on Wednesday showed. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non- Qatar owned, flagged or operated vessels sailing to and from Qatar.

  • QATARI CRUDE OIL CONTINUES TO CO-LOAD WITH UAE GRADES- SHIPPING DATA.

  • MOSCOW, June 2- Saudi Arabia will consider investing in Russian company Eurasia Drilling, the TASS news agency cited Saudi Energy Minister Khalid al-Falih as saying on Friday. Eurasia Drilling is Russia's largest oilfield services company by meters drilled. The minister was speaking at an economic forum in St Petersburg.

  • LONDON, June 1- U.S. oil production continues to rise relentlessly, frustrating efforts by OPEC and non- OPEC oil exporters to rebalance the global market and secure an increase in the price of crude. Most of the extra output between September and March came from oilfields in the Gulf of Mexico, where production increased by 257,000 bpd, and Alaska, where output was...

  • QUITO, May 31- Ecuador wants to negotiate a payment plan with oil service companies owed over $2 billion, and talks with main creditor Schlumberger are expected in coming days, its new oil minister told Reuters on Wednesday. Ecuador's economy has struggled since the 2014 collapse of oil prices and a devastating earthquake last year that killed 670 people and...

  • LONDON, May 31- U.S. exploration and production companies have hired an extra 400 rigs to target oil-bearing formations since the end of May 2016, according to oilfield services company Baker Hughes. The active rig count is likely to peak in June or July unless the price of benchmark West Texas Intermediate crude starts rising again above $50 per barrel.

  • NAIROBI, May 30- Fuel shortages have paralysed the small central African nation of Burundi, threatening further damage to an economy already moribund after years of political violence and raising questions about the role of the country's only oil importer. The problem has damaged two big foreign investors, Kenya's KenolKobil and South Africa's Engen, a...

  • NAIROBI, May 30- Fuel shortages have paralyzed the small central African nation of Burundi, threatening further damage to an economy already moribund after years of political violence and raising questions about the role of the country's only oil importer. The problem has damaged two big foreign investors, Kenya's KenolKobil and South Africa's Engen, a...

  • LONDON, May 30- Companies supplying miners with equipment and services have performed better than their oil sector peers, buoyed by spending on new technology and expectations the demand outlook for other minerals is more bullish than for fuel. "For most of the markets that the European oil services companies serve, it's almost arithmetically impossible for...

  • NEW YORK, May 25- Oil traders and analysts are expecting large volumes of crude to draw from storage tanks across the United States in coming weeks, in what would be the most tangible sign of an inventory overhang reduction that has punished prices over the last two years. Supplies have remained stubbornly high for months, disappointing traders who were...

  • HOUSTON, May 25- U.S. oil services companies have been doing a lot more work as recovering oil prices have lifted the shale industry from a two-year slump, but producers have been pocketing much of the new cash generated by rising output and squeezing service providers to keep costs down. Law firm Haynes and Boone LLP said the U.S. oilfield sector experienced 127...

  • LONDON, May 25- U.S. freight movements have started increasing again, which should help boost consumption of distillate fuel oil in 2017 and 2018.. Freight movements hit a new record in February, before slipping slightly in March, according to the U.S. Bureau of Transportation Statistics. The ratio of business inventories to sales climbed from 1.28 in January...