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Oil report Headlines

Investors eye signs of improvement in U.S. energy earnings

NEW YORK, July 27 Investors reeling from several quarters of declines from U.S. energy companies are optimistic that a recent oil rebound may help boost results of exploration and production companies reporting in the coming days.

Judge moves to end Sabine Oil's bitter bankruptcy

WILMINGTON, Del., July 27 A U.S. Bankruptcy judge said on Wednesday she would approve Sabine Oil & Gas Corp's plan of reorganization, which would clear the way for the Texas energy producer to exit Chapter 11 after a year-long battle with its creditors.

UPDATE 1-Hess seeks over $40 mln from Schlumberger in valve dispute

HOUSTON, July 27 Hess Corp said on Wednesday it was pursuing legal action against Schlumberger NV for $40 million or more, claiming the oilfield service provider supplied a defective valve for a U.S. Gulf of Mexico oilfield that shuttered three wells and crimped production.

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