Edition:
United Kingdom

Liz Hampton

Halliburton forecasts lower fourth-quarter profit, shares fall

22 Oct 2018

Shares of oilfield services provider Halliburton Co fell on Monday after the company warned that fourth-quarter earnings would come in below analysts forecasts amid ongoing weakness in the North American hydraulic fracturing market.

Schlumberger reports slight profit beat, warns of sluggish U.S. growth

19 Oct 2018

Schlumberger NV , the world's largest oilfield services provider, reported a slight profit beat on Friday but cautioned that North American growth would slow due to transportation bottlenecks and hurt results next quarter.

RPT-U.S. oil service firms face tough quarter despite high crude prices

17 Oct 2018

HOUSTON, Oct 17 Even as crude prices hover near four-year highs, U.S. oilfield service firms' third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending.

U.S. oil service firms face tough quarter despite high crude prices

17 Oct 2018

HOUSTON Even as crude prices hover near four-year highs, U.S. oilfield service firms' third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending.

Regulator ties pipeline work to deadly Massachusetts gas explosion

12 Oct 2018

HOUSTON A NiSource Inc affiliate failed to require contract repair crews to relocate pressure sensors during natural-gas pipeline work, the National Transportation Safety Board (NTSB) said on Thursday, resulting in overpressured lines that caused explosions and fires in three Massachusetts communities last month.

UPDATE 1-Regulator ties pipeline work to deadly Massachusetts gas explosion

11 Oct 2018

HOUSTON, Oct 11 A NiSource Inc affiliate failed to require contract repair crews to relocate pressure sensors during natural-gas pipeline work, the National Transportation Safety Board (NTSB) said on Thursday, resulting in overpressured lines that caused explosions and fires in three Massachusetts communities last month.

EOG warns oil and gas hedges will hurt third-quarter results

09 Oct 2018

HOUSTON U.S. shale oil producer EOG Resources on Tuesday warned of a non-cash loss of $52.1 million in the third quarter on commodity derivative contracts in a filing with the U.S. Securities and Exchange Commission.

EOG warns oil and gas hedges will hurt third-quarter results

09 Oct 2018

HOUSTON, Oct 9 U.S. shale oil producer EOG Resources on Tuesday warned of a non-cash loss of $52.1 million in the third quarter on commodity derivative contracts in a filing with the U.S. Securities and Exchange Commission.

Gulf of Mexico offshore platforms evacuated ahead of hurricane

09 Oct 2018

HOUSTON Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 13 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. Gulf.

UPDATE 7-Gulf of Mexico offshore platforms evacuated ahead of hurricane

08 Oct 2018

HOUSTON, Oct 8 Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 13 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. Gulf.

World News

'Savage' Khashoggi killing was planned - Erdogan

Turkish President Tayyip Erdogan said on Tuesday there were strong signs Jamal Khashoggi's "savage" killing was planned and attempts to blame it on intelligence operatives - Riyadh has suggested it was a rogue operation -- "will not satisfy us".