Archives for June 2016
Nigerian militants blow up Chevron oil well
WARRI, Nigeria (AP) — Nigerian oil militants said they blew up another Chevron oil well Wednesday in a rejection of the government’s offer of peace talks. The bombing comes a day after the government ordered...
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Oil at $50: Time to drill, baby, drill?
Oil closed above $50 a barrel in New York for the first time in 10 months and U.S. production has fallen to the lowest in almost two years. Time to drill, baby, drill? Investors are...
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Texas consumers pay more in deregulated electricity markets, study says
The 85 percent of Texans in deregulated parts of the state also pay nearly 15 percent more than Lone Star residents in integrated utilities, such as San Antonio and Austin, although the gap has narrowed,...
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Shell will build Pennsylvania chemical plant, mum on Gulf Coast projects
Royal Dutch Shell said Tuesday it will build a multibillion-dollar petrochemical complex near Pittsburgh to make base chemicals and plastics from the natural gas produced within the Marcellus and Utica shale basins. But the project...
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Axiall surges as Lotte proposal raises prospect of bidding war
Axiall Corp. jumped the most in four months after South Korea’s Lotte Chemical Corp. said it made a takeover offer, raising the prospect of a bidding war with Houston-based Westlake Chemical Corp. for the U.S....
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