Archives for July 2016
Energy ‘death list’ proves prescient
Warren also represented another target on a so-called “oil company death list” published in early 2015 by the Baltimore-based Oxford Club investors’ network. Out of the list of 19 companies with allegedly “toxic” debt-to-equity ratios,...
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Drillers put 10 oil rigs back to work this week
HOUSTON – U.S. drillers dispatched 10 more oil rigs back to the field this past week, bringing the nation’s overall rig count to its highest point in four months, Baker Hughes data showed Friday. The...
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Drilling ramp up could get snagged on labor problems
HOUSTON – Oil markets may have pulled out of the worst price collapse in decades, but it could still take years for U.S. shale drillers to fully rebuild the energy workforce after deep payroll cuts....
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Market Currents: Nigeria oil exports continue apace
Crude is lacking conviction to finish the week – being pushed and prodded around: caught in the undertow of rising equity markets, but being held in check by a firming dollar. Hark, here are five...
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Fed: Texas cut 35,000 energy jobs in 2016 through April, but outlook improving
HOUSTON – The latest available data shows Texas energy companies cut 35,000 jobs this year through April, but the industry’s outlook is improving, the Dallas Fed says. “Market participants seemed reassured by global inventory build-ups...
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