Archives for August 2016
Oil’s ‘hottest ZIP codes’ see bids soar on SM deal
SM Energy Co.’s $980 million purchase of drilling rights in the biggest U.S. crude field indicates producers are willing to pay a premium for access to one of the few spots where oil exploration still...
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Market Currents: Chinese oil imports slowing
As renewed rumors and murmurs rise up of another OPEC production freeze meeting, it is having the desired effect that certain OPEC members would want: oil is rallying like a mad thing. After short positions...
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Electric plants gobble natural gas at record pace
Natural gas is having a record summer. Oil and gas producers are pulling more out of U.S. wells than they have in decades, and U.S power plants are using even more than is produced. RELATED: Houston...
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Exterran Corp. sells Italian assets amid internal investigation
Exterran isn’t releasing the details of the sale or the investigation, but the company said it’s selling its Belleli Energy Critical Processing Equipment business to Italy-based Walter Tosto. The business performs engineering and fabrication for...
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In wake of troubles, Williams CEO looks to future
Alan Armstrong survived a failed merger and a board revolt in July to remain the chief executive of the pipeline giant, the Williams Cos. Now, he’s back on top, working to keep the Williams name...
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