Archives for August 2016
How will the next president handle energy and climate change?
There’s been little room for energy policy in the presidential campaigns so far – with the economy and immigration consuming most of the oxygen on the trail. But in five months, the country will inaugurate...
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Beyond a bear market: Analysts see $57 crude in 2017
Oil closed in a bear market Monday, but don’t abandon hope. Analysts are looking beyond the current slide to next year for a rebound. Crude has plunged by more than a fifth in...
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Maersk Drilling to cut another 120 jobs after Gulf rig contract canceled
Another high-tech drilling rig has lost its contract work in the deep-water Gulf of Mexico more than a year before its agreement expired. Danish rig contractor Maersk Drilling says it’s planning to shed 120 more...
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Texas suing EPA over methane crackdown
Texas Attorney General Ken Paxton is suing the U.S. Environmental Protection Agency to block a rule cracking down on methane emissions from oil and gas operations. In a suit filed in the D.C. Circuit Court...
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Oil settles above $40 a barrel after falling below threshold in intraday trading
Oil dropped below $40 a barrel in New York for first time since April, before recovering to settle just above the key threshhold. Futures extended their rout after tumbling 14 percent in July. Saudi Arabia...
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