Archives for September 2016
Westmoreland Coal to cut 250 jobs, close Texas mine
Westmoreland informed the Texas Workforce Commission in a letter released Monday that it will cut the roughly 250 jobs in December and January. The 31-year-old mine for decades serviced NRG’s Limestone coal plant in Jewett,...
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TransCanada plans to absorb Columbia Pipeline Partners for $850 million
The offer isn’t surprising considering that TransCanada bought the Columbia Pipeline Group parent company for more than $10 billion earlier this year. Columbia Pipeline Partners is a master limited partnership that went public in early...
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Market Currents: More problems for Nigerian oil production
As OPEC members finally (finally!) gather in Algiers, market movement is set to be dictated by every word, facial expression and gesticulation – the like of which has not been seen since Janet Yellen in...
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Effects of pipeline leak still affect nation’s gas prices
Average gasoline prices in Houston and Texas fell by more than 1 cent even as pipeline disruptions sent costs soaring throughout much of the Southeast. The average cost of a gallon of regular unleaded gasoline...
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Rig count sees small gain amid double whammy for oil
The amount of rigs in the U.S. drilling for oil jumped slightly by two this week in advance of bad new for oil prices on Friday. The double whammy for oil prices included Saudi Arabia...
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