Archives for October 2016
Halliburton reports tiny profit as the oil bust begins to fizzle out
Oilfield services giant Halliburton on Wednesday reported a small profit and a stable workforce for the first time this year as the nearly two-year oil bust begins to fade. The Houston company said it earned...
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Market Currents: India’s growing significance
It is a quiet day in the oil market today, with a wee bit of movement in the dollar offsetting the ongoing helium-like influence of OPEC. We get another set of weekly EIA inventory data...
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U.S. shale plays see slowest production decline in over a year, EIA says
The steep slide in oil production across major U.S. shale plays is moderating as drillers send more machines back into the oil patch, the Energy Information Administration says. In a report this week, the EIA...
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Brace yourself: 3rd-quarter results are about to be released
Energy companies begin to release their third-quarter earnings this week after a brutal second quarter of falling revenues, deep losses and thousands of layoffs. At the time, executives said, said those dismal reports represented that bottom...
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Oasis Petroleum launches stock sale to finance acquisition
Oasis Petroleum Inc. is banking on the proceeds from millions of shares of common stock to fund part of its planned acquisition of another company’s Bakken Shale assets. The Houston-based exploration and production company has...
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