Archives for October 2016
GE talking partnerships with Baker Hughes as oil slump endures
General Electric Co. is holding discussions with Baker Hughes Inc. on potential partnerships that would bring together an industrial equipment behemoth with one of the oil industry’s largest service providers. The talks are ongoing but...
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Market Currents: OPEC oil exports hit record high last week
Wax on, wax off; oil prices are rallying after selling off for the last three days, egged on by yesterday’s supportive inventory report and and the ebb and flow of OPEC hope. Hark, here are...
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Profit surges for Valero’s pipeline subsidiary
By Rye Druzin, San Antonio Express-News Valero Energy Partners’ third-quarter profit surged 65.6 percent, exceeding Wall Street expectations. “We successfully integrated the operations of the Meraux and Three Rivers terminals into our system and remain...
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Exxon Mobil partners for new carbon capture pilot project
After Exxon and Connecticut-based FuelCell announced a partnership in May, they have now chosen Southern Company’s Barry power plant near Mobile, Alabama for its first pilot project. The 2.7 gigawatt plant generates power from both...
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ConocoPhillips loses $1 billion in third quarter
ConocoPhillips, the nation’s largest independent oil producer, is still losing money, but less than it did last year. Conoco, based in Houston, reported on Thursday a third-quarter net loss of $1 billion, or 84 cents...
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