Archives for October 2016
Valero’s profit falls by more than half in third quarter
By Rye Druzin, San Antonio Express-News Valero Energy Corp.’s third quarter earnings slid 56 percent, but still beat analysts’ projections as oil prices started to stabilize. Valero Chief Executive Officer Joe Gorder called the third-quarter a...
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Houston’s Key Energy files for bankruptcy
The Houston-based oil company Key Energy Services filed for chapter 11 protection on Monday after working for months to nail down a bankruptcy plan its creditors would support. Key said in the filing it had...
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Market Currents: Venezuelan struggles seen in their oil exports
Another week kicks off with oil under the influence of OPEC and producer rhetoric. As prices totter around psychological support at $50/bbl, hark, here are five things to consider in oil markets today: 1) Venezuelan...
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Jacobs completes global headquarters move to Dallas
Jacobs is expanding its Texas footprint as it focuses largely on engineering and construction projects in the energy and petrochemical sectors. Jacobs also has big aerospace and government contracting segments. The new headquarters is in...
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Apache’s plans in West Texas draw attention of environmental groups
Officials from Earthworks, a nonprofit advocacy group mobilizing Balmorhea-area residents to protect the region’s natural resources, plan to speak at a community meeting Nov. 5. The Washington, D.C.-based group has met at least three times...
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