Archives for 2016
Trial opens in 2012 offshore fire, explosion on Black Elk platform
NEW ORLEANS — Jury selection began Monday for what is expected to be a lengthy and complex trial arising from lawsuits over an offshore oil platform explosion and fire that killed three workers off Louisiana’s...
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Market Currents: Five things to consider in energy markets today
In honor of Brian Wilson’s 74th birthday, the oil market is picking up some good vibrations to start the week. As Brexit fears abate and risk-on returns, crude is propelled higher by a weaker dollar....
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Gasoline prices dip noticeably for 1st time in months
The average cost of a gallon of regular unleaded gasoline fell from last week by about 2 cents in the Houston region down to $2.11, and by 5 cents nationwide to $2.33, according to GasBuddy,...
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Marathon to snap up Oklahoma driller for $888 million
Click through the gallery above to see how Marathon ranks among Houston’s biggest companies. HOUSTON – Marathon Oil Corp. said it will buy a private equity-backed driller for $888 million, increasing its footprint in...
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Oil bust leaves Texas, other states with massive well cleanup
BIGFOOT, Texas — The worst oil bust since the 1980s is putting Texas and other oil producing states on the hook for thousands of newly abandoned drilling sites at a time when they have little...
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