Archives for 2016
Oil producers boost rig count for 2nd week
Oil companies dispatched another three drilling rigs this week to fetch crude under the North Dakota’s Bakken Shale and other oily regions across the United States, Baker Hughes said Friday. Source: FuelFix
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Is $100 oil on the horizon?
Oil investors are buying contracts that will only pay out if crude rises well above $100 a barrel over the next four years — a clear sign some believe today’s bust is sowing the seeds...
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Westlake Chemical to buy Axiall for $2.3B to end proxy battle
The roughly $2.3 billion deal, or $3.8 billion including the acquisition of debt, is a big increase from the previous $1.6 billion bid. Westlake President and CEO Albert Chao had long coveted the Atlanta-based petrochemical...
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Nigerian militants claim blast of another oil pipeline
WARRI, Nigeria — Nigerian militants say they have blown up another crude pipeline owned by Italian oil company Agip. The Niger Delta Avengers announced the early-morning blast in Bayelsa state in a tweet Friday. The...
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With clean power plan stayed, congressional leaders offer states conflicting advice
The Obama administration’s plan to slash carbon emissions from the power sector might be stayed in the federal courts, but that doesn’t done anything to quiet debate in Congress. With the so-named Clean Power Plan...
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