Archives for 2016
C&J Energy gets temporary reprieve on debt default, potential bankruptcy
The once rapidly growing oil field services company is exploring potential assets sales and restructuring as alternatives to filing for Chapter 11 protection. Source: FuelFix
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Market Currents: OPEC crude oil loadings ripping higher
Sixty-two years after Linus’ security blanket made its debut in the Peanuts comic strip, and the oil market is looking to tomorrow’s OPEC meeting to provide some comfort and price support (it is absent thus...
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Texas oil job losses expected to continue for months despite price rally
HOUSTON – Texas oil drillers have lost one in three jobs to the furious downturn in energy prices over the past two years, and mass layoffs could continue for months even though oil prices are...
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Dow Chemical completes full takeover of Dow Corning
Dow Corning had previously been equally owned by Dow Chemical and Corning Inc. It had revenue of more than $4.5 billion in 2015. The companies still maintain equal equity interests in Hemlock Semiconductor Group, a...
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Texas manufacturers post weakest month in a year
The production index, a key measure of state manufacturing conditions, fell from 5.8 all the way down to minus-13.1. An index below zero indicates a decline in activity, according to a monthly survey data from...
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