Archives for 2016
U.S. rig count down one this week, first decline in two months
The number of oil rigs in U.S. fields fell by one this week, the first overall decline in two months, the Houston oilfield services company Baker Hughes reported Friday. At the same time, U.S. oil...
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Market Currents: Is Iran overstating its oil production?
Happy Friday! What a tumultuous week it has been (the first day seemed like a week, and the second day seemed like five days). The trifecta of monthly reports from EIA, IEA and OPEC this...
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Federal judge allows kids’ climate suit against U.S. government to continue
A lawsuit brought by a group of teenagers claiming the U.S. government has failed to adequately address climate change can move forward, an Oregon federal judge ruled Thursday. The federal government, along with trade groups...
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Dril-Quip completes acquisition of TIW
Offshore drilling equipment manufacturer Dril-Quip, Inc., has finished its purchase of TIW Corp. The acquisition was first announced in October with a price tag of $143 million. TIW Corp. was a 100-year-old company based in...
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Exxon VP calls climate change “serious risk” in Tweet
Two days after Donald Trump won the White House, Exxon Mobil vice president Suzanne McCarron made clear the oil giant’s position on climate change. In a tweet Thursday morning, she wrote, “The Paris agreement is...
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