Archives for 2016
OPEC blinks. What will it mean for U.S. shale drillers?
OPEC finally blinked in its two-year price war with U.S. oil producers. Whether that translates into a financial victory for the American shale industry remains to be seen. Oil prices and the shares of U.S....
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Cheniere moves to simplify corporate structure
Cheniere Energy Inc. offered to buy the 20 percent of Cheniere Energy Partners LP Holdings LLC it doesn’t already own in a stock-for-stock exchange valued at $21.90 a share in a deal that simplifies its corporate...
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Noble Energy warns workers of layoffs to come
Noble Energy has warned employees that it’s planning additional job cuts as part of efforts to “streamline” exploration and focus on its highest-performing oilfields. The company declined to disclose how many employees would lose jobs...
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OPEC deal: ‘Good news for U.S. producers, Houston economy’
The move took many by surprise. OPEC members agreed Wednesday to a preliminary deal that will cut the cartel’s oil production for the first time in eight years, boosting hopes in Houston that crude prices...
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Skepticism aside, OPEC production cuts have worked before
OPEC has agreed to cut oil production three times over the past two decades in response to precipitous drops in oil prices. Each time, the Organization of the Petroleum Exporting Countries was successful in curtailing...
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