Archives for 2016
Anadarko buying Gulf of Mexico assets for $2 billion
Anadarko Petroleum is planning to snap up offshore property in the Gulf of Mexico for $2 billion in a deal that doubles the company’s foothold in the Lucius deep-water field. The Woodlands-based oil explorer said...
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Market Currents: Few bullish signs from OPEC
Oil prices have reversed losses and are heading higher today, despite a bearish-tilted monthly OPEC report. The US dollar has pulled a U-turn, and weakness is encouraging crude higher once more. Hark, here are five...
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General Electric shutting East Houston manufacturing operations
GE did not immediately provide details on job losses, but the industrial giant confirmed it is transferring work from the East Houston complex where it primarily manufactures power generators and gas turbines. About 600 people...
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Commentary: Are presidential hopefuls ignoring real issues of renewable fuels?
The debate over policy governing renewable fuel requirements has intensified recently. Powerful interest groups have ignited a divisive battle to influence policy-makers. When it comes to this year’s election, renewable fuels continue to be well-supported,...
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Oil extends drop as U.S. drillers return, OPEC sees more supply
Oil extended declines following the biggest drop in more than a month after U.S. producers increased drilling and OPEC boosted its estimate for rivals’ production next year. Futures slid as much as 2.5 percent in...
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