Archives for 2016
Feds putting $2 billion behind Louisiana methanol plant with carbon capture
WASHINGTON – A wave of federally-funded carbon dioxide is headed to Texas oil fields. The Obama administration is the principal investor in a $3.8 billion methanol plant in Lake Charles, La. that will separate carbon...
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KLR to buy Tema Oil and Gas, take company public
West Texas’ popular Delaware Basin is about to get busier. The investment bank KLR Group is buying the Houston-based Tema Oil and Gas Company, taking the company public and changing its name, KLR and Tema...
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National Oilwell Varco completes purchase of Fjords Processing
Oil and gas drilling equipment manufacturer National Oilwell Varco has completed its purchase of a Norwegian processing systems supplier. Oslo, Norway-based Fjords Processing has been sold to National Oilwell Varco, according to Akastor ASA, Fjords’ former...
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A bit of rosy news for offshore drillers: Atwood adds contract
A bright spot in offshore drilling this week, albeit a small one: Houston’s troubled Atwood Oceanics has nailed down an additional contract to drill a well off the coast of Australia. The Australian exploration and...
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Praxair to Buy Linde for $35 Billion in Industrial-Gas Deal
Praxair Inc. agreed to buy Linde AG for about 33.9 billion euros ($35.1 billion) to create the world’s largest supplier of industrial gases, three months after a previous attempt failed on concern over job losses...
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