Archives for 2016
BHP suggests worst is over after posting record loss
BHP Billiton Ltd., the world’s biggest mining company, suggested that it’s emerging from the worst commodities price collapse in a generation with renewed impetus after reporting a record full-year loss. “There is some sense that...
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KBR buys Honeywell governmental business HTSI
KBR said Monday it’s buying Honeywell’s Maryland-based governmental services business, Honeywell Technology Solutions Inc., called HTSI. The move comes shortly after KBR bought another government contractor, Virginia-based Wyle, for $570 million in May. Source: FuelFix
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Reporter’s notebook: Natural gas still fuels hope in energy industry
The energy sector remains in the tank with much of the focus on low oil prices, but one segment that’s holding up better is the natural gas pipeline industry. A new Moody’s Investors Service report...
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Market Currents: Middle East producers ramp up oil exports
Oil is carrying on where it left off last week, rallying higher on the low likelihood event of a production freeze by key global producers. As rumors and murmurs lifted prices last week by the...
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Oil rises on possibility of OPEC production freeze
Oil extended gains in New York after closing at the highest level in three weeks amid speculation that crude producers will revive talks to stabilize prices. Futures gained more than 1.5 percent. Prices climbed 6.4...
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