Archives for January 2017
Houston’s Green Bank exits energy lending
At least one Houston bank has firmly put the energy business behind it. Green Bank, a $3.9 billion lender in Houston, said it has cut its exposure to energy loans from 9.4 percent of its...
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Rig count jumps again
The number of oil and gas rigs in U.S. fields leaped again this week, up 18 on the week or about 160 over the past three months. This week’s count marks the ninth increase in...
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Market Currents: Oil and gas flows between the U.S. and Mexico
And crude continues to be more choppy than Chuck Norris fighting Hong Kong Phooey fighting Bruce Lee, selling off today after yesterday’s rally (after selling off on Wednesday after rallying on Tuesday…). Hark, here are...
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House Republicans ready bill to overturn methane rule
Congressional Republicans are not wasting any time going after former president Barack Obama’s climate change legacy. House Republicans are putting the final touches on legislation to overturn an Obama executive order limiting the amount of...
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Chevron: $500 million in 2016 losses, but “remarkable progress”
Chevron Corp., the first major U.S. oil company to report 2016 year-end earnings, posted losses of almost $500 million, its first annual loss since at least 1980. But the pain appears to be over: After...
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