Archives for February 2017
CB&I posts losses, sells subsidiary to manage debt
CB&I, the Netherlands-based contractor that operates in The Woodlands, reported losses to its fourth quarter and full year earnings after financing the completion of several projects, the company said in a news release Tuesday. The...
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Linn Energy emerges from bankruptcy as two private corporations
One of the largest businesses to fall into bankruptcy during the oil bust, Houston’s Linn Energy emerged from bankruptcy Tuesday as two separate private companies. Linn said it exited its bankruptcy restructuring with plans to...
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Shell to develop 40,000 barrel per day Kaikias in Gulf
Royal Dutch Shell on Tuesday announced the company has approved production of a new project in the Gulf of Mexico. Shell Offshore, a subsidiary of the Dutch giant, and a partner have taken final investment...
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Market Currents: More signs of rising OPEC output
Crude is easing lower on this last day of February, as other sources are endorsing what we said last week – that OPEC production and exports are on the rise. As gasoline weakness leads the complex...
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NRG cuts losses, but depressed power prices weigh on revenue
Houston-based NRG Energy narrowed its losses in 2016, but low natural gas and power prices pushed down revenue. On Tuesday, the company reported a fourth-quarter loss of $1.1 billion, compared with a loss of $6.4 billion...
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