Archives for February 2017
Rig count hops up 12; Permian Basin again drives rise
The number of oil and gas rigs in U.S. fields rose again this week, up 12 or about 170 over the past three months. This week’s count marks the fourth increase in a row, and...
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Market Currents: Changing dynamics of U.S. LNG, LPG and Oil
A supportive IEA monthly report has encouraged a Friday rally for black gold, Texas tea. As prices ping around in their current tight trading range, approaching resistance once again, hark, here are five things to...
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Calpine’s earnings down 60 percent from 2015
Houston-based Calpine Corp.’reported Friday that profits fell sharply last year as low prices squeezed margins and the company grappled with higher taxes. The power company reported profits of $92 million for 2016, down 60 percent...
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Charif Souki takes Tellurian LNG company public
Cheniere Energy founder Chair Souki has successfully taken his new company public on Nasdaq with the stock ticker “TELL” for Houston-based Tellurian Inc. Souki was ousted from liquefied natural gas export pioneer Cheniere just more...
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OPEC sticking to production cuts, says IEA
OPEC achieved the best compliance rate in its history at the outset of an accord to clear the oil glut, a plan that’s being supported by surprising strength in demand, the International Energy Agency said....
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